1 / 25

LCA/LCIA Board December 13, 2012

Louisiana Chemical Industry Economic Impact. LCA/LCIA Board December 13, 2012. Dr. Loren C. Scott Loren C. Scott & Associates, Inc. The Industry. Chemical Manufacturing (NAICS 325) Plastics & Rubber Manufacturing (NAICS 326). The Data. 2010-2012 Constrained by source. Rank In Country.

arva
Download Presentation

LCA/LCIA Board December 13, 2012

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Louisiana Chemical Industry Economic Impact LCA/LCIA Board December 13, 2012 Dr. Loren C. Scott Loren C. Scott & Associates, Inc.

  2. The Industry Chemical Manufacturing (NAICS 325) Plastics & Rubber Manufacturing (NAICS 326)

  3. The Data 2010-2012 Constrained by source

  4. Rank In Country

  5. Makeup in Louisiana

  6. The International Connection

  7. Employment Largest Manufacturing Employers in LA in 2011 26,944* jobs

  8. Distribution of Employment:2012-I • Six parishes with 1,500+ • 1. Calcasieu – 3,962 • 2. Iberville – 3,287 • 3. EBR – 3,192 • 4. Ascension - 3,061 • 5. St. Charles – 2,236 • 6. Jefferson – 1,809 • 53 of 64 parishes record at least some employment in the industry

  9. The Earnings Side

  10. Average Weekly Wage in Manufacturing • Chemicals Manufacturing* $1,761 • Petroleum Manufacturing $1,971 • Plastics/Rubber $ 970 • Average Manufacturing $1,201 • Average Louisiana $ 816 • 47% higher than manufacturing average • 116% above average wage of ALL workers in Louisiana

  11. Distribution of Earnings: 2012-I • Top 4 • EBR - $470.2 mm • Ascension - $378.8 mm • Calcasieu - $364.9 mm • Iberville - $361.1 mm

  12. Value Added: 2010 • Manufacturing $57.1 billion 100% • Chemicals* $22.0 billion 38.6% #1 • Refining $18.9 billion 33.1% #2 • Food $ 4.3 billion 7.5% #3 • Plastics/Rubber $ 0.5 billion 0.9% #10

  13. The TOTAL Impact Adding in the multiplier effect

  14. Total Impacts - 2010 • Business Sales: $52.6 billion • Household Earnings: $ 8.9 billion • 7.3% of all earnings in LA • 167,843 jobs • Means average wage of all jobs = $53,225 • Job multiplier of 6.2 • Big gainers • Manufacturing 52,279 • Retail 16,868 • Healthcare 15,104 • 6 others with 5,000+

  15. Tax Impacts • State Taxes: 2010 • Corp. Franchise: $15,947,077 • Corporate Income: 0 • Direct Sales Taxes: ? • Indirect Taxes: $625,345,000 • Total:$641,292,077

  16. Tax Impacts • Local Government Taxes • Property Taxes: $140,619,090* • Direct Sales Taxes: ? • Indirect Taxes: 393,074,000 • Total $533,693,090

  17. TYITE • In Force – 2011: $54.8 bill • To Chemicals: $30.6 bill • Chemicals Expiring 2012-16: $6.4 bill

  18. Do Dominant TYITE Parishes Suffer?

  19. Do Dominant TYITE Parishes Suffer?

  20. Civic Impacts • ExxonMobil & employees: $1.5 million to United Way • About 11% of UW collections • #1 giver in region • ExxonMobil volunteers: 40,000 hours and $715,000 in involvement grants to local non-profits • ExxonMobil Foundation: $1.8 million to LSU and Southern • Total: $5 million in contributions to Baton Rouge area non-profits & schools

  21. Louisiana Chemical Industry Economic Impact LCA/LCIA Board December 13, 2012 Dr. Loren C. Scott Loren C. Scott & Associates, Inc.

More Related