A Look at Business in Central Louisiana

Central Louisiana has a labor force of over 155,00

Central Louisiana economic development officials are excited that Innovation Park, a multi-tenant Revolution Aluminum Greenfield project (the former Pineville International Paper site) will likely create more than 1,000 new jobs. That is especially good news for Louisiana businesses, which saw a staggering loss of jobs because of the downturn in oil and gas. The LSUA online Bachelor of Science in Business Administration includes coursework on business management principles that will help you learn how to develop strategies to overcome economic challenges. And because this program is completely online, advancing your career has never been easier. Below is a look at businesses and work in Alexandria, Louisiana and the surrounding area.

Central Louisiana by the Numbers

  • Labor force: 155,402 people.
  • Job growth rate: -1.45 percent since 2015.
  • Total population of central Louisiana: 376,090.
  • Median age: 35.79.
  • Total businesses: 14,401.
  • Blue-collar workers: 41 percent.
  • White-collar workers: 58 percent.

These numbers are from the Central Louisiana Economic Development Alliance’s regional data report. The most recent data also shows that only 10.55 percent of the Central Louisiana population has a bachelor’s degree.

At a Glance: Central Louisiana Businesses

According to the CLEDA report, the leading industries in Central Louisiana in 2016 are:

  1. Retail.
  2. Healthcare and social services.
  3. Education.
  4. Public administration.
  5. Other services (such as repair, personal care, etc.).

Numerous companies have strong ties to Central Louisiana, including:

  1. Procter and Gamble, which has had a fabric care plant in Pineville, Louisiana for over 40 years.
  2. Crest Industries in Alexandria, Louisiana.
  3. Weyerhaeuser, which has also been in the area for over 40 years.
  4. Sundrop Fuels, which is currently building biogasoline production facility near Alexandria.
  5. Cool Planet, which is building a biomass-to-gasoline refinery plant.

Even as the oil and gas market has slowed, Louisiana continues to produce energy and fuel — now through renewable and organic materials and sources thanks to companies such as Cool Planet, Sundrop Fuels and Hinterland, LLC.

More Good Economic News: In Brief

  • According to the Louisiana Workforce Commission’s June 2016 report, the unemployment rate in Alexandria for May 2016 was 6.3 percent, which is down .5 percent year-over-year.
  • Occidental Chemical Corp. (OxyChem) plans a $145 million expansion of its company’s Geismar manufacturing plant according to a press release from Louisiana Economic Development. OxyChem expects to create 12 new jobs with an annual salary of $80,000 and comparable benefits package. LED forecasts at least “37 indirect jobs for a total of 49 new jobs in Ascension Parish and surrounding areas.”
  • JPMorgan Chase and Co.’s senior economist James Glassman expects energy prices to improve “some” during the next 12 months, which will aid oil and gas industry employment according to a report in The Advertiser.
  • According to a NOLA.com article, Site Selection magazine ranked Louisiana as second in the annual list of Top Competitive States for 2014 for its economic development work.

Launch a New You in Central Louisiana

Described as “The Crossroads,” Central Louisiana brings together everything and everyone. Louisiana businesses are expanding, as biofuel manufacturers are finding success because of the timber and excellent transportation systems across river and rail.

Louisianans interested in helping their communities through economic development can start by earning a bachelor’s degree in business, which allows workers to grow and develop while continuing to work. By improving your own education and professional status, you improve the community.

Learn more about LSUA BS in Business Administration online program.


Sources:

Economist: Hopeful signs for La. Oil, The Advertiser, April 16, 2016.

Innovation Park Becomes a Reality, Central Louisiana Economic Development Alliance.

Central Louisiana Data & Regional Profile, Central Louisiana Economic Development Alliance.

Civilian labor force rises for second consecutive month after year of decline, Louisiana Workforce Commission Press Release, March 28, 2016.

Louisiana ranks No. 2 nationally for economic development performance, The Times-Picayune, May 4, 2015.

A Hub for Industry, The Central Louisiana Chamber of Commerce.

What is Biofuel? Investopedia.com.

Gov. Edwards and Occidental Chemical President Rob Peterson Announce $145 Million Expansion Of Geismar Facility, Louisiana Economic Development, April 18, 2016.

Central Louisiana Business Incubator.

http://news.pg.com/press-release/pg-corporate-announcements/pg-alexandria-plant-celebrates-40-years-touching-lives-loca, P&G Alexandria Plant Celebrates 40 Years of Touching the Lives of Local Consumers, March 27, 2009.

http://www.sundropfuels.com/About%20Us/about


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