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2O18 ECONOMIC INFORMATION & STATISTICS Bossier City, Bossier Parish and the Shreveport/Bossier MSA 2018 STAFF CONTACT INFORMATION FROM THE DESK OF THE CHAIRMAN DAVID R. “ROCKY” ROCKETT JR. GINGER COLLIER Executive Director Director of Communication 318.742.6043 318.742.6043 [email protected] [email protected] JESSICA MONK As many people in our Bossier Community could tell you, growth and Foundation Manager & Executive Assistant progress are visibly evident in a big way here in Northwest Louisiana. The 318.742.6043 economic data provided in this report clearly supports that view. We are [email protected] 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. 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, Ian McElroy Chairman 2 3 TABLE OF CONTENTS TABLE OF CONTENTS MAJOR CITIES MAP ............................................. 6 Railroads ..............................................................23 Business Firms ...................................................40 CYBER COMMUNITY ........................................... 57 POPULATION RADIUS MAP .................................. 7 CLIMATE ............................................................. 24 Percentage of Employment in Business Cyber Innovation Center ....................................57 Establishments by Industry ............................... 41 National Integrated Cyber Education INTERSTATE HIGHWAYS MAP .............................. 8 Annual Precipitation ............................................25 Average Temperatures .......................................26 Major Employers .................................................42 Research Center (NICERC) ................................57 FOUR-PARISH MAP .............................................. 9 General Dynamics (Formerly CSRA) .................57 RECREATION & THE ARTS ................................. 27 WORKFORCE ...................................................... 43 COST OF LIVING ................................................. 10 Louisiana's High-Tech Talent .............................58 NCAA Collegiate Bowl .........................................27 Labor Force Growth ............................................43 ACCRA Cost of Living Index ................................10 Technology Infrastructure .................................58 Festivals ..............................................................27 Average Payroll Employment .............................44 Home Price Comparison ..................................... 11 Performing Arts ..................................................28 MSA Average Non-Farm Employment ...............44 BUSINESS & INDUSTRY INCENTIVES ................ 59 POPULATION & DEMOGRAPHICS .......................12 Galleries & Museums ..........................................28 Occupational Employment & Wage Rates .........45 Enterprise Zone ...................................................59 Bossier City..........................................................12 Public Venues ......................................................29 CONSTRUCTION & REAL ESTATE ...................... 46 Louisiana Industrial Ad Valorem Population Change ...........................................12 Casino Gaming .....................................................29 Value of Bossier City Tax Exemption Program (ITEP) ..........................60 Percent of Population by Age Group ................12 Racing ..................................................................29 Commercial Construction...................................46 Foreign Trade Zones ...........................................60 Ethnicity Composition ......................................12 Outdoor Recreation .............................................30 Value of Bossier City Louisiana Quality Jobs Program ........................60 Gender Composition .........................................12 Golf Courses ........................................................30 Residential Construction ....................................46 Restoration Tax Abatement ................................ 61 Bossier Parish .....................................................13 Tennis ...................................................................31 Industrial Building Prices ...................................47 Downtown Development Area Population Change ...........................................13 Other Attractions .................................................31 Industrial Market .................................................48 Permit Fee Waiver ...............................................62 Percent of Population by Age Group ................13 Louisiana Boardwalk ..........................................31 Office Market .......................................................49 Sound Recording Investor Ethnicity Composition ......................................13 Tax Credit Program .............................................62 HEALTHCARE ..................................................... 32 INDUSTRIAL PARKS .......................................... 50 Gender Composition .........................................13 Research & Development BRF .......................................................................33 The Port of Caddo-Bossier .................................50 Benton, Haughton & Plain Dealing .....................14 Tax Credit Program .............................................62 CHRISTUS Bossier ER .........................................33 Commerce Industrial Park .................................50 Population Change ...........................................14 Musical and Theatrical Production CHRISTUS Highland Medical Center ..................33 Viking Drive Industrial Park................................51 Ethnicity Composition ......................................15 Tax Incentive Program ........................................63 Overton Brooks VA Medical Center ....................33 Benton Industrial Park ........................................51 Gender Composition .........................................15 Motion Picture Investor Tax Shriners Hospital for Children ...........................34 Plain Dealing Industrial Park .............................52 Percent of Population by Age Group ................15 Credit Program....................................................64 Ochsner LSU Health Shreveport ........................34 Ruben E. White Industrial Park ..........................52 Angel Investor Tax Credit Program ....................64 HOUSEHOLDS ..................................................... 16 Willis-Knighton Health System ..........................34 The Coordinating & Development Bossier City..........................................................16 Digital Interactive Media & EDUCATION ........................................................ 35 Corporation (CDC) ...............................................53 Median Household Income with Forecast .......16 Software Development Incentive .......................65 Elementary & Secondary Education ..................35 Louisiana Tech University Technology Percentage of Household by Income ...............17 TAXES................................................................. 66 Institutions for Higher Learning .........................35 Transfer Center ...................................................53 Bossier Parish .....................................................18 Louisiana Corporate Income Tax Rates .............66 Population 25+ by Educational Attainment ........36 Other Publicly Owned Industrial Parks Median Household Income with Forecast .......18 Inside the MSA .....................................................54 Corporate Franchise Tax.....................................66 JOB TRAINING PROGRAMS ................................ 38 Percentage of Household by Income ...............19 Privately Owned Industrial Parks ......................54 Personal Income Tax ...........................................66 Workforce Investment Act ..................................38 Property Tax ........................................................67 ECONOMIC INDICATORS .................................... 20 DEFENSE COMMUNITY ..................................... 55 Incumbent Worker Training Program ................38 Sales/Use Tax ......................................................67 Annual