Louisiana's Industry-Development Team Is Ready to 'Talk the Talk' (cover) "In the Right Direction" Strengths on Which To Build Request Information
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Strengths on Which To Build
The analysis, while marking the state's shortcomings, also highlighted areas where Louisiana excels. For example, Louisiana is a strategic location in which to do national and global business. Four of the top 10 tonnage ports in the world are in Louisiana, and the top tonnage port in the nation is near New Orleans. State officials have invested in port expansion and upgrades at the Port of New Orleans. According to Timothy P. Ryan of the University of New Orleans, "The economic impact of the ports constitutes 22.5 percent of total Louisiana gross state product. The economic activities of port-related firms support approximately one out of every eight jobs in the state."
Louisiana is also making strides in producing an educated workforce. The TOPS program, a state-funded tuition plan, allows students to attend state universities, and in 2001 the state invested $25 million to attract top-notch professors in engineering and computer sciences. It may take some time before Louisiana's cluster programs yield fruit, and state officials must prepare for long-term investment. There are some positive signs. The Corporation for Enterprise Development (www.drc.cfed.org) in its Development Report Card for the States 2001, ranked Louisiana 3rd in the nation for state investment in manufacturing capital. It also ranked the state as having the lowest urban housing costs in the country and better-than-average energy costs. Site consultants note that Louisiana has the capability of exposing their new programs to the large amount of tourists that visit each year due to the convention business. Wegfahrt thinks state and local economic development officials should use convention opportunities to tell the Louisiana cluster story. He proposes taking business leaders to view expanding and emerging industries. "That's how you get yourself on the radar," he adds, "by really exposing yourself to all those people and saying here are some things that are successful."
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