2o19 economic information & statistics -...

ECONOMIC INFORMATION & STATISTICSBossier City, Bossier Parish and the Shreveport/Bossier MSA 20192 1O 9

2 3

As many people in the Shreveport-Bossier MSA could tell you, growth

and progress are visibly evident in a big way here in Northwest Louisiana.

The economic data provided in this report clearly supports that view.

We are proud to provide this detailed information that will help existing

businesses make decisions. It will also serve as an introduction to

persons who may consider bringing a new business or industry to Bossier

Parish or Caddo Parish.

While the information provided here is accurate and extensive, it is also a “moving target.” We invite you

to call upon the Greater Bossier Economic Development Foundation (GBEDF) for your specific needs

in regard to information and assistance. I invite you to also review our website for current economic

activity news for our area. Our staff and community resource providers are well-versed in providing

information services. We stand ready to assist you as you seek to research and analyze important

business decisions. The use of incentive programs and other resources may also play a role in your

decision-making process. Again, our staff can best assist you in identifying and contacting all the

available resource providers in our region.

On behalf of the GBEDF Board of Directors, The City of Bossier City, The Parish of Bossier and all of

our stakeholders, we encourage you to take a closer look at a community that is strong and sound. We

know it to be one that offers great opportunity. We invite you to join us in our efforts to build tomorrow’s

success stories today.

Sincerely,

Charlie Coyle

Chairman

DAVID R. “ROCKY” ROCKETT JR. Executive Director

318.742.6043

[email protected]

GINGER COLLIER Director of Communication

318.742.6043

[email protected]

FROM THE DESK OF THE CHAIRMANSTAFF CONTACT INFORMATION

Above: The Louisiana Boardwalk and the downtown Shreveport skyline.

Cover Photo: The Port of Caddo-Bossier

4 5

MAJOR CITIES MAP ............................................. 6POPULATION RADIUS MAP .................................. 7INTERSTATE HIGHWAYS MAP .............................. 8FOUR-PARISH MAP .............................................. 9COST OF LIVING ................................................. 10 ACCRA Cost of Living Index ................................10 Home Price Comparison ..................................... 11POPULATION & DEMOGRAPHICS .......................12 Bossier City Population Change, Ethnicity

Composition, Gender Composition & Percentage of Population by Age Group .................................12

Bossier Parish Population Change, Ethnicity Composition, Gender Composition & Percentage of Population by Age Group ................................13

Benton, Haughton & Plain Dealing Population Change .............................................14

Benton, Haughton & Plain Dealing Ethnicity Composition, Gender Composition & Population by Age Group .......................................................15

Shreveport Population Change, Ethnicity Composition, Gender Composition & Population by Age Group .......................................................16

Caddo Parish Population Change, Ethnicity Composition, Gender Composition & Population by Age Group ....................................................... 17

Vivian, Oil City, Blanchard & Greenwood Population Change .............................................18

Vivian, Oil City, Blanchard & Greenwood Ethnicity Composition, Gender Composition & Population by Age Group ........................................................19

HOUSEHOLDS ..................................................... 20 Shreveport-Bossier City Median Household

Income with Forecast .........................................20 Shreveport-Bossier City Percentage of Household

by Income ............................................................21 Caddo-Bossier Parish Median Household Income

with Forecast ......................................................22 Caddo-Bossier Parish Percentage of Household

by Income ............................................................23

ECONOMIC INDICATORS .................................... 24 Annual Retail Sales .............................................24TRANSPORTATION ............................................. 25 Airports ...............................................................25 Road Transportation, Motor Freight

Service & Public Transportation .......................26 Port of Caddo-Bossier & Railroads Serving

the Region ...........................................................27CLIMATE ............................................................. 28 Annual Precipitation ............................................28 Natural Disasters Risk Zones .............................29 Average Temperatures .......................................30RECREATION & THE ARTS ................................. 31 NCAA Collegiate Bowl & Festivals ....................31 Performing Arts & Galleries and Museums .....32 Public Venues, Casino Gaming & Racing ..........33 Outdoor Recreation & Golf Courses ..................34 Tennis, Other Attractions &

Louisiana Boardwalk ..........................................35HEALTHCARE ..................................................... 36 BRF, CHRISTUS Bossier ER, CHRISTUS Highland

Medical Center & Overton Brooks VA Medical Center ....................................................37

Shriners Hospital for Children, Ochsner LSU Health Shreveport & Willis-Knighton Health System ....................................................38

EDUCATION ........................................................ 39 Elementary and Secondary Education &

Institutions for Higher Learning ........................39 Population 25+ by Educational Attainment ........40JOB TRAINING PROGRAMS ................................ 42 Workforce Investment Act & Incumbent Worker

Training Program ...............................................42 Louisiana Workforce Development and

Training Program & Strategies to Empower People (STEP) ......................................................43

TABLE OF CONTENTSTABLE OF CONTENTS

BUSINESS ENVIRONMENT ................................ 44 Shreveport-Bossier MSA Accolades,

Bossier City Bond Ratings & Bossier Parish Bond Ratings .............................44

Bossier City Fire Rating & Industry Employment Distribution ....................................45

WORKFORCE ...................................................... 47 Labor Force Growth ............................................47 Shreveport-Bossier MSA Current Employment

by Industry & Industries by Projected Growth ..48 Occupational Employment and Wage

Rates (OES) .........................................................49CONSTRUCTION & REAL ESTATE ...................... 50 Value of Shreveport-Bossier MSA Commercial

Construction & Residential Construction .........50 Industrial Bulk Warehouse ................................51 Industrial Market .................................................52 Office Market .......................................................53INDUSTRIAL PARKS .......................................... 55 The Port of Caddo-Bossier & Commerce

Industrial Park ....................................................55 Viking Drive Industrial Park & Benton

Industrial Park ....................................................56 Plain Dealing Industrial Park & Ruben E. White

Industrial Park ....................................................57 The Coordinating and Development

Corporation (CDC) & Louisiana Tech University Transfer Center ..................................................58

North Shreveport Industrial Park & InterTech Science Park .......................................................59

Shreve Park Industrial Campus & Shreveport Regional Airport Industrial Park .......................60

West Shreveport Industrial Park, Other Publicly Owned Industrial Parks & Privately Owned Industrial Parks ..................................... 61

DEFENSE COMMUNITY ..................................... 63 Barksdale Air Force Base, Air Force Global

Strike Command (AFGSC) & 8th Air Force ........63 2nd Bomb Wing, 307th Bomb Wing & Air Force

Nuclear Command, Control and Communications Center (NC3) .......................................................64

CYBER COMMUNITY ........................................... 66 Cyber Innovation Center (CIC), National Integrated

Cyber Education Research Center (NICERC) & General Dynamics (Formerly CSRA) .................66

Louisiana’s High-Tech Talent & Technology Infrastructure ....................................................67

BUSINESS & INDUSTRY INCENTIVES ................ 68 Enterprise Zone & LED FastStart ......................68 Opportunity Zones & Louisiana Industrial Ad

Valorem Tax Exemption Program (ITEP) ..........69 Foreign Trade Zones, Louisiana Quality Jobs

Program & Restoration Tax Abatement ............70 Sound Recording Investor Tax Credit

Program & Research and Development Tax Credit Program ............................................71

Music Job Creation Tax Credit Program & Motion Picture Production Tax Credit Program ............72

Angel Investor Tax Credit Program & Digital Interactive Media and Software Program Development Incentive .......................................73

TAXES..................................................................74 Louisiana Corporate Income Tax Rates,

Corporate Franchise Tax & Personal Income Tax .......................................................... 74

Property Tax & Sales/Use Tax ...........................75 Unemployment Insurance Tax ............................76UTILITIES ........................................................... 77 Electric Power, Natural Gas & Water ................77 Sewer & Telecommunications ...........................78

6 7

NOTE: All mileage noted represents MapQuest highway driving distances.

393 miles

547 miles

571

mile

s

349 mile

s

449 miles

317 miles

239

mile

s

315 miles

189 miles

864

mile

s

500 miles

250 miles

10

1035

35

70

80

80

7057

4455

35

101012

59

65

24

74 55

72

20

20

37

4945

4O 4O4O

55

55

44

New Orleans

Jackson

Birmingham

Nashville

Memphis

Wichita

TulsaOklahoma City

Dallas

Omaha

Kansas City St. Louis

Des Moines

Austin

Corpus Christi

ShreveportBossier MSA

Chicago

San Antonio

Houston

MA JOR CIT IES MAP

2019 CENSUS (ESTIMATED) FIGURES

Radius

100 miles

200 miles

300 miles

Population

2 million

13.6 million

34.8 million

10

10

35

35

35

7070

4455

35

10

101012

59

59

85

65

24

40

75

20

20

2020

37

4945 69

69

69

4O4O

49

3O

4O

55

55

44

New Orleans

JacksonMontgomery

Nashville

Memphis

Wichita

TulsaOklahoma City

Fort Worth Dallas

Arlington

Kansas City St. Louis

Little Rock

Austin

Corpus Christi

Shreveport-Bossier MSA

San AntonioHouston

POPUL ATION R ADIUS MAP

Source: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2019 and 2023.

8 9

10

10

35

35

35

70

80

80

7070

7057

4455

35

35

29

10

101012

59

59

10

75

75

85

8565

24

24

40

75

75

64

64

65

65

7580

9490

39

88

74

8039 55

72

74

7671

70

16

4

91

95

20

20

20

2020

37

4945 69

69

69

4O4O

49

3O

4O

55

55

44

New Orleans

JacksonMontgomery

Atlanta

Tampa

Miami

Jacksonville

Nashville

Memphis

Wichita

TulsaOklahoma City

Fort Worth Dallas

Arlington

Omaha

LouisvilleKansas City St. Louis

Des Moines

Little Rock

Austin

Corpus Christi

Proposed Interstates


ChicagoToledo Cleveland

Cincinnati

Indianapolis

San AntonioHouston

INTERSTATE HIGHWAYS MAP

Three-Parish MSA

Webster Parish

U.S. InterstateU.S. HighwayState Highway

171

1

371

71

167

84

59


170

2

157

79

84

Webster

Bossier

Caddo

DeSoto

Texas

Arkansas

80 20220

49

30

FOUR-PARISH MAP

10 11

ACCR A COST OF LIVING INDEX Shreveport-Bossier City Metropolitan Area

HOME PRICE COMPARISON

The Council for Community and Economic Research (C2ER) produces the ACCRA Cost of Living Index to

provide a useful and reasonable accurate measure to compare cost of living differences among urban

areas. Items on which the Index is based have been carefully chosen to reflect the different categories

of consumer expenditures. Weights assigned to relative costs are based on government survey data on

expenditure patterns for mid-management households. All items are priced in each place at a specified

time and according to standardized specifications. The index is based on the following categories:

Grocery (13.61%), Housing (27.59%), Utilities (10.06%), Transportation (9.59%), Healthcare (4.00%) and

Miscellaneous (35.15%).

Index and average prices are based on 2018 annual average data.

Greater Shreveport-Bossier City area offers a wide selection of housing.

Figures below represent new, mid-management homes with approximately 2,400-square-foot living

area in a new house: 8,000-square-foot lot, four bedrooms, two baths.

Index and average prices are based on 2018 annual average data.

COST OF LIV ING COST OF LIV ING

Source: The Council for Community and Economic Research (C2ER) Cost of Living Index Source: The Council for Community and Economic Research (C2ER) Cost of Living Index

Hattiesburg, MSOklahoma, OK

San Antonio, TXSpringfield, IL

Fort Wayne, INMonroe, LA

Lafayette, LADayton, OH

Shreveport-Bossier, LALake Charles, LAMontgomery, AL

Evansville, ILHuntsville, AL

Augusta, GARichmond, VA

Kansas City, MOHouston, TX

Wilmington, NCLittle Rock, ARCleveland, OHRochester, NY

Austin, TXBethesda, MD

Los Angeles, CAWashington, DC

75% 85% 90% 95% 100% 150% 200%80%

PERCENTAGE

145.8 148.6 161.9

83.8 84.7 87.5 87.6 87.8 89.7 90.3 90.7 91 91 91.1 92 92.7 93 94.5 95.1 96.2 96.5 97.4 97.5 98.5 98.9

Fort Wayne, INDayton, OH

Huntsville, ALOklahoma, OK

Augusta, GALake Charles, LA

San Antonio, TXHattiesburg, MS

Lafayette, LAKansas City, MO

Cleveland, OHShreveport-Bossier, LA

Rochester, NYEvansville, IL

Springfield, ILMontgomery, AL

Richmond, VAWilmington, NC

Houston, TXAustin, TX

Monroe, LALittle Rock, ARBethesda, MD

Los Angeles, CAWashington, DC

$200,000 $250,000 $300,000 $350,000 $400,000 $800,000 $850,000 $900,000 $950,000

HOME PRICE

$961,051

$801,673 $806,522

$231,425 $232,373 $233,251 $241,571 $255,980 $258,323 $258,756 $259,999 $271,343 $272,720 $275,739 $286,522 $289,948 $294,060 $294,229 $294,915 $300,900 $301,215 $314,037 $314,420 $338,251 $339,977

Bossier City East Bank District

Photos courtesy of the Bossier Press-Tribune and 318 FORUM

12 13Note: 2019, 2024 forecast through ESRI. Source: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2019 and 2024. ESRI converted Census 2000 data into 2010 geography.

Note: 2019, 2024 forecast through ESRI. Source: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2019 and 2024. ESRI converted Census 2000 data into 2010 geography.

POPUL ATION & DEMOGRAPHICS POPUL ATION & DEMOGRAPHICS

BOSSIER CIT Y BOSSIER PARISH

POPULATION CHANGE 2000 – 2019 WITH PREDICTED FORECAST POPULATION CHANGE 2000 – 2019 WITH PREDICTED FORECAST

2019 GENDER COMPOSITION 2019 GENDER COMPOSITION

2019 ETHNICITY COMPOSITION 2019 ETHNICITY COMPOSITION

49%

51%

49%

51%

0 10,000 20,000 30,000 40,000 50,000 70,00060,000 80,000

69,868

67,336

61,224

55,5612000

2010

2019

2024

POPULATION

138,070

131,557

116,979

98,446

0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000

2000

2010

2019

2024

POPULATION

2019 PERCENT OF POPULATION BY AGE GROUP 2019 PERCENT OF POPULATION BY AGE GROUP

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

7.4%6% 6.1% 6.3%

13%14%

12.6% 12.5%11%

13.7%

16.1%

7.1%

13.4%

6.7%

5–9 10–14 15–24 25–34 35–44 45–54

13.1%

10.5%

55–64

9.7%7.7%

65–74

4.7%4.4%

75–84

2%2%

85+0–4

Bossier City

PE

RC

EN

TAG

E

U.S.

AGE GROUPS

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

6.8%6% 6.1% 6.3%

13%14%

12.6% 12.5%12%13.7%

14.9%

6.8%

12.5%

6.8%

5–9 10–14 15–24 25–34 35–44 45–54

13.1%11.9%

55–64

9.7%8.7%

65–74

4.7%4.3%

75–84

2%1.6%

85+0–4

Bossier Parish

PE

RC

EN

TAG

E

U.S.

AGE GROUPS

Caucasian

African–American

Hispanic

Other

Caucasian

African–American

Hispanic

Other

Female

Male

Female

Male

62%

2%

26.7%

9.3%

69%

2%

21.9%

7.1%

14 15


POPULATION CHANGE 2000 – 2019 WITH PREDICTED FORECAST

BENTON, HAUGHTON & PLAIN DEALING 2019 ETHNICITY COMPOSITION

PLAIN DEALINGHAUGHTONBENTON

2019 GENDER COMPOSITION

47%

53%

48%

52%

46%

54%

PLAIN DEALINGHAUGHTONBENTON

Female

Male

2019 PERCENT OF POPULATION BY AGE GROUP

7.1%6% 5.4%

6.4%7.2%

5.5%6.8% 7%

12.8%11.5% 11.8%

14.1%

11.1%12.2%

14.2%

11%

15.2%

5.6%

5–9 10–14 15–24 25–34 35–44

12.1% 11.7% 12%

45–54

12.5% 12.6%

14.9%

55–64

10%8.9%

13.4%

65–74

5.3%3.6%

6.6%

75–84

1.8%1%

2.7%

85+0–4

AGE GROUPS

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

PE

RC

EN

TAG

E

Benton Haughton Plain Dealing



0 2,0001,000 4,0003,000 5,000

Benton

Haughton

Plain Dealing

2,399

4,731

990

2,047

3,546

1,015

2,110

3,505

1,101

2019

2024

2010

2000

POPULATION

2,277

4,383

1,002

Caucasian

African–American

Hispanic

Other 53.7%

3.7%

41.7%

0.9%

71.1%

3.3% 4.4%

21.2%35.6%

59.6%

1.6% 3.2%

16 17


CADDO PARISH


SHREVEPORTPOPULATION CHANGE 2000 – 2019 WITH PREDICTED FORECAST


2019 ETHNICITY COMPOSITION

53%

47%

53%

47%

0 50,000 100,000 150,000 200,000 250,000

200,756

2000

199,886

2010

195,564

2019

190,403

2024

POPULATION


0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

6.6% 6% 6.1% 6.3%

13%14%

12.6% 12.5%11.2%

12.4%14.5%

6.6%

13.6%

6.5%

5–9 10–14 15–24 25–34 35–44 45–54

13.1%12.2%

55–64

9.7%9.4%

65–74

4.7%4.7%

75–84

2%2.3%

85+0–4

Shreveport

PE

RC

EN

TAG

E

U.S.

AGE GROUPS

Caucasian

African–American

Hispanic

Other

Female

Male

Note: 2019, 2024 forecasted through ESRI. Source: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2019 and 2024. ESRI converted Census 2000 data into 2010 geography.


0 50,000 100,000 150,000 200,000 250,000 300,000

251,917

2000

254,969

2010

251,779

2019

245,713

2024

POPULATION

38%

2%

56.7%

3.2%



Caucasian

African–American

Hispanic

Other

Female

Male

45.4%

1.8%

49.8%

3%


0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

6.4% 6% 6.1% 6.3%

13%14%

12.6% 12.5%11.6%12.3%

13.9%

6.5%

12.7%

6.4%

5–9 10–14 15–24 25–34 35–44 45–54

13.1%13%

55–64

9.7%10%

65–74

4.7%4.9%

75–84

2%2.2%

85+0–4

Caddo Parish

PE

RC

EN

TAG

E

U.S.

AGE GROUPS

18 19

POPUL ATION & DEMOGRAPHICS


VIVIAN, OIL CIT Y, BLANCHARD & GREENWOOD

0 2,0001,000 4,0003,000 5,000Vivian

Oil City

Blanchard

2,861

2,521

1,105

4,038

3,219

2,899

1,008

3,671

3,213

2,985

1,034

3,576

3,154

2,963

1,026

3,474

2019

2024

2010

2000

POPULATION

Greenwood

POPUL ATION & DEMOGRAPHICS




BLANCHARD GREENWOODOIL CITY VIVIAN


Female

Male


7.1%6.2% 5.9%

5.1%

7.2% 6.6% 6.4%5.4%

7.1%5.9%

6.7%5.5%

11.5%11.9%

9.6%10%

13.6%12.5%

11.4% 11.6% 11.6%

8.7%

13.6%

11.3%10.5%

14%12.8%

13.5%

10.6%

12.5%12.1%12.7%

6%7.2%

5%6.1%

2.1%1.1%

2.2% 1.6%

12.6%13.4%

14.3%

17.2%

AGE GROUPS

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

PE

RC

EN

TAG

E

Vivian Oil City Blanchard Greenwood

5–9 10–14 15–24 25–34 35–44 45–54 55–64 65–74 75–84 85+0–4

48.2%

1.6%

46.8%

3.4%

65.4%

1.6% 3%

30%

80.9%

2.7% 3.7%

12.7%

59%

3.8% 4.4%

32.8%

Caucasian

African–American

Hispanic

Other

BLANCHARD GREENWOODOIL CITY VIVIAN

47%

53%

50%

50%

49%

51%

49%

51%

20 21

HOUSEHOLDS HOUSEHOLDS

Source: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2019 and 2024.

SHREVEPORT-BOSSIER CIT Y

25%

20%

15%

10%

5%

0%$15,000 to$24,999

$25,000 to$34,999

$35,000 to$49,999

$50,000 to$74,999

$75,000 to$99,999

$100,000 to$149,999

$150,000 to$199,999 $200,000+

PE

RC

EN

TAG

E

Less than$15,000

Shreveport U.S.Bossier City

16.7%

22.3%

10.7%

16.4%

9%

10.3% 10.5%

7.9%

2% 1.9%

6.5%

2%

4%

7.3%

12.1%12.5%

8.9%

12.9%

7.9%

12.6%

15.1%

16.6%

13%12.4%

16.9%

14.1%

17.5%

2019 PERCENTAGE OF HOUSEHOLD BY INCOME2019 MEDIAN HOUSEHOLD INCOME WITH PREDICTED FORECAST

INC

OM

EIN

CO

ME

INC

OM

E

$33,779

$43,599

$60,548

$36,410

$46,575

$69,180

Shreveport U.S.

0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

2019 2024

Bossier City

Note: 2019, 2024 forecast through ESRI. Source: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2019 and 2024.

22 23

HOUSEHOLDS HOUSEHOLDS

CADDO-BOSSIER PARISH

2019 PERCENTAGE OF HOUSEHOLD BY INCOME2019 MEDIAN HOUSEHOLD INCOME WITH PREDICTED FORECAST

Note: 2019, 2024 forecast through ESRI. Source: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2019 and 2024. Source: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2019 and 2024.

INC

OM

EIN

CO

ME

INC

OM

E

$49,633

$36,561

$60,548

$53,159

$39,631

$69,180

Caddo Parish U.S.

0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

Bossier Parish

2019 2024

25%

20%

15%

10%

5%

0%

PE

RC

EN

TAG

E

15%

20.8%

10.7%

15.6%

9%9.3%

12.5%

8.8%

3.3%

2.1%

6.5%

2.5%

4.2%

7.3%

10.5%

11.9%

8.9%

14.5%

8.4%

12.6%

15.1%15.4%

12.9%12.4%

17%

15.3%

17.5%

Caddo Parish U.S.Bossier Parish

$15,000 to$24,999

$25,000 to$34,999

$35,000 to$49,999

$50,000 to$74,999

$75,000 to$99,999

$100,000 to$149,999

$150,000 to$199,999 $200,000+

Less than$15,000

24 25

AIRPORTS • Shreveport Regional Airport

> The airport is served by four airlines to seven major destinations.

- Allegiant Airlines: With service to Las Vegas and seasonally to Destin and Orlando/Sanford

- American Airlines: With service to Charlotte and Dallas/Fort Worth

- Delta Air Lines: With service to Atlanta

- United Airlines: With service to Denver and Houston

> Combined, there are more than 40 daily scheduled arriving and departing flights among the carriers at Shreveport. Along with the flights to seven direct destinations, travelers from Shreveport can connect to more than 250 other domestic and international destinations through one-stop service at one of the cities listed above.

• Downtown Shreveport Airport

> General aviation/reliever airport

> Houses privately owned and corporate aircraft

> Houses aircraft maintenance and modification companies

> Southern University Shreveport airframe and power plant mechanics certification school

> Primary runway is 5,000 feet

TR ANSPORTATION

ANNUAL RE TAIL SALES FOR THE SHREVEPORT-BOSSIER MSA

ECONOMIC INDICATORS

2018 ESTIMATED RETAIL SALESBOSSIER PARISH BOSSIER CITY CADDO PARISH CITY OF

SHREVEPORT

JANUARY $260,476,857 $198,936,240 $488,453,867 $421,842,073

FEBRUARY $206,455,543 $152,439,000 $397,794,746 $332,878,220

MARCH $186,086,629 $139,233,680 $376,028,267 $320,776,255

APRIL $248,132,857 $186,875,920 $474,960,000 $402,604,447

MAY $222,721,829 $161,684,400 $422,062,600 $357,093,418

JUNE $226,236,057 $165,571,400 $488,818,600 $420,027,091

JULY $244,948,686 $175,954,680 $479,082,930 $405,052,531

AUGUST $223,940,857 $167,403,160 $435,998,361 $366,155,927

SEPTEMBER $222,979,829 $160,589,200 $458,698,133 $389,122,145

OCTOBER $222,143,714 $158,757,080 $422,375,019 $359,380,820

NOVEMBER $223,838,171 $159,186,320 $432,531,267 $371,525,673

DECEMBER $218,983,943 $160,733,640 $433,617,867 $370,849,782

ANNUAL TOTAL $2,706,944,972 $1,987,364,720 $5,310,421,657 $4,517,308,382

COMBINED PARISH & CITY ANNUAL TOTAL $4,694,309,692 $9,827,730,039

TOTAL ANNUAL RETAIL SALES FOR THE SHREVEPORT/BOSSIER MSA: $14,522,039,731

Source: Greater Bossier Economic Development Foundation

Retail spending increased by 5.3% since 2017.

Retail figures do not include motor vehicle sales.

SHV

OrlandoDestin

Denver

Las Vegas

Dallas

Houston

Atlanta

Charlotte

ROUTE MAP

Courtesy of Shreveport Regional Airport

26 27

ROAD TRANSPORTATION • The Greater Shreveport-Bossier Metro area is served

by 3 Interstate Highways: I-49, I-20 & I-220

• Louisiana Transportation Trust Fund was established in 1989.

> All taxes levied on fuels are invested in the trust fund.

> Funds are dedicated for:

- Construction & maintenance of roads and bridges of the state and federal highways

- State Flood Control Program

- Ports, airports, transit, state police for traffic control

- Parish Transportation Fund

MOTOR FREIGHT SERVICE • Next-day and second-day motor freight delivery from Northwest

Louisiana encompasses most of the Sunbelt and Midwest U.S.

• Northwest Louisiana has convenient access to I-20 (east-west) and to I-49 (north-south), which connects Shreveport to I-10 (east-west) in South Louisiana.

• Overnight delivery service can reach more than 43 million people.

PUBLIC TRANSPORTATION • SPORTRAN

> SporTran sports a fleet of over 50 modern buses equipped to handle all passengers, including those with disabilities. The newest buses are equipped with the latest emission reduction systems and include dual-fuel (Hybrid) buses. In 2010, SporTran placed in service the first buses powered by Compressed Natural Gas (CNG).

> Discount fares accommodate students, senior citizens and monthly riders.

PORT OF CADDO-BOSSIER • Port of Entry for Foreign Trade Zone and U.S. Customs

• Industrial Park: Port owns approximately 2,300 acres in Caddo and Bossier parishes along the Red River, with 220 acres dedicated to maritime infrastructure: land for lease/development.

• General cargo and liquid wharves

• 3,200-foot-long slack water harbor and 850-foot-long launch basin, 12-foot draft. Service: Terminal slots available.

• River Navigation: Nine-foot depth and 200-foot width channel maintained by the Army Corps of Engineers

• On-dock rail & roll-on/roll-off ramp

• Comprehensive rail network and three locomotive switch engines

• Daily service by Union Pacific Railroad with local connections to Kansas City Southern

R AILROADS SERVING THE REGION • Kansas City Southern Railroad (KCS)

• Union Pacific Railroad

> Shreveport intermodal container loading/unloading at the Kansas City Southern Deramus Yard

> Next, second and third-day rail service to the Sunbelt and Midwest regions

TR ANSPORTATION TR ANSPORTATION

Top: I-220 Cross Lake Bridge

Right: I-49 at I-220 Ramp

Photos by PJ Hahn Photography

Photo courtesy of The Kansas City Southern Railway Company

Tole

7

Bossier City

RED RIVER

DESOTO

BIE

WEBSTER

Red River

BOSSIERCADDO

Shreveport

U.S. Interstate

U.S. Highway

KCS

Union Pacific

Regional Airport

Multi-Modal Port

71

84

20220

49

49

28 29

Shreveport-Bossier City area has a humid subtropical climate. Rainfall is abundant with the normal annual precipitation averaging 4.3 inches in 2018 and with monthly averages ranging from less than three inches in August to more than five inches in June. Severe thunderstorms with heavy rain, hail, damaging winds and tornadoes occur in the area during the spring and summer months. The winter months are normally mild with ice and sleet storms possible. There was half an inch of snowfall in 2018. Summer months are hot and humid with maximum temperatures exceeding 100 degrees an average of 60 days per year, with high to very high relative average humidity, sometimes exceeding the 90% level.

• Precipitation

> Annual rainfall per year — 2018: 51.36 inches

> 0.5 inches snowfall in 2018; Two inches of snow in 2015; No measurable snowfall occurred in 2016, 2014, 2013 or 2012.

• Temperature

> Average warmest months are May to October; average coolest month is January

> Average temperature for 2018: 65.6° F

> Highest recorded temperature was 109° F in 2000; lowest recorded temperature was -2° F in 1930

> Average warmest temperature in 2018: 76.4°F; average coolest temperature in 2018: 54.8°F

CLIMATECLIMATE

Source: National Weather Service Source: National Weather Service

NATUR AL DISASTERS RISK ZONES

2018 ANNUAL PRECIPITATION

SEPTEMBER OCTOBERAUGUSTJULYJUNEMAYAPRILMARCHFEBRUARYJANUARY NOVEMBER DECEMBER

6

5

4

3

2

1

0

4.214.76 4.13 4.17

4.925.39

3.66

2.72

3.15

4.96

4.53 4.76

RA

INF

AL

L (

INC

HE

S)

Earthquakes – Moderate

Earthquakes – High

Floods

Hurricanes

Tornadoes


Tornado Alley

30 31

NCA A COLLEGIATE BOWLThe Walk On’s Independence Bowl is one of the NCAA post-season football bowl games featuring two

top collegiate football teams representing the Southeastern Conference (SEC) and the Atlantic Coast

Conference (ACC).

• African-American History Month Parade

• Ark-La-Tex Ambassadors BBQ Cook-Off

• ArtBreak

• ARTini

• ASEANA Festival

• Barksdale AFB Air Show

• Battle of the Gumbo Gladiators

• Benton Christmas on the Square Festival

• Brew: A Premier Beer Tasting

• Christmas in Roseland

• Christmas on Caddo Fireworks Festival

• Cinco de Mayo Fiesta

• Cork: A Red River Revel Wine Event

• Country Christmas Festival

• Cross Lake Floatilla

• Dixie Maze Farms Fall Festival and Corn Maze

• Fat Tuesday Texas Street Bridge Closing Ceremony

• Gusher Days Festival

• Highland Jazz & Blues Festival

• Holiday in Dixie

• Krewe of Barkus & Meoux Mardi Gras Parade

• Krewe of Centaur Mardi Gras Parade

• Krewe of Gemini Mardi Gras Parade

• Krewe of Harambee Mardi Gras Parade/MLK Day Parade

• Krewe of Highland Mardi Gras Parade

• Krewe of Sobek Mardi Gras Parade

• KTBS3 KPXJ CW21 Independence Day Festival

• Le Tour des Jardins

• Let the Good Times Roll Festival

• Louisiana Film Prize-Music Prize

• Louisiana Holiday Trail of Lights

• Louisiana Red Bud Festival

• Mooringsport Cypress Festival

• Mudbug Madness Festival

• Pioneer Heritage Festival

• Poke Salad Festival

• Pumpkin Shine on Line

• Red River Balloon Rally & U.S. Hot Air Balloon Championship

• Red River Dragonboat Festival

• Red River Margarita Pour-Off

• Red River Revel Arts Festival

• Shreveport Derby Day

• Shreveport Southern Soul Labor Day Blues Festival

• State Fair of Louisiana

• Sunflower Trail & Festival

• Super Derby Festival of Racing

• Texas Avenue Makers Fair

• Twelfth Night Celebration

• Vivian Black History Festival and Parade

Source: U.S. Climate Data

RECRE ATION & THE ARTSCLIMATE

FESTIVALS

AVER AGE TEMPERATURES2018

57

36

62

40

69

46

77

54

84

63

90

69

93

73

94

72

88

66

78

55

67

45

58

38

JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER DECEMBERNOVEMBER

110

100

90

80

70

60

50

40

30

20

10

0

TE

MP

ER

AT

UR

E (˚

F)

Average High Average Low

32 33

• Bossier Arts Council

• East Bank Theatre

• Emmett Hook Center

• Gilbert & Sullivan Society

• Louisiana Dance Foundation

• Marjorie Lyons Playhouse

• River City Repertory Theatre

• Shreveport Little Theatre

• Shreveport Metropolitan Ballet

• Shreveport Opera

• Shreveport Symphony Orchestra

• Strand Theatre

• Theatre of Performing Arts

• Artspace

• Barksdale AFB Global Power Museum

• Bossier Parish Library Historical Society

• East Bank Gallery

• Karpeles Manuscript Library Museum

• Krewe of Gemini Mardi Gras Museum

• Louisiana State Exhibit Museum

• Louisiana State Oil & Gas Museum

• Marlene Yu Museum

• Meadows Museum of Art

• Multicultural Center of the South

• Norsworthy Gallery

• Pamoja Art Society, Cultural Art Center

• Pioneer Heritage Center

• R. W. Norton Art Gallery

• Red River Crossroads Museum

• Sci-Port Discovery Center

• Shreveport Aquarium

• Shreveport Railroad Museum

• Shreveport Water Works Museum

• Southern University Museum of Art

• Spring Street Historical Museum

• Stage of Stars Museum

• Stephens African-American Museum

• Talbot Museum

• Touchstone Wildlife and Art Museum

• Vivian Railroad Station Museum

• Bossier Civic Center

• Bossier City East Bank Plaza

• CenturyLink Center

• Festival Plaza

• Hirsch Memorial Coliseum

• Independence Stadium

• Minden Civic Center

• Minden Community House

• Municipal Auditorium

• Robinson Film Center of Louisiana

• Shreveport Convention Center

• Shreveport Riverview Hall & Theater

• State Fair Grounds

• Strand Theatre

• Boomtown Casino & Hotel

• DiamondJacks Casino & Resort

• Eldorado Resort Casino

• Harrah’s Louisiana Downs Casino and Racetrack

• Horseshoe Casino & Hotel

• Margaritaville Resort Casino

• Sam’s Town Hotel & Casino

• Ark-La-Tex Speedway

• Bayou Kajun Raceway

• Boothill Speedway

PERFORMING ARTS PUBLIC VENUES

CASINO GAMING

R ACING

GALLERIES & MUSEUMS

RECRE ATION & THE ARTSRECRE ATION & THE ARTS

Left: East Bank Plaza

Right: Shreveport Aquarium

Photo courtesy of the Shreveport-Bossier Convention

and Tourist Bureau

The gardens at R.W. Norton Art Gallery

34 35

• Crooked Hollow Golf Club

• David Toms 265 Golf Academy

• East Land Country Club

• East Ridge Country Club

• Huntington Park Golf Course

• Jerry Brooks Golf Course

• Meadowlake Golf Club

• Northwood Hills Country Club

• Olde Oaks Golf Club

• Querbes Golf Course

• Pine Hills Country Club

• Southern Trace Country Club

• Stonebridge Country Club

• The Grove Golf Course

RECRE ATION & THE ARTS RECRE ATION & THE ARTS

• A.C. Steere Park

• Airport Park & Community Center

• Arthur Ray Teague Parkway Park

• Bayou Bodcau Dam & Reservoir

• Betty Virginia Park

• Caddo Lake

• Caney Lake

• Cargill Park

• Clyde Fant Parkway Park

• Columbia Park

• Cross Lake

• Cypress-Black Bayou Park and Recreation Area

• Lake Bistineau State Park

• Mike Woods Park

• Minden Recreation Complex

• North Bossier Park

• Riverfront Park

• Red River

• The Duck Pond

• Tinsley Athletic Complex

• Valencia Park Community Center

• Wallace Lake

• Walter B. Jacobs Memorial Nature Park

OUTDOOR RECREATION

• American Rose Center

• Ark-La-Tex Fly Board

• Air U Trampoline Park

• Altitude Trampoline Park

• Chimp Haven

• Cypress Nature Study Center

• Cypress Zoo

• Escape Shreveport

• Flying Heart Brewing

• Gators and Friends Alligator Park and Exotic Zoo

• Great Raft Brewing

• Holiday Lanes Bowling Alley

• iFlyH2O Water Sports

• Island Fun Arcade

• Jubilee Zoo

• OFF Limits Paintball

• On Cloud Wine Winery

• Painting with a Twist

• Party Central Family Fun Center

• Planet Fun

• Red Herring Escape Rooms

• Red River Brewing Company

• Sci-Port Discovery Center

• Shreveport Aquarium

• Shreveport Parks & Recreation Planetarium

• Splash Kingdom Family Waterpark

• Splat Zone Paintball

• Stoner Avenue Skate Park

• Yogi & Friends Exotic Cat Sanctuary

OTHER AT TR ACTIONS

Strategically blended retail, dining and entertainment in a picturesque setting. Anchored by Bass Pro

Shops Outdoor World, the 50-acre site provides premium retailers, theme restaurants, state-of-the-art

multiplex movie theater and a host of additional offerings. Located along the east bank of the Red River

under the Texas Street bridge in Bossier City.

LOUISIANA BOARDWALK

GOLF COURSES

• Bossier Tennis Center

• Cockrell Tennis Center

• East Ridge Country Club

• Indoors Racquet Club

• Minden Tennis & Aquatic Club

• Pierremont Oaks Tennis Club

• Querbes Tennis Center

• Southern Hills Tennis Center

• Southern Trace Country Club

• Stonebridge Swim & Tennis Club

• YMCA of Northwest Louisiana

TENNIS

36 37

Brentwood Behavioral Healthcare • 200 Beds • Acute Psychiatric/Chemical Dependency

Facility

CHRISTUS Bossier ER • Six licensed inpatient beds • Nine ED beds

CHRISTUS Highland Medical Center • 160 Beds • Acute Care Facility

Cornerstone Hospital of Bossier City • 62 Beds • Long-Term Acute Care/Rehab Facility

DeSoto Regional Health System • 38 Beds • Acute Care Facility

Lifecare Hospitals of Shreveport • 119 Beds • Long-Term Acute Care Facility

Minden Medical Center • 161 Beds • Acute Care Facility

North Caddo Medical Center • 25 Beds • Acute Care Facility

Overton Brooks VA Medical Center • 111 Beds • Clinical Referral Level 1C Facility

Physicians Behavioral Hospital • 24 Beds • Behavioral Health Facility

Promise Hospital of Louisiana Bossier Campus • 50 Beds • Long-Term Acute Care Facility

Promise Hospital of Louisiana Shreveport Campus • 146 Beds • Long-Term Acute Care/Rehab Facility

Shriners Hospital for Children • 45 Beds • Pediatric Orthopedic &

Neuromusculoskeletal Facility

Ochsner LSU Health Shreveport • 452 Beds • Acute Care Facility

Willis-Knighton Medical Center Bossier • 166 Beds • Acute Care Facility

Willis-Knighton Medical Center Pierremont • 206 Beds • Acute Care Facility

Willis-Knighton Medical Center Shreveport • 344 Beds • Acute Care Facility

Willis-Knighton Medical Center South & Center for Women's Health • 152 Beds • Acute Care Facility

BRF

• 10-story research facility with 56 wet labs

• Positron Emission Tomography (PET) Imaging Center

• Manages the InterTech Science Park

• Consortium for Education, Research and Technology (CERT), a partnership of North Louisiana's nine colleges and universities promoting collaboration projects among campuses

• Mathematics, Science and Technology (MST) Program for middle and high school students to improve math, science and technology learning outcomes

• Science and Medicine Academic Research Training (SMART) Program and Science Research Teacher Program (SRT) provides area high school seniors and science teachers the opportunity to conduct scientific research with principal investigators at LSU Health Sciences Center in Shreveport

CHRISTUS BOSSIER ER

• Bossier Emergency Hospital has six licensed inpatient beds and nine ED beds.

CHRISTUS HIGHLAND MEDICAL CENTER

• Catholic, nonprofit system owned and operated by CHRISTUS Health

• Areas of specialty include cardiovascular services, oncology, orthopedic and neurological services, primary care and medicine, surgical services, and women’s and children’s services

• Part of CHRISTUS Advocacy and Public Policy, which works within the community to extend the healing ministry of Jesus Christ

• Supports Children’s Miracle Network

OVERTON BROOKS VA MEDICAL CENTER

• Serving more than 37,000 veterans in the Ark-La-Tex

• Classified as a Clinical Referral Level 1C Facility

• Provides specialty care in the areas of medicine, surgery, psychiatry, physical medicine and rehabilitation, neurology, oncology, dentistry and geriatrics

• Works with the 2nd Medical Group at Barksdale Air Force Base and is a primary receiving center for military casualties in the VA/DoD Contingency Plan

• Federal Coordinating Center for the National Disaster Medical System

HE ALTHCARE HE ALTHCARE

Source: Individual Websites Source: Individual Websites

38 39

SHRINERS HOSPITAL FOR CHILDREN

• Pediatric Orthopedic Hospital

• Provides high-quality medical care to all children, regardless of the family’s ability to pay

• Specializes in the treatment of orthopedic conditions, burn injuries, spinal cord injuries, and cleft lip and palate in children ages zero to 18

• First of 22 Shriners Hospitals in North America

OCHSNER LSU HEALTH SHREVEPORT

• Only Level 1 Trauma Center with Life Flight Services

• Home to state-designated Centers of Excellence including Feist-Weiller Cancer Center and a Center of Excellence in Arthritis and Rheumatology

• Main campus includes a regional Burn Center

• One of only six hospitals in the nation affiliated with St. Jude Children’s Research Hospital

• Proud partner of the distinguished LSU Health Shreveport School of Medicine

• Regional referral center with Board-Certified, Board-Eligible Physicians

• Accredited by The Joint Commission as a Primary Stroke Center

WILLIS-KNIGHTON HEALTH SYSTEM

• Only locally owned, locally operated not-for-profit health system in Shreveport-Bossier

• Four locations, including a retirement community and a full range of support services

• Accredited by The Joint Commission

• Areas of specialty include Cancer, Cardiology and Heart Surgery, Diabetes and Endocrinology, Gastroenterology, Geriatrics, Gynecology, Nephrology, Neurology and Neurosurgery, Orthopedics, Pulmonology and Urology.

• Ranked #2 in Louisiana and is recognized among the Best Hospitals in Northwestern Louisiana

The Bossier Parish School Board District had a total of 22,733 students for the 2018–2019 school year.

The Caddo Parish School Board District had a total of 38,454 students for the 2018–2019 school year.

ELEMENTARY & SECONDARY EDUCATION

HE ALTHCARE EDUCATION

Source: Individual Offices, Bossier Parish School Board, Caddo Parish School Board, Louisiana Board of Regents, Individual Colleges and Universities, National Center for Education Statistics (NCES), Individual Schools.

PUBLIC SCHOOLS TOTALS PK–8 9–12

CADDO PARISHSCHOOLS 64

ENROLLMENT 38,454 25,869 11,039

BOSSIER PARISHSCHOOLS 34

ENROLLMENT 22,733 15,767 6,237

Digital Media Institute at InterTech 26

Diesel Driving Academy 84

Ayers Career College 107

Remington College 301

Centenary College 585

Northwest Louisiana Technical College 1,030

LSU Health Shreveport – School of Medicine 1,451

Southern University at Shreveport 2,651

Grambling State University 5,232

Bossier Parish Community College 6,596

Louisiana State University Shreveport 7,036

Northwestern State University 10,900

Louisiana Tech University 12,314

INSTITUTIONS FOR HIGHER LEARNING Fall 2018 Enrollment

Source: Individual Websites

Medical students at LSU Health Shreveport showcase research posters

40 41

EDUCATION

0% 5% 10% 15% 20% 25% 30% 35%

U.S.

Louisiana

Bossier Parish

Bossier City

Caddo Parish

Shreveport

PERCENTAGE

HIGH SCHOOLDIPLOMA

ASSOCIATEDEGREE

BACHELOR’SDEGREE

GRADUATE ORPROFESSIONAL

DEGREE

27% 34% 28% 31% 33% 27%

20% 15% 17% 17% 16% 16%

9% 5.9% 9% 9% 6% 6%

12% 8% 10% 9% 9% 10%

Right: Archery World Championship

Left: Lisa Burns, W.T. Lewis Elementary Principal, in

Bossier Parish receives the 2020 Louisiana Elementary

Principal of the Year

Bossier Parish students participating

in the United Way of Northwest Louisiana

Day of Service

Source: ESRI, Business Analyst Online Note: Education Attainment figures will not total 100%.

2019 POPULATION 25+ BY EDUCATIONAL ATTAINMENT

MSA 2019

42 43

WORKFORCE INVESTMENT ACT • Designed to stimulate the employment, training and retraining of unemployed and economically

disadvantaged and dislocated workers through training subsidies and employer incentives

• Training services may include basic skills training, cooperate education, customized training

combining on-the-job training and industry-specific training, etc.

• Program pays for tuition, books and training supplies

• Locally administered by the City of Shreveport’s Department of Community Development

(inside the city limits) and the Coordinating and Development Corporation (outside of Shreveport)

INCUMBENT WORKER Training Program

• Program designed to benefit business and industry by assisting in the skill development of existing

employees, and increasing employee productivity and the growth of the company

• Company eligibility requirements:

> Business must have operated in Louisiana and contributed to the state’s unemployment

insurance system for at least three years

> Each employer or consortium of employers must train at least 15 employees

> Small employers encouraged to participate

> Preference is given to employers who utilize public training providers, donate equipment and

supplies to the program, and participate in the state’s Welfare to Work Initiative

LOUISIANA WORKFORCE Development & Training Program

• Available to new and expanding companies, as well as firms implementing new and

expanding technologies

• Program offers pre-employment and worker-upgrade training

• Administered by Louisiana Economic Development

STR ATEGIES TO EMPOWER PEOPLE (STEP)

• Goal is to provide opportunities for work-eligible families of FITAP to receive job training,

employment and supportive services to enable them to become self-sufficient

• Result of the Personal Responsibility and Universal Engagement Act of 2003 passed by

the Louisiana Legislature

JOB TR AINING PROGRAMS JOB TR AINING PROGRAMS

Source: Louisiana Workforce Commission Source: Louisiana Workforce Commission

Bossier Parish Community College

Photo by Neil Johnson

44 45

BUSINESS ENVIRONMENT BUSINESS ENVIRONMENT

Source: Louisiana Workforce Commission Labor Market Statistics, Quarterly Census of Employment and Wages Program Source: Bossier City Tax Division, Moody Investor

• Standard and Poor Global Rating AA-

BOSSIER CIT Y BOND RATINGS

• Bossier City named No. 7 for “Best Places to Find a New Job”

– Money magazine

• Shreveport-Bossier named a “Game Changing Community” because of its economic potential

– Southern Business and Development magazine

• Shreveport-Bossier ranked among the “Best Opportunity Cities”

– Forbes magazine

• Bossier City ranked as one of Louisiana’s top ten most successful cities

– Business Facilities magazine

• Shreveport-Bossier MSA ranks No. 10 for Lowest Cost of Living


• Shreveport-Bossier MSA ranks: No. 2 as an Emerging Cybersecurity Hub; No. 4 for Economic

Growth Potential (Population Less Than 300K)


• Shreveport-Bossier and north Louisiana played a key role in the state capturing No. 1 spot for

Cyber Security Growth Potential


SHREVEPORT-BOSSIER MSA ACCOL ADES

• Standard and Poor Global Rating AA2

BOSSIER PARISH BOND RATINGS

• ISO Class 1

BOSSIER CIT Y FIRE RATING

INDUSTRY EMPLOYMENT DISTRIBUTIONThis section shows the industries with the highest number of employees in Shreveport-Bossier City, LA Metropolitan Statistical Area for the 1st Quarter, 2019.

INDUSTRY SECTOR NUMBER OF EMPLOYEES

Total, All Industries 174,411

Healthcare and Social Assistance 34,580

Retail Trade 22,409

Accommodation and Food Services 19,950

Educational Services 14,776

Manufacturing 10,849

Administrative and Waste Services 10,663

Construction 8,120

Public Administration 8,114

Wholesale Trade 6,944

46 47

• Total Civilian Labor Force: 187,800

• Total Employment: 181,700

• Total Unemployment: 10,400

• 2019 Unemployment Rate Annual MSA Average: 5.1%

BUSINESS ENVIRONMENT WORKFORCE

Source: Bureau of Labor and StatisticsSource: Greater Bossier Economic Development Foundation, Louisiana Economic Development

LABOR FORCE GROW TH 2004 – 2019

200

195

190

185

180

175

1702004 2006 2008 2010 2012 2014 2016 2018

TH

OU

SA

ND

S

YE AR

MAJOR EMPLOYERS SHREVEPORT-BOSSIER MSA

Company Number of Employees Industry Type

Barksdale Air Force Base 9,252 Defense/Government

Willis-Knighton Health System 7,414 Healthcare

Caddo Parish Schools 5,085 Education

Ochsner LSU Health Shreveport – Academic Medical Center 3,000 Healthcare

Bossier Parish Schools 2,800 Education

General Dynamics Information Technology, Inc. 1,100 Technology

Horseshoe Hotel & Casino 1,096 Gaming/Entertainment

Margaritaville Resort Casino 1,029 Gaming/Entertainment

Eldorado Resort Casino 1,009 Gaming/Entertainment

CHRISTUS Health Shreveport-Bossier 900 Healthcare

City of Bossier City 750 Government

Sam’s Town Hotel & Casino 745 Gaming/Entertainment

Boomtown Casino 497 Gaming/Entertainment

Hardware Resources 392 Retail

Sabre Industries 370 Manufacturing

Bossier Parish Community College 305 Education

McElroy Metal 200 Manufacturing

Metro Aviation 180 Aviation/Manufacturing

Ternium USA Inc. 176 Manufacturing

Red River Motor Company 120 Retail

48 49

WORKFORCE WORKFORCE

Source: Louisiana Workforce Commission, Louisiana Occupational Information System (LOIS)Source: LOIS, Labor Market Statistics, July 2019

SHREVEPORT-BOSSIER MSA CURRENT EMPLOYMENT BY INDUSTRYTOTAL NON-FARM EMPLOYMENT 178,800 Trade, Transportation and Utilities 36,400

Total Private 150,000 Information 1,900

Goods-Producing 22,700 Financial Activities 7,600

Service-Providing 156,100 Professional and Business Services 18,200

Private Service-Providing 127,300 Education and Health Services 32,100

Mining and Logging 4,300 Leisure and Hospitality 24,500

Mining, Logging and Construction 12,100 Other Services 6,600

Construction 7,800 Total Government 1,979

Manufacturing 10,600 Accommodation and Food Services 28,800

INDUSTRIES BY PROJECTED GROWTH The table shows the industries with the highest total annual percent change in Louisiana.

INDUSTRY 2016 ESTIMATED EMPLOYMENT

2026 PROJECTED EMPLOYMENT

TOTAL PERCENT CHANGE

TOTAL EMPLOYMENT CHANGE (2016-2026)

Other Information Services 429 586 3.17% 157

Air Transportation 2,952 3,498 1.71% 546

Lessors of Non-Financial Intangible Assets 300 354 1.67% 54

Warehousing and Storage 7,746 9,045 1.56% 1,299

Professional, Scientific and Technical Services 86,609 100,825 1.53% 14,216

Mining (except Oil and Gas) 1,421 1,653 1.52% 232

Ambulatory Healthcare Services 99,067 115,139 1.51% 16,072

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

3,781 4,348 1.41% 567

Couriers and Messengers 5,858 6,707 1.36% 849

Social Assistance 44,535 50,926 1.35% 6,391

OCCUPATIONAL EMPLOYMENT AND WAGE RATES (OES) for Multiple Occupations in 7th Regional Labor Market Area, Caddo and Bossier Parishes

Average Employment 2017 Total Wages Average Weekly Wage

Regional Labor Market Area 7

Bossier Parish

Caddo Parish


Bossier Parish

Caddo Parish


Bossier Parish Caddo Parish

Agriculture, Forestry, Fishing and Hunting

$1,194 $124 $181 $52,688,150 $6,034,817 $9,367,995 $849 $936 $995

Mining $4,743 $1,077 $1,466 $361,660,213 $89,363,366 $99,162,857 $1,466 $1,596 $1,301

Utilities $1,735 $219 $822 $117,668,645 $16,362,556 $57,501,510 $1,304 $1,437 $1,345

Construction $10,891 $2,381 $5,154 $480,916,624 $99,854,498 $238,016,609 $849 $807 $888

Manufacturing $16,231 $1,836 $6,302 $918,080,821 $116,091,755 $381,210,138 $1,088 $1,216 $1,163

Wholesale Trade $8,108 $1,852 $4,905 $454,148,296 $103,377,902 $282,420,692 $1,077 $1,073 $1,107

Retail Trade $28,909 $7,069 $13,454 $773,830,833 $188,425,678 $381,187,327 $515 $513 $545

Transportation and Warehousing $7,187 $875 $4,163 $368,524,884 $42,692,341 $210,063,185 $986 $938 $970

Information $2,847 $539 $1,687 $122,675,145 $23,997,600 $76,867,304 $829 $856 $876

Finance and Insurance $5,645 $978 $2,835 $320,995,671 $50,001,276 $183,519,283 $1,094 $983 $1,245

Real Estate, and Rental and Leasing

$3,738 $669 $2,110 $139,912,630 $24,878,974 $85,721,543 $720 $715 $781

Professional and Technical Services

$6,770 $1,104 $4,135 $369,067,843 $54,982,741 $239,965,348 $1,048 $958 $1,116

Management of Companies and Enterprises

$1,526 $220 $853 $107,455,024 $14,587,197 $61,162,346 $1,354 $1,275 $1,379

Administrative and Waste Services

$11,372 $1,914 $7,451 $323,582,952 $62,114,657 $196,299,795 $547 $624 $507

Educational Services $21,949 * $8,601 $801,173,418 * $305,914,856 $702 * $684

Healthcare and Social Assistance $43,356 $4,375 $28,146 $2,018,049,046 $197,297,782 $1,485,129,366 $895 $867 $1,015

Arts, Entertainment and Recreation

$4,617 $1,744 $2,320 $115,372,867 $47,994,240 $54,673,842 $481 $529 $453

Accommodation and Food Services

$24,358 $7,704 $10,873 $409,430,917 $154,323,892 $176,720,708 $323 $385 $313

Other Services, Except Public Administration

$5,054 $1,138 $2,836 $161,465,262 $36,575,039 $94,404,240 $614 $618 $640

Public Administration $10,611 $3,005 $4,093 $524,084,308 $177,090,355 $206,773,142 $950 $1,133 $972

TOTALS $220,851 $42,988 $112,397 $8,941,162,096 $1,663,290,558 $4,826,405,433 $779 $744 $826

50 51

CONSTRUCTION & REAL ESTATE

Source: CoStar Realty

VALUE OF SHREVEPORT-BOSSIER MSA COMMERCIAL CONSTRUCTION

VALUE OF SHREVEPORT-BOSSIER MSA RESIDENTIAL CONSTRUCTION

DO

LLA

R V

ALU

ES

IN

MIL

LIO

NS

$165.2$150.2

$75.2$59.5

180

160

140

120

100

80

60

40

20

0

2017 2018

DO

LLA

R V

ALU

ES

IN

MIL

LIO

NS

$59.3 $59.5

$61.8

$57.7

63

62

61

60

59

58

57

56

55

2017 2018


INDUSTRIAL BULK WAREHOUSE

Source: City of Bossier City, City of Shreveport

Bossier Parish Average Building Size: 52,405 sf

Bossier Parish Average Lease Rate: $1.90 per sf

Average Sales Size Bossier 2018: 36,833 sf

Average Sales Price Bossier 2018: $23.31 per sf

Shreveport

Bossier

Top: Spirit of the Red River Cruise cruises past the Louisiana Boardwalk

Right: Robinson Film Center

Photos courtesy of Shreveport-Bossier Convention and Tourist Bureau

52 53


Source: UL Coleman Properties, LLC Quarterly Market Report, 4th Quarter, 2018


Source: U.L. Coleman Properties, LLC, Quarterly Market Report, 3rd Quarter, 2018

INDUSTRIAL MARKE T LEASE/RENTAL

YEAR OCCUPANCY UPPER RENTAVG.

LOWER RENT AVG.

2010 94.5% $6.25 $5.55

2011 95.7% $7.22 $7.14

2012 80.1% $5.75 $5.06

2013 86.2% $6.41 $5.89

2014 84.9% $6.32 $5.73

2015 91.7% $7.12 $6.75

2016 91.6% $7.12 $6.75

2017 91.6% $7.12 $6.75

2018 89.6% $6.50 $5.10

OFFICE/SERVICE CENTER

MULTI-TENANT BULK WAREHOUSE


LOWER RENT AVG.

2010 59.9% $2.76 $2.72

2011 51.1% $2.95 $2.77

2012 51.8% $2.73 $2.52

2013 55.3% $2.81 $2.77

2014 59.9% $2.73 $2.73

2015 72.7% $2.96 $2.81

2016 91.6% $7.12 $6.75

2017 81.6% $3.43 $2.63

2018 91.3% $3.62 $3.34

OFFICE MARKE T LEASE/RENTAL


LOWER RENT AVG.

2010 90.6% $14.55 $12.72

2011 87.7% $14.65 $12.45

2012 85.5% $13.66 $12.31

2013 83.1% $13.53 $12.72

2014 80.0% $13.26 $12.32

2015 80.4% $13.22 $12.72

2016 79.2% $14.15 $13.23

2017 84.6% $14.48 $12.84

2018 75.3% $14.06 $12.06

DOWNTOWN OFFICE MARKET

SUBURBAN OFFICE MARKET


LOWER RENT AVG.

2010 86.5% $14.60 $13.78

2011 87.7% $15.18 $13.40

2012 82.3% $15.32 $13.63

2013 85.0% $14.70 $14.02

2014 84.1% $15.25 $13.88

2015 84.3% $16.10 $13.52

2016 88.7% $15.13 $14.40

2017 89.1% $16.07 $14.57

2018 87.5% $15.01 $14.24

54 55

INDUSTRIAL PARKS

THE PORT OF CADDO-BOSSIER • 2,000-acre industrial park and inland multi-modal transportation and distribution center located

at the head of navigation on the Red River Waterway

• Unique location advantages allow the Port to provide businesses a link to domestic and international markets via the Mississippi River

• Nine-foot depth and 200-foot width channel maintained by the Army Corps of Engineers

• Houses more than 13 corporations

• Comprehensive rail network with rail links to Union Pacific main line rail, Kansas City Southern Railroad and Burlington Northern Santa Fe

• Foreign trade zone, U.S. Customs Port of Entry

• On-dock rail, roll-on/roll-off ramp and rail switch yard on-site with two locomotives for immediate rail car switching

COMMERCE INDUSTRIAL PARK • Owned jointly by Bossier Parish and the City of Bossier

• Managed by the Greater Bossier Economic Development Foundation

• 30 acres available for development

• Located at I-220 and Shed Road

• Rail service — Kansas City Southern Railroad

• City water and sewage

• Electric power — AEP/Southwestern Electric Power (AEP/SWEPCO)

• Natural gas — Centerpoint Energy, Inc.

Left: Mural in downtown Plain Dealing, Louisiana along the Boom or Bust Byway route.

Below: The Adventure Zipline at Gators & Friends in Greenwood, Louisiana


MSA 2019

56 57

INDUSTRIAL PARKS

VIKING DRIVE INDUSTRIAL PARK • Owned jointly by Bossier Parish and the City of Bossier

• Managed by the Greater Bossier Economic Development Foundation


• Located on Viking Drive West, 1/4 mile off Swan Lake Road

• Rail service — Kansas City Southern Railroad




• 1/2 mile to I-220 interchange and 1 1/2 miles to I-20 interchange

BENTON INDUSTRIAL PARK Bossier Parish

• Owned and operated by the Town of Benton

• 40-acre development

• Located on Industrial Drive in Benton, 1/2 miles off Hwy 3

• 16 miles north of I-20 and within 25 miles of I-49

• Rail Service — Union Pacific Railroad




• Primary tenants — Capro, Inc. and Elite RV

INDUSTRIAL PARKS

PLAIN DEALING INDUSTRIAL PARK Bossier Parish

• Owned and operated by the Town of Plain Dealing


• Located on Industrial Drive in Plain Dealing

• 20 miles north of I-220 and 25 miles from I-49

• Rail service — Union Pacific




• Fire Station Number 2 located in the park

RUBEN E. WHITE INDUSTRIAL PARK • Marketed by the Greater Bossier Economic Development Foundation

• Located on Shed Road approximately 1-mile south of I-220 and 1.5 miles north of I-20

• Four acres remain in the old portion of the park zoned for heavy industry; Rail Service: KCA

• City water & sewage; Electric: AEP-SWEPCO; Gas: CenterPoint Energy, Inc.

• Located in an Enterprise Zone

58 59

THE COORDINATING & DEVELOPMENT CORPOR ATION (CDC) • Services offered:

> Business/Entrepreneurial Development

> Business Investment and Finance

> Communications, including Broadband Connectivity and Fiber

> Community Development

> Economic Development

> Energy Conservation/Development and Natural Resources

> International Business Development

> Marketing and Industrial Development

> Planning and Management

> Public Works and Infrastructure

> Recreation and Tourism

> Technical Assistance

> Transportation Enhancements

> Workforce Development

LOUISIANA TECH UNIVERSIT Y TECHNOLOGY TR ANSFER CENTER • Provides liaison between industry and university researchers

• 20,000-square-foot facility capable of providing distance learning for area employers

• Located in Shreve Park Industrial Campus

NORTH SHREVEPORT INDUSTRIAL PARK • Owned jointly by the Caddo Parish Commission and the City of Shreveport

• Located at Louisiana Highway 173 and Roy Road in Northwest Shreveport, three miles from I-220

• 140-acre development zoned for heavy industry

• Rail service – Kansas City Southern Railroad

• City water and sewerage

• Electric power – AEP Southwestern Electric Power Company

• Natural gas: ArkLa, CenterPoint Energy

INTERTECH SCIENCE PARK • Urban science and technology park that supports new venture business development

for life science; information technology; digital media; and chemical, environmental and energy-related companies

• Division of the Biomedical Research Foundation

• Recognized by the Southern Growth Policies Board with their Innovator of the Year Award in Innovation and Technology in 2006

• 800-acre triangle bounded by I-20 and I-49

• Located between LSU Health Shreveport, CHRISTUS Shreveport-Bossier Health System and Willis-Knighton Health System

INDUSTRIAL PARKS INDUSTRIAL PARKS

60 61

SHREVE PARK INDUSTRIAL CAMPUS • Located in West Shreveport, 15 miles from the Texas border and 30 miles from

the Arkansas border

• Currently zoned 1-2, Heavy Industrial

• Owned by Greater Shreveport Chamber of Commerce

• 500-acre development

• Landscaped and lit roadway system

• City and water sewerage

• Electric power: AEP Southwestern Electric Power

• Natural gas: CenterPoint Energy

SHREVEPORT REGIONAL AIRPORT INDUSTRIAL PARK • Owned and operated by the Shreveport Regional Airport Authority

• 800 acres of prime land for development

• Central U.S. location makes the park readily accessible for any aircraft/aerospace-related industries requiring taxiways and ramp access

• Maintenance facilities are available for corporate planes and offices

• Aircraft rescue and firefighting facilities meet index E, the FAA’s highest requirement

• 24-hour emergency crews are on-site


• Electric power: EP Southwestern Electric Power

• Natural gas: CenterPoint Energy

• U.S. Customs Office on-site

WEST SHREVEPORT INDUSTRIAL PARK • Owned by the Caddo Parish Commission

• Located in West Shreveport, five miles from Shreveport Regional Airport

• 900-acre development zoned for heavy industry

• Rail service: Union Pacific Railroad


• Electric power: AEP Southwestern Electric Power

• Natural gas: CenterPoint Energy, ArkLa

OTHER PUBLICLY OWNED INDUSTRIAL PARKS Inside the MSA

• South Webster Industrial Park – Minden, LA

• North Webster Industrial Park – Springhill, LA

• Vivian Industrial Park – Vivian, LA

• Ward II Industrial Park – Vivian, LA

PRIVATELY OWNED INDUSTRIAL PARKS • Numerous sites and parks in the MSA

• Fully developed with all utilities

• Convenient to major highways

INDUSTRIAL PARKS INDUSTRIAL PARKS

62 63

Above: The Red River Revel at Shreveport's Festival Plaza

Sunflower Trail and Festival in Gilliam, LA


DEFENSE COMMUNIT Y

BARKSDALE AIR FORCE BASE • Largest employer in the Shreveport-Bossier MSA

• Largest single-site employer in Louisiana

• Annual payroll of $473.1 million

• Annual Economic Impact of $810.7 million

Employees • 5,462 active-duty military

• 1,048 reservists

• 2,742 civilians

Barksdale medical care, commissary and base-exchange services support: • 5,575 duty family members

• Over 40,000 retirees and their family members

Base land allocation • 4,000 acres of developed area

• 18,000 acres of undeveloped area with 1,400 acres of reclaimed wetlands

AIR FORCE GLOBAL STRIKE COMMAND (AFGSC)The AFGSC is currently assigned to the Barksdale Air Force Base just outside the Shreveport-Bossier area. The mission of the AFGSC is to develop and provide combat-ready forces for nuclear deterrence and global strike operations to support of the President of the United States and combatant commanders.

8TH AIR FORCEHeadquartered from the Barksdale base, the 8th Air Force is one of two active-duty numbered AFGSC air forces with a mission to safeguard America’s interests through strategic deterrence and global combat power. This mission gives the 8th Air Force the ability to deploy forces and engage enemy threats both from home station or forward positioned.

Source: Barksdale Air Force Base Public Affairs

MSA 2019

64 65

DEFENSE COMMUNIT Y

Source: Barksdale Air Force Base Public Affairs

2ND BOMB WINGThe 2nd Bomb Wing is the host unit at Barksdale Air Force Base. Their mission is to protect the nation and its global interests by providing devastating B-52 combat capability and unmatched expeditionary combat Airmen. The 2nd Bomb Wing is the oldest bomb wing in the Air Force.

307TH BOMB WINGThe 307th Bomb Wing is a unit assigned to the Air Force Reserve Command with the latest reactivation date of January 1, 2011. The 307th Bomb Wing operates the B-52H Stratofortress and employs approximately 1,700 Air Force Reserve personnel.

AIR FORCE NUCLEAR COMMAND, CONTROL & COMMUNICATIONS CENTER (NC3)The United States Air Force Nuclear Command, Control and Communications Center (USAF NC3 Center), established on October 1, 2016, is a sub-organization of Air Force Global Strike Command tasked to provide technical and operational support to maintain the health of communication links between the National Military Command Authority and the nuclear warfighters of the U.S. Air Force. Located at Barksdale Air Force Base, Louisiana, the NC3 Center has 236 personnel assigned and consists of five major directorates: Communications, Governance and Training, Logistics, Operations and Plans, Programs and Requirements.

MSA 2019

Barksdale Air Force Base Air Show

Barksdale Global Power Museum

66 67

CYBER COMMUNIT Y

Source: Cyber Innovation Center, Louisiana Economic Development and Louisiana Tech University

LOUISIANA’S HIGH-TECH TALENTWith its existing workforce and through strategic investments in higher-education programs, Louisiana is on the path to becoming one of the top states in computer science graduate production.

Technology companies in Louisiana have ready access to a skilled workforce that includes over 23,000 informational technology professionals. Software and digital media clusters are emerging around the state in Baton Rouge, New Orleans, Lafayette and Shreveport, bolstering Louisiana’s vision of a technology ecosystem.

Louisiana is committed to rapidly growing its current and future software workforce through investments totaling more than $38 million in the computer science and engineering departments of higher-education institutions across the state, including Louisiana State University, the University of Louisiana at Lafayette, the University of New Orleans, Louisiana Tech University, and the Louisiana Community and Technical College System. These investments were made in conjunction with project announcements in the state by CGI, CSRA, IBM, GE Capital and CenturyLink.

TECHNOLOGY INFR ASTRUCTUREIn recent years, Louisiana has taken giant strides in positioning itself as a large-scale IT, IT Sciences and Biosciences player.

A $40 million investment by the state in the Louisiana Optical Network Initiative (LONI) allowed for the connection of North Louisiana to have at least 5 supercomputers located at major research institutions around the state. The speed of which is 40 billion bits of data per second, allowing for the opportunity to play a major role in the National Lambda Rail (NLR).

Louisiana has made major research advancements in concert with the LONI by operating three IT Incubators in the state:

• Louisiana Tech University Technology Incubator (LTTI)

• Louisiana Technology Incubator for Entrepreneurial Success at the University of Louisiana at Lafayette

• Louisiana Business Technology Center

CYBER COMMUNIT Y

Source: Cyber Innovation Center, Louisiana Economic Development and Louisiana Tech University

CYBER INNOVATION CENTER (CIC)The Cyber Innovation Center (CIC), located in Bossier City, Louisiana, is the anchor of the 3,000-acre National Cyber Research Park and serves as the catalyst for the development and expansion of a knowledge-based workforce throughout the region. As a 501(c)(3) not-for-profit corporation, the CIC fosters collaboration among its partners and accelerates technology, research and development. One of its primary missions is to develop a sustainable knowledge-based workforce that can support the growing needs of government, industry and academia.

NATIONAL INTEGR ATED CYBER EDUCATION RESEARCH CENTER (NICERC)The Cyber Innovation Center houses its own National Integrated Cyber Education Research Center (NICERC), which focuses on academic outreach and workforce development through curriculum design, professional development and collaboration in K-12 education. One of NICERC’s objectives is to develop the cyber workforce needed both locally and nationally. Currently, teachers from all 50 states and two U.S. territories are accessing the CIC’s curricula, which also includes informal programs such as camps and robotics competitions. To date, over 4,500 teachers and 560,000 students across the country have been impacted by CIC’s formal and informal programs, and those numbers are expected to double by Fall 2017.

GENER AL DYNAMICS (FORMERLY CSR A) General Dynamics is a global aerospace and defense company. From Gulfstream business jets to submarines and wheeled combat vehicles to communications systems, people around the world depend on its products and services for their safety and security. General Dynamics is the anchor tenant in the National Cyber Research Park, which previously housed CSRA.

68 69

Who is Eligible for LED FastStart®?

LED FastStart’s innovative, customized programs are available to companies that meet eligibility requirements and are aligned with Louisiana’s economic development targets, including:

• Advanced and Traditional Manufacturing

• Digital Media

• Headquarters and Business Operations

• Research and Development

• Warehousing and Distribution

To qualify, a company must first commit to creating a net of at least 15 new, permanent jobs for manufacturing or distribution centers or a net of at least 50 new, permanent jobs for digital media, headquarters, R&D or inbound call center operations.

Each request is evaluated prior to project commencement to ensure all eligibility requirements are met.

OPPORTUNIT Y ZONESOpportunity Zones are a new community development program established by Congress in the Tax Cuts and Jobs Act of 2017. This new federal capital gains tax incentive program is designed to drive long-term investments to low-income communities. The new law provides a federal tax incentive for investors to reinvest their capital gains into Opportunity Funds, which are specialized vehicles dedicated to investing in designated low-income areas.

Shreveport-Bossier hosts eight designated Opportunity Zones.

LOUISIANA INDUSTRIAL AD VALOREM TA X E XEMPTION PROGR AM (ITEP)The Louisiana Industrial Ad Valorem Tax Exemption Program (ITEP) is an original state incentive program, which offers an attractive tax incentive for manufacturers who make a commitment to jobs and payroll in the state. With approval by the Board of Commerce and Industry and local governmental entities, the program provides an 80% property tax abatement for an initial term of five years and the option to renew for

BUSINESS & INDUSTRY INCENTIVES

Source: Louisiana Economic Development, September 2019Source: Louisiana Economic Development, September 2019

ENTERPRISE ZONE • Jobs-incentive program that provides Louisiana income and franchise tax credits to a new or

existing business located in Louisiana, creating permanent net new full-time jobs, and hiring at least 50% of those net new jobs from one of four targeted groups.

• Either a one-time $3,500 or $1,000 tax credit for each net new job created

• A 4% rebate of sales and use taxes paid on qualifying materials, machinery, furniture and/or equipment purchased or a 1.5% refundable investment tax credit on the total capital investment, excluding tax exempted items. The 4% or 1.5% rebate shall not exceed $100,000 per net new job.

• Program is open to Louisiana businesses (new or existing) that will:

> Create a minimum of five permanent net new full-time jobs within 24 months of their project start date or increase their current nationwide workforce by 10% within the first 12 months.

> New jobs must be filled by Louisiana residents.

> Hire 50% of the net new jobs created from one or more of the certification requirements from these targeted groups:

- Residents (Someone living in the Enterprise Zone within the state)

- People receiving an approved form of public assistance

- People lacking basic skills (Performing below a ninth grade proficiency in reading, writing or mathematics)

- People unemployable by traditional standards

• The Enterprise Zone program sunset date has been extended to July 1, 2021.

LED FASTSTART No. 1 State Workforce Development Program

Recognized for its innovation, effectiveness, flexibility and efficiency, LED FastStart® is the nation’s best state workforce training program, according to Business Facilities magazine.

FastStart provides customized employee recruitment, screening, training development and training delivery for eligible, new or expanding companies — all at no cost.


70 71

SOUND RECORDING INVESTOR Tax Credit Program

The Sound Recording Program, statutorily known as Sound Recording Investor Tax Credit, provides an 18% tax credit for sound recording projects made in the State of Louisiana. Louisiana also offers some of the world’s finest talent and great recording studios to complement the attractive financial benefits of recording in-state. Sound recording investor tax credits are issued as rebates. The Sound Recording Investor Program provides:

A project based production credit of 18% for eligible production expenditures.

Program is subject to a cap of $2.16 million per year. Projects are subject to a $100,000 cap, per year.

RESEARCH & DEVELOPMENT Tax Credit Program

• Encourages existing businesses with operating facilities in Louisiana to establish or continue research and development activities within the state

• Provides up to a 40% tax credit on qualified research expenditures incurred in Louisiana with no cap and no minimum requirement

• In order for credits to be awarded, a taxpayer must claim the expenditures within one year after December 31 of the year in which the expenditure was incurred.

• For tax years beginning July 1, 2018, the R&D credit is transferable ONLY for the SBIR and STTR participants.

• For tax years beginning July 1, 2017, the R&D credit rates are as follows:

> 1. SBIR and STTR: 30%

> 2. Companies with 0-49 employees: 30% with a 50% base calculation

> 3. Companies with 50-99 employees: 10% with an 80% base calculation

> 4. Companies with 100 or more employees: 5% with an 80% base calculation


Source: Louisiana Economic Development, September 2019



five additional years at 80% property tax abatement on a manufacturer’s qualifying capital investment related

to the manufacturing process in the state.

FOREIGN TR ADE ZONES • Louisiana's six Foreign Trade Zones make it possible to import materials and components into the U.S.

without paying duties until they enter the U.S. market.

• Goods shipped directly out of the country from FTZs are duty-free.

• Located at the Port of Caddo-Bossier

LOUISIANA QUALIT Y JOBS PROGR AMThe Quality Jobs, or QJ, program provides a cash rebate to companies that create well-paid jobs and promote economic development.

The program provides up to a 6% cash rebate of annual gross payroll for new direct jobs for up to 10 years.

Provides a state sales/use tax rebate on capital expenditures or a 1.5% project facility expense rebate on the total capital investment, excluding tax-exempt items.

Who is eligible for the Quality Jobs Program?

Bioscience, Manufacturing, Software, Clean Energy Technology, Food Technology, Advanced Materials, Headquarters of Multi-State Businesses, Aircraft MROs or Oil & Gas Field Service

RESTOR ATION TA X ABATEMENT • Provides an up to 10-year abatement of ad valorem property taxes on the renovations and

improvements of existing commercial structures and owner-occupied residences

• Open to all Louisiana businesses and homeowners with existing structures to be expanded, restored, improved or developed in qualifying locations

• Five-year contract; option for a five-year renewal with local governing-authority approval

72 73



MUSIC JOB CREATION PROGR AM Tax Credit Program

The Music Job Creation Program provides a tax credit on annual W-2 wages to music industry-related companies (known as a Qualified Music Company or “QMC”) that create well-paid jobs for Louisiana residents.

The program provides a 10% credit for each new job whose QMC payroll is equal to or greater than $35,000 per year, up to $66,000 per year; and

Provides a 15% credit for each new job whose QMC payroll is equal to or greater than $66,000 per year,

but no greater than $200,000 per year.

MOTION PICTURE PRODUCTION PROGR AM Tax Credit Program

For applications received on or after July 1, 2017, Louisiana’s Motion Picture Production Program,

statutorily known as Motion Picture Production Tax Credit, provides motion picture productions up to a

40% tax credit on total qualified in-state production expenditures, including resident and non-resident

labor.

Provides up to a 40% tax credit (25% base credit; 10% increase for Louisiana screenplay productions,

5% increase if outside of the New Orleans Metro Statistical Area).

• $50,000 minimum in-state expenditure requirement for Louisiana screenplay productions

• $300,000 minimum in-state expenditure requirement on all other eligible productions

• The maximum amount of credits that can be issued is $150 million per fiscal year.

• The maximum amount of credits that can be claimed is $180 million per fiscal year.

• Tax credits may be used to offset personal or corporate income tax liability in Louisiana.

• Tax credits may be transferred back to the State for 90% of face value (requires a 2% transfer fee

which results in an 88% net).

ANGEL INVESTOR Tax Credit Program

• Provides a 25% tax credit on investments by accredited investors who invest in businesses certified by Louisiana Economic Development as Louisiana Entrepreneurial Businesses (LEB)

• Credit limited to $3.6 million cap for program

• Allows investments of $720,000 per business per year and $1.44 million per business over the life of the program

• The program sunsets on July 1, 2021 (no credits granted or reserved after that date).

• Investment in a business will qualify for the tax credit only if the business is domiciled in Louisiana, has less than 50 employees, has annual gross sales of less than $10 million or has a net worth of less than $2 million, has its principal business operations in Louisiana, derives more than 50% of its sales from outside Louisiana, and prior to the investment was approved by the State.

• Businesses engaged primarily in retail sales, real estate, professional services, gaming or gambling, natural resource extraction or exploration, or financial services do not qualify under the program.

• Administered by the State and Department of Economic Development

DIGITAL INTER ACTIVE MEDIA AND SOF T WARE PROGR AM Development Incentive

Louisiana’s Digital Interactive Media and Software Program, statutorily known as Digital Interactive Media and Software Tax Credit (the strongest of its kind in the nation) is helping innovative digital media and software development companies of all sizes gain a competitive edge.

Provides a 25% tax credit on qualified payroll for in-state labor and 18% for qualified production expenditures.

No cap and no minimum requirement.

Tax credit can be applied to state income tax liability, and the state will refund any overages OR applicants can opt for 85% of the value earned as a rebate any time during the year.



74 75

TA XES

Source: City of Bossier, City of Shreveport, Louisiana Association of Tax Administrators, Louisiana Department of Revenue

LOUISIANA CORPOR ATE INCOME TA X RATES • Federal income taxes are an allowable deduction in computing Louisiana taxable income.

The tax structure is:

> 4% on the first $25,000 of net income

> 5% on the next $25,000

> 6% on the next $50,000

CORPOR ATE FR ANCHISE TA X • Franchise tax is assessed on the value of all real and personal property in the state, or the amount

of issued and outstanding capital stock, surplus, undivided profits and borrowed capital.

• The rate is:

> $1.50 per $1,000, or major fraction thereof up to $300,000 of capital employed in Louisiana

> $3.00 per $1,000, or major fraction thereof in excess of $300,000 of capital employed in Louisiana

PERSONAL INCOME TA X Effective January 1, 2009

• Tax rates for individuals filing single, married filing separately or head of household are:

> 2% of the first $12,500

> 4% of the next $37,500

> 6% of taxable income over $50,000

> 7% on the next $100,000

> 8% on the excess over $200,000

• Married or filing jointly or qualified surviving spouse:

> 2% of first $25,000

> 4% of next $75,000

> 6% of over $100,000

TA XES

Source: City of Bossier, City of Shreveport, Louisiana Association of Tax Administrators, Louisiana Department of Revenue, Caddo Parish Assessors Office

PROPERT Y TA X • Industrial and commercial improvements are assessed at 15% of the fair market value.

• Land and residences are assessed at 10% of the fair market value.

• $75,000 parish homestead exemption is allowed on residences occupied by the owner.

• 2018 Bossier City millage rate: 23.36 mills

• 2018 Benton millage rate: 13.78

• 2018 Haughton millage rate: 13.280

• 2018 Consolidated Bossier Parish millage rate: 124.58 mills

• 2018 Parish-wide millage rate (Average): 114.2 mills

• Total Caddo Parish-wide tax: 131.80 Mills

• City of Shreveport: 33.65 mils

• Oil City: 21.45 mils

• Vivian: 21.57 mils

• Blanchard: 9.34 mils

• Greenwood: 9.95 mils

SALES/USE TA X • 4.45 % Louisiana state sales tax

• City sales and use tax

> Bossier City — Effective July 1, 2018

> 2.50% City of Bossier sales tax

76 77

TA XES

Source: City of Bossier, City of Shreveport, Louisiana Association of Tax Administrators, Louisiana Department of Revenue, Caddo Parish Assessors Office

> 1.75% School board sales tax

> 0.50% Bossier Parish Police Jury sales tax

> 0.25% Law enforcement sales tax

> 5.00% Total

• Benton, Haughton and Plain Dealing — Effective July 1, 2018

> 2.50% City of Bossier sales tax


> 0.75% Bossier Parish Police Jury sales tax


> 5.25% Total

• Shreveport — Effective July 1, 2018

> 2.75% City of Shreveport sales tax



> 4.60% Total

UNEMPLOYMENT INSUR ANCE TA X • Taxable base is $7,700 per employee

• Standard rate range is 0.10% to 6.2%

• Rate for new employers is the average rate for the particular industry.

• Maximum unemployment weekly benefit is half of the claimant’s previous wage for 26 weeks.

UTILIT IES

ELECTRIC POWER • Provided by AEP Southwestern Electric Power Company (AEP/SWEPCO)

• Serving more than 530,000 customers in the Ark-La-Tex

NATUR AL GAS • Provided by CenterPoint Energy, Inc.

WATER • Supplied by the City of Bossier

• 50,000,000 gpd water plant capacity

• 8,000,000 to 12,000,000 gpd average daily consumption

• 23,000,000 gpd peak consumption

• 6,000,000 gpd storage capacity

• 7,500,000 gpd elevated storage capacity

• 75-85 psi pressure in mains

Source: AEP SWEPCO

SWEPCO STATE AVERAGE NATIONAL AVERAGE

Commercial 7.69 ¢/kWh 9.91 ¢/kWh 13.35 ¢/kWh

SWEPCO average Commercial rate is 2.4% less expensive than the state average, 35.9% less than the national average.

Industrial 7.41 ¢/kWh 7.88 ¢/kWh 10.26 ¢/kWh

SWEPCO average Industrial rate is 1.5% less expensive than the state average, 33.1% less than the national average.

78 79

SEWER • Supplied by the City of Bossier

• Activated sludge extended aeration treatment plants: Red River & Northeast Treatment Plants

• 11,000,000 gpd average daily load

• 18,000,000 gpd design capacity

TELECOMMUNICATIONS • Local services provided by AT&T and Suddenlink

• AT&T Services:

> Over 20 traditional calling features, long-distance calling, keep your current telephone

number, bundled services

• Suddenlink Services:

> Unlimited long-distance, bundled services, keep your existing telephone number

UTILIT IES

Chris Stapleton performs at Century Link Center

MSA 2019

Cypress Black Bayou

710 Benton Road • Bossier City, L A 71111

318.742.6043 • w w w.GBEDF.org

2o19 economic information & statistics -...

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