Louisiana Chemical Association
Louisiana Chemical Industry Alliance |
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The
Overall Goal of the Eight Point Plan:
A competitive business environment that promotes chemical
industry retention and growth
Introduction: Getting to Know Us
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Make Louisiana Competitive: It’s All About Energy
- Make
Louisiana Competitive: Government’s Role
- Make
Louisiana Competitive: Level the Taxation Playing
Field
- Make
Louisiana Competitive: Workforce Development
- Make
Louisiana Competitive: Grow Research and Development
Partnerships
- Make
Louisiana Competitive: Improve Critical Infrastructure
- Make
Louisiana Competitive: Lead the Way in Health, Safety,
Security and Environment
- Make
Louisiana Competitive: Reduce Hidden Costs
Conclusion
It’s What Good Neighbors Do – We Live Here
Too!
March 2006
The Louisiana Chemical Association (LCA), founded in 1959,
is a statewide group consisting of nearly 70 chemical
manufacturers. The Louisiana Chemical Industry Alliance
(LCIA), founded in 1989, is an organization consisting
of these same chemical companies and several hundred suppliers,
contractors and vendors.
Introduction: Getting to Know Us
The state’s chemical industry is the largest single
employer in the manufacturing sector. Chemical companies
in the state and their suppliers and contractors provide
thousands of jobs and pump billions of dollars into the
economy. Nearly 26,000 Louisianans are directly employed
in the chemical industry at an average annual salary of
$73,200, and that does not include the thousands of contract
and maintenance employees that work at the plants year
round. The Louisiana chemical industry employees are among
the best paid in the state, earning 53 percent more than
the state’s manufacturing average and 206 percent
more than the state’s average wage.
But the industry creates a far greater economic ripple. In
addition to the nearly 26,000 jobs directly created by the
Louisiana chemical industry, for every chemical industry
job in Louisiana, 5.2 jobs are created in the state, a
total of approximately 135,000 additional jobs.
In Louisiana alone, these
jobs generate $5.9 billion in earnings and $125 million in
state and local taxes on personal income.
But
it does not stop there. The Louisiana chemical industry
is one of the state’s largest taxpayers and our
economic activity significantly impacts the state coffers.
The state treasury receives more than $475 million yearly.
Local governments receive more than $315 million annually
due to household earnings generated directly and indirectly
by the chemical industry.
Additionally,
the Louisiana chemical industry is serious about buying
local and supporting Louisiana businesses, vendors and
suppliers. Over a billion dollars is spent in Louisiana
annually with Louisiana suppliers.
The
impact the chemical industry has on Louisiana’s
economy is unquestioned. While the economic impact is
significant, the essentiality of our business is just
as significant. The Louisiana chemical industry touches
the lives of Louisianans every day with the products
it enhances and produces – from the nitrogen in
potato chip bags that extend shelf life, to pacemakers
that aid ailing hearts, to stronger golf clubs and balls.
Take a look around you. Try to identify a product that
is not made from chemistry. It’s impossible. Chemistry
makes virtually everything possible!
The
Louisiana chemical industry is Essential – essential
to the state’s economic growth and development,
and essential to the everyday lives of all Louisianans.
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