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 Retail Sales...... 20 Barksdale Air Force Base...... 55 Louisiana Workforce Development Unemployment Insurance Tax...... 68 TRANSPORTATION...... 21 & Training Program...... 39 Air Force Global Strike Command (AFGSC)...... 55 UTILITIES...... 69 Airports...... 21 Strategies to Empower People (STEP)...... 39 8th Air Force...... 55 Road Transportation...... 22 2nd Bomb Wing...... 56 Electric Power...... 69 BUSINESS ENVIRONMENT...... 40 Motor Freight Service ...... 22 307th Bomb Wing...... 56 Natural Gas...... 69 Bond Ratings...... 40 Public Transportation ...... 22 Air Force Nuclear Command, Control & Water...... 69 Fire Rating...... 40 Port of Caddo-Bossier...... 23 Communications Center (NC3)...... 56 Sewer...... 69 Telecommunications...... 70 4 5 MAJOR CITIES MAP POPULATION RADIUS MAP
Chicago 35
Des Moines Kansas City 80 70 St. Louis Omaha 74 55 70 80 35 55 72 Wichita 44 57 Kansas City 864 miles 40 70 St. Louis 49 Nashville 70 35 500 miles Tulsa 24 75
547 miles 55 Oklahoma City Memphis 65 44 4O Wichita 24 4O Little Rock 4O 59 Nashville 44 55 35 Tulsa 571 miles 65 69 85 3O 20 Oklahoma City 250 miles Memphis 4O Dallas Shreveport Montgomery 4O 4O Fort Worth 44 20 20 Jackson 393 miles 55 Arlington Birmingham 20 449 miles 49 59 349 miles 10 35 55 20 45 69 189 miles 12 10 10 Jackson Austin 10 20 Dallas Bossier City New Orleans 317 miles 55 10 Houston 59 San Antonio 315 miles 35 49 45 12 10 69 10 Austin 239 miles 10 35 37 2018 CENSUS (ESTIMATED) FIGURES Houston New Orleans 10 Corpus Christi San Antonio Radius Population 100 miles 2 million 37 Corpus Christi 200 miles 13.3 million 300 miles 34.4 million NOTE: All mileage noted represents MapQuest highway driving distances.
6 Source: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2018 and 2023. 7 INTERSTATE HIGHWAYS MAP FOUR-PARISH MAP
35 371 94 39 Toledo Cleveland 71 29 90 Chicago 80 30 88 76 75 Arkansas Des Moines 80 71 79 80 Omaha 39 55 74 65 70 Indianapolis 59 80 74 35 72 70 Cincinnati 2 57 64 Kansas City 70 70 St. Louis Louisville Webster 70 64 170 65 75 Texas 157 Bossier Wichita 55 44 24 Nashville 40 Caddo 220 49 80 20 35 Tulsa 24 75 65 Shreveport Oklahoma City 4O Memphis 85 4O Little Rock 4O 59 44 Atlanta 20 55 69 20 85 16 167 3O 171 Fort Worth Dallas Shreveport Montgomery 20 20 Jackson Arlington 75 20 49 59 Jacksonville De Soto 49 10 35 55 10 45 69 1 12 10 84 10 Austin 10 New Orleans 84 95 10 Houston San Antonio 4 Tampa 69 37 91 35 75 Corpus Christi Miami
Proposed Interstates 3-Parish MSA U.S. Interstate Webster Parish U.S. Highway State Highway
8 9 COST OF LIVING COST OF LIVING
ACCRA COST OF LIVING INDEX HOME PRICE COMPARISON Shreveport-Bossier City Metropolitan Area
Greater Shreveport-Bossier City area offers a wide selection of housing. The Council for Community and Economic Research (C2ER) produces the ACCRA Cost of Living Index to Figures below represent new, mid-management homes with approximately 2,400-square-foot living provide a useful and reasonable accurate measure to compare cost of living differences among urban area in a new house: 8,000-square-foot lot, 4 bedrooms, 2 baths. 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 Index and average prices are based on 2017 annual average data. 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: San Antonio, TX 2 8 Grocery (13.61%), Housing (27.59%), Utilities (10.06%), Transportation (9.59%), Healthcare (4.00%) and Springfield, MO 2 8 Miscellaneous (35.15%). Lafayette, LA 2 1 Index and average prices are based on 2017 annual average data. Huntsville, AL 2 2
Augusta, GA 2 Hattiesburg, MS 82 Oklahoma City, OK 8 8 Fort Wayne, IN 2 1 1 Springfield, MO 88 1 Evansville, IN 2 2 12 San Antonio, TX 88 8 Rochester, NY 2 8 08 Lafayette, LA 0 Shreveport-Bossier City, LA 0 Springfield, IL 2 2 1 Dayton, OH 0 8 Montgomery, AL 28 Kansas City, MO 1 Shreveport-Bossier City, LA 2 2 0 Augusta, GA 1 Montgomery, AL 2 Wilmington, NC 2 2 Monroe, LA 2 Austin, TX 01 Huntsville, AL 1 Lake Charles, LA 0 0 Richmond, VA Little Rock, AR Houston, TX 0 Austin, TX Bethesda, MD 2 Rochester, NY 8 Los Angeles, CA 8 2 Houston, TX 8 1 Cleveland, OH 101 1 Washington, D.C. 8 0 Bethesda, MD 1 0 2 200 000 2 0 000 00 000 0 000 00 000 00 000 0 000 800 000 8 0 000 Los Angeles, CA 1 8 HOME PRICE Washington, D.C. 1 80 8 0 100 1 0
PERCENTAGE
10 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 11 POPULATION & DEMOGRAPHICS POPULATION & DEMOGRAPHICS
BOSSIER CITY BOSSIER PARISH
POPULATION CHANGE 1990 – 2018 WITH PREDICTED FORECAST 2018 ETHNICITY COMPOSITION POPULATION CHANGE 1990 – 2018 WITH PREDICTED FORECAST 2018 ETHNICITY COMPOSITION 10 8 1 8 1 1 2023 2023 22 2 8 1 1 011
2018 2018 0 8 0 Caucasian 12 1 Caucasian 2015 African–American 2015 African–American Other Races Other Races 1 22 11 2010 2018 GENDER COMPOSITION 2010 2018 GENDER COMPOSITION 2000 1 2000 8
1 1 2 28
1990 8 088 1990
0 10 000 20 000 0 000 0 000 0 000 0 000 0 000 80 000 0 20 000 0 000 0 000 80 000 100 000 120 000 1 0 000 1 0 000 Female Female POPULATION POPULATION Male Male
2018 PERCENT OF POPULATION BY AGE GROUP 2018 PERCENT OF POPULATION BY AGE GROUP Bossier City U.S. Bossier Parish U.S. 18 1 18 1 1 1 1 1 1 1 1 2 1 12 12 8 1 1 12 1 2 1 12 12 8 1 11 1 12 1 11 8 12 10 12 10 10 8 8 1 8 2 2
PERCENTAGE PERCENTAGE 2 2 2 2 2 1 0 0 0–4 5–9 10–14 15–24 25–34 35–44 45–54 55–64 65–74 75–84 85+ 0–4 5–9 10–14 15–24 25–34 35–44 45–54 55–64 65–74 75–84 85+ AGE GROUPS AGE GROUPS
Note: 2018, 2023 forecasted through ESRI. Note: 2018, 2023 forecasted through ESRI. 12 Source: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2018 and 2023. ESRI converted Census 2000 data into 2010 geography. Source: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2018 and 2023. ESRI converted Census 2000 data into 2010 geography. 13 POPULATION & DEMOGRAPHICS POPULATION & DEMOGRAPHICS
BENTON, HAUGHTON & PLAIN DEALING 2018 ETHNICITY COMPOSITION BENTON HAUGHTON PLAIN DEALING
2 POPULATION CHANGE 2000 – 2018 WITH PREDICTED FORECAST 20
2 0 2 0 Caucasian African–American
2023 1 000 Other Races
2 1
2018 GENDER COMPOSITION 2018 1 010 BENTON HAUGHTON PLAIN DEALING
2 1 2 2015 Female 8 Male 1 8
2010 1 01 2018 PERCENT OF POPULATION BY AGE GROUP Benton Haughton Plain Dealing 2 0 18 1 1 2 1 1 1 1 1 1 12 12 1 2 2 11 12 12 12 12 12 Benton 12 10 10 10 2000 10 8 1 0 1 8 2 8 Haughton
PERCENTAGE 2 000 1 0 1 000 2 000 000 000 2 1 1 Plain 0 Dealing 0–4 5–9 10–14 15–24 25–34 35–44 45–54 55–64 65–74 75–84 85+ POPULATION AGE GROUPS
Note: 2018, 2023 forecasted through ESRI. Note: 2018, 2023 forecasted through ESRI. 14 Source: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2018 and 2023. ESRI converted Census 2000 data into 2010 geography. Source: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2018 and 2023. ESRI converted Census 2000 data into 2010 geography. 15 HOUSEHOLDS HOUSEHOLDS
BOSSIER CITY
MEDIAN HOUSEHOLD INCOME 1990 – 2018 WITH PREDICTED FORECAST 2018 PERCENTAGE OF HOUSEHOLD BY INCOME
80 000 20 18 1 0 000 2 1 1 1 12 8 0 000 8 100 12 12 12 11 2 11 8 11 11 8 2 2 2 1 2 0 10 0 000 8 28 8 2 2
PERCENTAGE 0 000 1 INCOME 8 2 8 0 102 0 000 2 0 Less than $15,000 to $25,000 to $35,000 to $50,000 to $75,000 to $100,000 to $150,000 to $200,000+ 20 000 $15,000 $24,999 $34,999 $49,999 $74,999 $99,999 $149,999 $199,999
Bossier City U.S. 10 000
0 1 0 2000 2010 201 201 2018 202
Bossier City U.S.
Note: 2018, 2023 forecasted through ESRI. 16 Source: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2018 and 2023. Source: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2018 and 2023. 17 HOUSEHOLDS HOUSEHOLDS
BOSSIER PARISH
MEDIAN HOUSEHOLD INCOME 1990 – 2018 WITH PREDICTED FORECAST 2018 PERCENTAGE OF HOUSEHOLD BY INCOME
80 000 20
1 8 1 0 000 2 1 1 1 1 1 0 000 12 8 12 8 12 8 100 18 11 11 2 2 0 11 2 2 1 2 10 10 0 000 28 8 2 2
PERCENTAGE 0 000 1 INCOME 0 102 0 000 2 0 Less than $15,000 to $25,000 to $35,000 to $50,000 to $75,000 to $100,000 to $150,000 to $200,000+ 20 000 $15,000 $24,999 $34,999 $49,999 $74,999 $99,999 $149,999 $199,999
Bossier Parish U.S. 10 000
0 1 0 2000 2010 201 201 2018 202
Bossier Parish U.S.
Note: 2018, 2023 forecasted through ESRI. 18 Source: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2018 and 2023. Source: U.S. Census Bureau, Census 2010 Summary File 1. ESRI forecasts for 2018 and 2023. 19 ECONOMIC INDICATORS TRANSPORTATION
ANNUAL RETAIL SALES AIRPORTS FOR THE SHREVEPORT-BOSSIER MSA • Shreveport Regional Airport
> The airport is served by four airlines to seven major destinations. 2017 ESTIMATED RETAIL SALES - Allegiant Airlines – With service to Las Vegas and seasonally to Orlando/Sanford
CITY OF BOSSIER PARISH BOSSIER CITY CADDO PARISH - American Airlines – With service to Charlotte and Dallas/Fort Worth SHREVEPORT - Delta Air Lines – With service to Atlanta JANUARY $237,164,057 $186,231,000 $481,750,710 $427,832,764
FEBRUARY $180,402,057 $134,963,440 $368,190,401 $322,520,683 - United Airlines – With service to Denver and Houston
MARCH $183,861,314 $138,383,240 $379,645,591 $326,158,750 > Combined, there are more than 40 daily scheduled arriving and departing flights among the
APRIL $227,200,971 $170,208,240 $456,292,937 $398,992,716 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 MAY $200,293,428 $152,879,480 $385,370,930 $332,761,891 through one-stop service at one of the cities listed above. JUNE $211,599,314 $155,550,320 $416,431,955 $356,720,582
JULY $221,102,800 $164,090,360 $450,305,242 $382,791,055
AUGUST $208,570,286 $156,232,600 $412,950,134 $349,902,317 • Downtown Shreveport Airport
SEPTEMBER $208,121,943 $147,041,160 $432,579,267 $362,711,782 > General aviation/reliever airport
OCTOBER $208,159,714 $156,311,320 $428,227,067 $359,467,891 > Houses privately owned and corporate aircraft
NOVEMBER $212,835,600 $157,562,320 $431,749,667 $366,911,818 > Houses aircraft maintenance and modification companies DECEMBER $192,087,314 $141,443,440 $411,747,333 $354,597,273 > Southern University Shreveport airframe and power plant mechanics certification school ANNUAL TOTAL $2,491,398,798 $1,860,896,920 $5,055,241,234 $4,341,369,522 > Primary runway is 5,000 feet COMBINED PARISH & $4,352,295,718 $9,396,610,756 CITY ANNUAL TOTAL
TOTAL ANNUAL RETAIL SALES FOR THE SHREVEPORT/BOSSIER MSA $13,748,906,474
Retail figures do not include motor vehicle sales.
20 Source: Greater Bossier Economic Development Foundation 21 TRANSPORTATION TRANSPORTATION
ROAD TRANSPORTATION PORT OF CADDO-BOSSIER
• Greater Bossier metro area is served by 3 Interstate Highways: I-49, I-20 & I-220 • Port of Entry for Foreign Trade Zone and U.S. Customs
• Louisiana Transportation Trust Fund was established in 1989. • Industrial Park: Port owns approximately 2,300 acres in Caddo and Bossier parishes along the
> All taxes levied on fuels are invested in the trust fund. Red River, with 220 acres dedicated to maritime infrastructure: land for lease/development.
> Funds are dedicated for: • General cargo and liquid wharves - Construction & maintenance of roads and bridges of the state and federal highways • 3,200-foot-long slack water harbor and 850-foot-long launch basin, 12-foot draft. - State Flood Control Program Service: Terminal slots available. - Ports, airports, transit, state police for traffic control • River Navigation: 9-foot depth and 200-foot width channel maintained by the - Parish Transportation Fund Army Corps of Engineers • On-dock rail & roll-on/roll-off ramp MOTOR FREIGHT SERVICE • Comprehensive rail network and three locomotive switch engines • Daily service by Union Pacific Railroad with local connections to Kansas City Southern • 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 RAILROADS SERVING THE REGION connects Shreveport to I-10 (east-west) in South Louisiana. • Kansas City Southern Railroad (KCS) • Overnight delivery service can reach more than 43 million people. • Union Pacific Railroad PUBLIC TRANSPORTATION > 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 • 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.
22 23 CLIMATE CLIMATE
Shreveport-Bossier City area has a humid subtropical climate. Rainfall is abundant with the normal annual precipitation averaging 3.85 inches in 2017 and with monthly averages ranging from less than ANNUAL PRECIPITATION three inches in August to more than five inches in May. Severe thunderstorms with heavy rain, hail, 2017 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 were 1.5 inches of snowfall in 2017. 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 2 > Annual rainfall per year — 2017: 46.1 inches > 1.5 inches snowfall in 2017; 2 inches of snow in 2015; No measurable snowfall occurred in 2016, 2014, 2013 or 2012. • Temperature 1 8 1 > Average warmest months are May to October 2017 > Average temperature for 2017: 65.2° F
> Highest recorded temperature was 109° F in 2000 2 2 RAINFALL INCHES > Average coolest month is January
> Lowest recorded temperature was -2° F in 1930 1 > Average warmest temperature in 2017: 76.2°F
> Average coolest temperature in 2017: 54.2°F 0
JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER
24 Source: National Weather Service Source: National Weather Service 25 CLIMATE RECREATION & THE ARTS
AVERAGE TEMPERATURES NCAA COLLEGIATE BOWL
2017 The 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 110 Conference (ACC).
100 0 0 8 FESTIVALS 8 8 82 80 • African-American History Month • Gusher Days Festival • Mooringsport Cypress Festival 2 1 Parade 0 8 • Highland Jazz & Blues Festival • Mudbug Madness Festival 2 • Ark-La-Tex Ambassadors BBQ 1 • Holiday in Dixie • Patty in the Plaza 0 8 Cook-Off • Krewe of Barkus & Meoux Mardi • Pioneer Heritage Festival • ArtBreak Gras Parade 0 8 • Poke Salad Festival • ARTini • Krewe of Centaur Mardi Gras • Pumpkin Shine on Line 0 8 • ASEANA Festival Parade
TEMPERATURE • Red River Balloon Rally & U.S. • Krewe of Gemini Mardi Gras 0 • Barksdale AFB Air Show Hot Air Balloon Championship Parade • Battle of the Gumbo Gladiators • Red River Dragonboat Festival 20 • Krewe of Harambee Mardi Gras • Benton Christmas on the Square Parade/MLK Day Parade • Red River Margarita Pour-Off Festival 10 • Krewe of Highland Mardi Gras • Red River Revel Arts Festival • Brew: A Premier Beer Tasting 0 Parade • Shreveport Derby Day JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER • Christmas in Roseland • Krewe of Sobek Mardi Gras • Shreveport Southern Soul Labor • Christmas on Caddo Fireworks Parade Day Blues Festival Average High Average Low Average Festival • KTBS3 KPXJ CW21 • State Fair of Louisiana • Cinco de Mayo Fiesta Independence Day Festival • Sunflower Trail & Festival • Cork: A Red River Revel • Le Tour des Jardins Wine Event • Super Derby Festival • Let the Good Times Roll Festival of Racing • Country Christmas Festival • Louisiana Film Prize-Music • Texas Avenue Makers Fair • Cross Lake Floatilla Prize • Twelfth Night Celebration • Dixie Maze Farms Fall Festival • Louisiana Holiday Trail and Corn Maze of Lights • Vivian Black History Festival and Parade • Fat Tuesday Texas Street Bridge • Louisiana Red Bud Festival Closing Ceremony
26 Source: National Weather Service 27 RECREATION & THE ARTS RECREATION & THE ARTS
PERFORMING ARTS PUBLIC VENUES
• Bossier Arts Council • Marjorie Lyons Playhouse • Shreveport Opera • Bossier Civic Center • Independence Stadium • Shreveport Convention • East Bank Theatre • River City Repertory Theatre • Shreveport Symphony • Bossier City East Bank Plaza • Minden Civic Center Center • Emmett Hook Center • Shreveport Little Theatre Orchestra • CenturyLink Center • Minden Community House • Shreveport Riverview Hall & Theater • Gilbert & Sullivan Society • Shreveport Metropolitan • Strand Theatre • Festival Plaza • Municipal Auditorium • State Fair Grounds • Louisiana Dance Foundation Ballet • Theatre of Performing Arts • Hirsch Memorial Coliseum • Robinson Film Center of Louisiana • Strand Theatre
GALLERIES & MUSEUMS CASINO GAMING
• Artspace • Meadows Museum of Art • Southern University Museum • Boomtown Casino & Hotel • Eldorado Resort Casino • Horseshoe Casino & Hotel of Art • Barksdale AFB Global Power • Multicultural Center of the • DiamondJacks Casino • Harrah’s Louisiana Downs • Margaritaville Resort Casino Museum South • Spring Street Historical & Resort Casino and Racetrack • Sam’s Town Hotel & Casino • Bossier Parish Library • Norsworthy Gallery Museum Historical Society • Pamoja Art Society, • Stage of Stars Museum • East Bank Gallery Cultural Art Center • Stephens African-American RACING • Karpeles Manuscript Library • Pioneer Heritage Center Museum Museum • R. W. Norton Art Gallery • Talbot Museum • Ark-La-Tex Speedway • Krewe of Gemini Mardi Gras • Red River Crossroads • Touchstone Wildlife and Art • Bayou Kajun Raceway Museum Museum Museum • Boothill Speedway • Louisiana State Exhibit • Sci-Port Discovery Center • Vivian Railroad Station Museum Museum • Shreveport Aquarium • Louisiana State Oil & Gas Museum • Shreveport Railroad Museum • Marlene Yu Museum • Shreveport Water Works Museum Left: East Bank Plaza
Right: Shreveport Aquarium
28 29 RECREATION & THE ARTS RECREATION & THE ARTS
OUTDOOR RECREATION TENNIS
• A.C. Steere Park • Cargill Park • North Bossier Park • Bossier Tennis Center • Minden Tennis & Aquatic Club • Southern Trace Country Club • Airport Park & Community • Clyde Fant Parkway Park • Riverfront Park • Cockrell Tennis Center • Pierremont Oaks Tennis Club • Stonebridge Swim & Tennis Club Center • Columbia Park • Red River • East Ridge Country Club • Querbes Tennis Center • YMCA of Northwest Louisiana • Arthur Ray Teague Parkway • Cross Lake • The Duck Pond • Indoors Racquet Club • Southern Hills Tennis Center Park • Cypress-Black Bayou Park • Tinsley Athletic Complex • Bayou Bodcau Dam & and Recreation Area Reservoir • Valencia Park Community OTHER ATTRACTIONS • Lake Bistineau State Park Center • Betty Virginia Park • Mike Woods Park • Wallace Lake • American Rose Center • Great Raft Brewing • Red River Brewing Company • Caddo Lake • Minden Recreation Complex • Walter B. Jacobs Memorial • Ark-La-Tex Fly Board • Holiday Lanes Bowling Alley • Sci-Port Discovery Center • Caney Lake Nature Park • Air U Trampoline Park • iFlyH2O Water Sports • Shreveport Aquarium • Altitude Trampoline Park • Island Fun Arcade • Shreveport Parks & Recreation GOLF COURSES • Chimp Haven • Jubilee Zoo Planetarium • Cypress Nature Study Center • OFF Limits Paintball • Splash Kingdom Family • Crooked Hollow Golf Club • Jerry Brooks Golf Course • Pine Hills Country Club Waterpark • Cypress Zoo • On Cloud Wine Winery • David Toms 265 Golf • Meadowlake Golf Club • Southern Trace Country Club • Splat Zone Paintball • Escape Shreveport • Painting with a Twist Academy • Northwood Hills Country • Stonebridge Country Club • Stoner Avenue Skate Park • Flying Heart Brewing • Party Central Family Fun Center • East Land Country Club Club • The Grove Golf Course • Yogi & Friends Exotic Cat • Gators and Friends Alligator • Planet Fun • East Ridge Country Club • Olde Oaks Golf Club Sanctuary Park and Exotic Zoo • Red Herring Escape Rooms • Huntington Park Golf Course • Querbes Golf Course LOUISIANA BOARDWALK
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.
30 31 HEALTHCARE HEALTHCARE
Brentwood Behavioral Healthcare Physicians Behavioral Hospital BRF • 200 Beds • 24 Beds • 10-story research facility with 56 wet labs • Acute Psychiatric/Chemical Dependency • Behavioral Health Facility • Positron Emission Tomography (PET) Imaging Center Facility Promise Hospital of Louisiana Bossier Campus • Manages the InterTech Science Park CHRISTUS Bossier ER • 50 Beds • Consortium for Education, Research and Technology (CERT), a partnership of North Louisiana's • 6 licensed inpatient beds • Long-Term Acute Care Facility nine colleges and universities promoting collaboration projects among campuses • 9 ED beds Promise Hospital of Louisiana Shreveport • Mathematics, Science and Technology (MST) Program for middle and high school students to CHRISTUS Highland Medical Center Campus improve math, science and technology learning outcomes • 160 Beds • 146 Beds • Acute Care Facility • Long-Term Acute Care/Rehab Facility • Science and Medicine Academic Research Training (SMART) Program and Science Research Teacher Program (SRT) provides area high school seniors and science teachers the opportunity Cornerstone Hospital of Bossier City Shriners Hospital for Children to conduct scientific research with principal investigators at LSU Health Sciences Center in • 62 Beds • 45 Beds Shreveport • Long-Term Acute Care/Rehab Facility • Pediatric Orthopedic & Neuromusculoskeletal Facility CHRISTUS BOSSIER ER DeSoto Regional Health System • 38 Beds Ochsner LSU Health Shreveport • Bossier Emergency Hospital has six licensed inpatient beds and 9 ED beds. • Acute Care Facility • 452 Beds CHRISTUS HIGHLAND MEDICAL CENTER • Acute Care Facility Lifecare Hospitals of Shreveport • Catholic, nonprofit system owned and operated by CHRISTUS Health • 119 Beds Willis-Knighton Medical Center Bossier • Long-Term Acute Care Facility • 166 Beds • Areas of specialty include cardiovascular services, oncology, orthopedic and neurological • Acute Care Facility services, primary care and medicine, surgical services, and women’s and children’s services Minden Medical Center • Part of CHRISTUS Advocacy and Public Policy, which works within the community to extend the • 161 Beds Willis-Knighton Medical Center Pierremont healing ministry of Jesus Christ • Acute Care Facility • 206 Beds • Acute Care Facility • Supports Children’s Miracle Network North Caddo Medical Center • 25 Beds Willis-Knighton Medical Center Shreveport OVERTON BROOKS VA MEDICAL CENTER • 344 Beds • Acute Care Facility • Serving more than 37,000 veterans in the Ark-La-Tex • Acute Care Facility Overton Brooks VA Medical Center • Classified as a Clinical Referral Level 1C Facility Willis-Knighton Medical Center South & Center • 111 Beds • Provides specialty care in the areas of medicine, surgery, psychiatry, physical medicine and for Women's Health • Clinical Referral Level 1C Facility rehabilitation, neurology, oncology, dentistry and geriatrics • 152 Beds • Acute Care Facility • 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
32 Source: Individual Websites Source: Individual Websites 33 HEALTHCARE EDUCATION
SHRINERS HOSPITAL FOR CHILDREN The Bossier Parish School Board District had a total of 22,760 students for the 2017-2018 school year. • Pediatric Orthopedic Hospital ELEMENTARY & SECONDARY EDUCATION • 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 TOTALS PK–8 9–12 lip and palate in children ages 0 to 18 PUBLIC SCHOOLS • First of 22 Shriners Hospitals in North America SCHOOLS 34 OCHSNER LSU HEALTH SHREVEPORT ENROLLMENT 22,760 16,600 6,160 • Only Level 1 Trauma Center with Life Flight Services PRIVATE SCHOOLS • Home to state-designated Centers of Excellence including Feist-Weiller Cancer Center and a SCHOOLS 1 Center of Excellence in Arthritis and Rheumatology ENROLLMENT 545 491 54 • Main campus includes a regional Burn Center • One of only six hospitals in the nation affiliated with St. Jude Children’s Research Hospital INSTITUTIONS FOR HIGHER LEARNING • Proud partner of the distinguished LSU Health Shreveport School of Medicine Fall 2017 Enrollment • Regional referral center with Board-Certified/Board-Eligible Physicians • Accredited by The Joint Commission as a Primary Stroke Center 2-YEAR COLLEGES 4-YEAR COLLEGES & UNIVERSITIES WILLIS-KNIGHTON HEALTH SYSTEM TOTAL ENROLLMENT TOTAL ENROLLMENT Bossier Parish Community College, 12,330 Centenary College, Shreveport 588 • Only locally owned, locally operated not-for-profit health system in Shreveport-Bossier Bossier City • Four locations, including a retirement community and a full range of support services Northwest Louisiana Technical 759 Grambling State University, Grambling 9,931 • Accredited by The Joint Commission College, Shreveport/Bossier Campus Louisiana State University School of Southern University, Shreveport 3,309 874 • Areas of specialty include Cancer, Cardiology and Heart Surgery, Diabetes and Endocrinology, Medicine, Shreveport Gastroenterology, Geriatrics, Gynecology, Nephrology, Neurology and Neurosurgery, Orthopedics, Pulmonology and Urology. Louisiana State University, Shreveport 6,069
• Ranked #2 in Louisiana and is recognized among the Best Hospitals in Northwestern Louisiana Louisiana Tech University, Ruston 12,839
Northwestern State University, 9,931 Natchitoches
34 Source: Individual Websites Source: Individual Offices, Bossier Parish School Board, Louisiana Board of Regents, Individual Colleges and Universities 35 EDUCATION MSA 2018
2018 POPULATION 25+ Bossier Parish BY EDUCATIONAL ATTAINMENT Schools
2 HIGH SCHOOL 2 DIPLOMA 2 2
8 ASSOCIATE DEGREE
20 BACHELOR S 1 DEGREE 1 1
12 GRADUATE OR 8 PROFESSIONAL DEGREE 10
0 10 1 20 2 0 PERCENTAGE
U.S. Louisiana Bossier Parish Bossier City
36 Source: ESRI, Business Analyst Online 37 JOB TRAINING PROGRAMS JOB TRAINING PROGRAMS
WORKFORCE INVESTMENT ACT LOUISIANA WORKFORCE Development & Training Program • Designed to stimulate the employment, training and retraining of unemployed and economically disadvantaged and dislocated workers through training subsidies and employer incentives • Available to new and expanding companies, as well as firms implementing new and expanding technologies • Training services may include basic skills training, cooperate education, customized training combining on-the-job training and industry-specific training, etc. • Program offers pre-employment and worker-upgrade training
• Program pays for tuition, books and training supplies • Administered by Louisiana Economic Development
• 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) STRATEGIES TO EMPOWER PEOPLE INCUMBENT WORKER (STEP) Training Program • Goal is to provide opportunities for work-eligible families of FITAP to receive job training,
• Program designed to benefit business and industry by assisting in the skill development of existing employment and supportive services to enable them to become self-sufficient employees, and increasing employee productivity and the growth of the company • Result of the Personal Responsibility and Universal Engagement Act of 2003 passed by
• Company eligibility requirements: the Louisiana Legislature
> Business must have operated in Louisiana and contributed to the state’s unemployment insurance system for at least 3 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 Bossier Parish Community College Photo By: Neil Johnson
38 Source: Louisiana Workforce Commission Source: Louisiana Workforce Commission 39 BUSINESS ENVIRONMENT BUSINESS ENVIRONMENT
BOSSIER CITY BOND RATINGS PERCENTAGE OF EMPLOYMENT
• Standard and Poor Global Rating AA- IN BUSINESS ESTABLISHMENTS BY INDUSTRY
Mining and BOSSIER PARISH BOND RATINGS Logging 2
• Standard and Poor Global Rating AA2 Construction
Manufacturing
Trade, Transportation BOSSIER CITY FIRE RATING and Utilities 20
• ISO Class 2 Information 1
Financial Activities BUSINESS FIRMS Professional and Business Services 10
• As of January 2018, there were 2,264 business firms in Bossier Parish. Education and Health Services 18 Leisure and Hospitality 1
Other Services
Government 1
0 2 8 10 12 1 1 18 20 PERCENTAGE
40 Source: Bossier City Tax Division, Moody Investor Source: U.S. Bureau of Labor Statistics, June 2018 41 BUSINESS ENVIRONMENT WORKFORCE
MAJOR EMPLOYERS LABOR FORCE GROWTH BOSSIER CITY 2004 – 2017
Barksdale Air Force Base 8,924 Bass Pro Shops Outdoor World 250 • Total Civilian Labor Force: 189,700 Bossier Parish School Board 3,566 Sonic Restaurants 253 • Total Employment: 181,700 Horseshoe Casino 1,287 Dillard’s of Bossier City 150 • Total Unemployment: 8,100 DiamondJacks Casino 495 Wray Ford 84
State Department of Civil Service 1,223 Target Stores 150 • 2017 Unemployment Rate Annual MSA Average: 5.64%
Willis-Knighton Health System 900 Hardware Resources 229 • Bossier Unemployment Rate: 3.4%
Margaritaville Resort Casino 1,032 Lowe’s Home Centers 132
Boomtown Casino 553 Camping World 48 200
McElroy Metal 153 Imperial Trading 150 City of Bossier City 695 Cornerstone Hospital 140 1 Walmart 600 The Kroger Company 105
Sabre Industries 274 Gordon Incorporated 145 1 0 GDIT 1,100 Pickett Industries 90
Home Depot 167 Red River Motor Company 125
Evergreen Presbyterian Ministries 340 Texas Roadhouse of Bossier City 140 18
Harrah’s Louisiana Downs 300 McDonald's Corporation - Bossier City 100
Bossier Parish Community College 302 Porter’s of Louisiana 100 THOUSANDS 180 Barksdale Federal Credit Union 224
1
1 0 2004 2006 2008 2010 2012 2014 2016 YEAR
42 Source: Greater Bossier Economic Development Foundation, Louisiana Economic Development Source: Bureau of Labor and Statistics 43 WORKFORCE WORKFORCE
BOSSIER PARISH SHREVEPORT-BOSSIER CITY OCCUPATIONAL EMPLOYMENT & WAGE RATES (OES) AVERAGE PAYROLL EMPLOYMENT MSA AVERAGE NON-FARM EMPLOYMENT FOR MULTIPLE OCCUPATIONS IN 7TH REGIONAL LABOR MARKET AREA, SHREVEPORT IN 2017 BY INDUSTRY SECTOR | 2017 AUGUST 2018 OCCUPATION EMPLOYMENT MEDIAN ANNUAL WAGE Agriculture, Forestry, Fishing and Hunting 108 TOTAL NON-FARM EMPLOYMENT 180,700 Architecture and Engineering 2,030 $65,394 Mining 1,003 Mining and Logging 4,400 Arts, Design, Entertainment, Sports and Media 1,470 $35,329 Utilities 216 Construction 8,800 Building and Grounds Cleaning and Maintenance 8,370 $19,832 Construction 2,467 Manufacturing 10,200 Business and Financial Operations 6,640 $51,438 Manufacturing 1,748 Trade, Transportation and Utilities 36,800 Community and Social Services 2,950 $40,580 Wholesale Trade 1,831 Information 1,900 Computer and Mathematical 1,610 $57,815 Retail Trade 7,370 Financial Activities 7,600 Construction and Extraction 9,960 $35,807 Transportation and Warehousing 898 Professional and Business Services 17,600 Education, Training and Library 15,340 $45,743 Information 583 Education and Health Services 33,300 Farming, Fishing and Forestry 340 $34,319 Finance and Insurance 964 Leisure and Hospitality 24,100 Food Preparation and Serving-Related 21,710 $18,663 Real Estate, and Rental and Leasing 623 Other Services 6,700 Healthcare Practitioners and Technical 18,290 $50,248 Professional and Technical Services 975 Government 29,300 Healthcare Support 8,450 $23,035 Management of Companies and Enterprises 223 Installation, Maintenance and Repair 11,220 $37,368 Administrative and Waste Services 1,931 Legal 1,210 $53,777 Educational Services * Life, Physical and Social Science 950 $58,661 Healthcare and Social Assistance 4,534 Management 8,850 $75,803 Arts, Entertainment and Recreation 1,979 Office and Administrative Support 32,180 $29,009 Accommodation and Food Services 7,867 Personal Care and Service 9,330 $19,098 Other Services, except Public Administration 1,049 Production 12,790 $33,754 Public Administration 2,995 Protective Service 5,480 $36,865
Sales and Related 27,410 $22,638
Transportation and Material Moving 15,110 $27,885
44 Source: Louisiana Workforce Commission, U.S. Bureau of Labor & Statistics Source: Louisiana Workforce Commission, Louisiana Occupational Information System (LOIS) 45 CONSTRUCTION & REAL ESTATE CONSTRUCTION & REAL ESTATE
VALUE OFVALUE BOSSIER OF BOSSIER CITY CITY COMMERCIAL COMMERCIAL CONSTRUCTION CONSTRUCTION INDUSTRIAL BUILDING PRICES BOSSIER PARISH
2017 1 0 2 2016 10 LEASE PRICE BUILDING SIZE AVG. SALE PRICE BUILDING SIZE PER SQUARE FOOT PER SQUARE FOOT PER SQUARE FOOT PER SQUARE FOOT 2015 11 $4.98 10,600 $105.00 4,080 2014 $4.00 60,447 $33.94 40,600 2013 81 $8.97 5,880 $37.88 97,800 2012 1 8 $10.85 6,083 2011 2 0 20 0 0 80 100 120 1 0 1 0 180 $7.20 12,500
DOLLAR VALUES IN MILLIONS $8.57 12,382
$9.43 7,639 VALUE OF BOSSIER CITY RESIDENTIAL CONSTRUCTION VALUE OF BOSSIER CITY RESIDENTIAL CONSTRUCTION $4.00 3,000
$16.00 19,111 2017 $6.58 14,600 2016 $6.56 8,430 2015 8 $4.00 3,000 2014 2013 8 2012 8 2011 0 20 0 0 80 100 120 1 0 1 0 180
DOLLAR VALUES IN MILLIONS
46 Source: City of Bossier Source: CoStar Realty 47 CONSTRUCTION & REAL ESTATE CONSTRUCTION & REAL ESTATE
INDUSTRIAL MARKET OFFICE MARKET LEASE/RENTAL LEASE/RENTAL
OFFICE/SERVICE CENTER DOWNTOWN OFFICE MARKET
YEAR OCCUPANCY UPPER RENT LOWER RENT YEAR OCCUPANCY UPPER RENT LOWER RENT AVG. AVG. AVG. AVG. 2010 94.5% $6.25 $5.55 2010 90.6% $14.55 $12.72 2011 95.7% $7.22 $7.14 2011 87.7% $14.65 $12.45 2012 80.1% $5.75 $5.06 2012 85.5% $13.66 $12.31 2013 86.2% $6.41 $5.89 2013 83.1% $13.53 $12.72 2014 84.9% $6.32 $5.73 2014 80.0% $13.26 $12.32 2015 91.7% $7.12 $6.75 2015 80.4% $13.22 $12.72 2016 91.6% $7.12 $6.75 2016 79.2% $14.15 $13.23 2017 91.6% $7.12 $6.75 2017 84.6% $14.48 $12.84
MULTI-TENANT BULK WAREHOUSE SUBURBAN OFFICE MARKET
YEAR OCCUPANCY UPPER RENT LOWER RENT YEAR OCCUPANCY UPPER RENT LOWER RENT AVG. AVG. AVG. AVG. 2010 59.9% $2.76 $2.72 2010 86.5% $14.60 $13.78 2011 51.1% $2.95 $2.77 2011 87.7% $15.18 $13.40 2012 51.8% $2.73 $2.52 2012 82.3% $15.32 $13.63 2013 55.3% $2.81 $2.77 2013 85.0% $14.70 $14.02 2014 59.9% $2.73 $2.73 2014 84.1% $15.25 $13.88 2015 72.7% $2.96 $2.81 2015 84.3% $16.10 $13.52 2016 79.8% $2.85 $2.51 2016 88.7% $15.13 $14.40 2017 81.6% $3.43 $2.63 2017 89.1% $16.07 $14.57
48 Source: U.L. Coleman Properties, LLC, Quarterly Market Report, 2nd Quarter, 2017 Source: U.L. Coleman Properties, LLC, Quarterly Market Report, 1st Quarter, 2017 49 INDUSTRIAL PARKS INDUSTRIAL PARKS
THE PORT OF CADDO-BOSSIER VIKING DRIVE INDUSTRIAL PARK
• 2,000-acre industrial park and inland multi-modal transportation and distribution center located • Owned jointly by Bossier Parish and the City of Bossier
at the head of navigation on the Red River Waterway • Managed by the Greater Bossier Economic Development Foundation
• Unique location advantages allow the Port to provide businesses a link to domestic and • 17 acres available for development international markets via the Mississippi River • Located on Viking Drive West, 1/4 mile off Swan Lake Road • 9-foot depth and 200-foot width channel maintained by the Army Corps of Engineers • Rail service — Kansas City Southern Railroad • Houses more than 13 corporations • City water and sewage • Comprehensive rail network with rail links to Union Pacific main line rail, Kansas City Southern • Electric power — AEP/Southwestern Electric Power (AEP/SWEPCO) Railroad and Burlington Northern Santa Fe • Natural gas — Centerpoint Energy, Inc. • Foreign trade zone, U.S. Customs Port of Entry • 1/2 mile to I-220 interchange and 1 1/2 miles to I-20 interchange • On-dock rail, roll-on/roll-off ramp and rail switch yard on-site with two locomotives for immediate rail car switching BENTON INDUSTRIAL PARK COMMERCE INDUSTRIAL PARK Bossier Parish • Owned and operated by the Town of Benton • Owned jointly by Bossier Parish and the City of Bossier • 40-acre development • Managed by the Greater Bossier Economic Development Foundation • Located on Industrial Drive in Benton, 1/2 miles off Hwy 3 • 30 acres available for development • 16 miles north of I-20 and within 25 miles of I-49 • Located at I-220 and Shed Road • Rail Service — Union Pacific Railroad • Rail service — Kansas City Southern Railroad • City water and sewage • City water and sewage • Electric power — AEP/Southwestern Electric Power (AEP/SWEPCO) • Electric power — AEP/Southwestern Electric Power (AEP/SWEPCO) • Natural gas — Centerpoint Energy, Inc. • Natural gas — Centerpoint Energy, Inc. • Primary tenants — Capro, Inc. and Elite RV
50 51 INDUSTRIAL PARKS INDUSTRIAL PARKS
PLAIN DEALING INDUSTRIAL PARK THE COORDINATING & DEVELOPMENT Bossier Parish CORPORATION (CDC) • Owned and operated by the Town of Plain Dealing • Services offered: • 40 acres available for development > Business/Entrepreneurial Development • Located on Industrial Drive in Plain Dealing > Business Investment and Finance • 20 miles north of I-220 and 25 miles from I-49 > Communications, including Broadband Connectivity and Fiber • Rail service — Union Pacific > Community Development • City water and sewage > Economic Development • Electric power — AEP/Southwestern Electric Power (AEP/SWEPCO) > Energy Conservation/Development and Natural Resources • Natural gas — Centerpoint Energy, Inc. > International Business Development • Fire Station Number 2 located in the park > Marketing and Industrial Development RUBEN E. WHITE INDUSTRIAL PARK > Planning and Management > Public Works and Infrastructure
• Marketed by the Greater Bossier Economic Development Foundation > Recreation and Tourism
• Located on Shed Road approximately 1 mile south of I-220 and 1.5 miles north of I-20 > Technical Assistance
• 4 acres remain in the old portion of the park zoned for heavy industry; Rail Service: KCA > Transportation Enhancements
• City water & sewage; Electric: AEP-SWEPCO; Gas: CenterPoint Energy, Inc. > Workforce Development • Located in an Enterprise Zone LOUISIANA TECH UNIVERSITY TECHNOLOGY TRANSFER 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
52 53 INDUSTRIAL PARKS DEFENSE COMMUNITY
OTHER PUBLICLY OWNED INDUSTRIAL PARKS BARKSDALE AIR FORCE BASE Inside the MSA • Largest employer in the Shreveport-Bossier MSA • Caddo-Bossier Port Industrial Park — Shreveport, LA • Largest single-site employer in Louisiana • InterTech Science Park — Shreveport, LA • Annual payroll of $473.1 million • North Shreveport Industrial Park — Shreveport, LA • Annual Economic Impact of $810.7 million • North Webster Industrial Park — Springhill, LA Employees • 5,045 active-duty military • Ruben E. White Industrial Park — Bossier City, LA • 1,677 reservists • Shreve Park Industrial Campus— Shreveport, LA • 2,428 civilians • Shreveport Regional Airport Industrial Park — Shreveport, LA Barksdale medical care, commissary and base-exchange services support: • South Webster Industrial Park — Minden, LA • 5,575 duty family members
• Vivian Industrial Park — Vivian, LA • Over 40,000 retirees and their family members
• Ward II Industrial Park — Vivian, LA Base land allocation • 4,000 acres of developed area • West Shreveport Industrial Park — Shreveport, LA • 18,000 acres of undeveloped area with 1,400 acres of reclaimed wetlands PRIVATELY OWNED INDUSTRIAL PARKS AIR FORCE GLOBAL STRIKE COMMAND (AFGSC) • Numerous sites and parks in the MSA The AFGSC is currently assigned to the Barksdale Air Force Base just outside the • Fully developed with all utilities 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 • Convenient to major highways United States and combatant commanders. 8TH AIR FORCE Headquartered 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.
54 Source: Barksdale Air Force Base Public Affairs 55 DEFENSE COMMUNITY CYBER COMMUNITY
2ND BOMB WING CYBER INNOVATION CENTER (CIC)
The 2nd Bomb Wing is the host unit at Barksdale Air Force Base. Their mission is to protect the nation The Cyber Innovation Center (CIC), located in Bossier City, Louisiana, is the anchor of the 3,000-acre and its global interests by providing devastating B-52 combat capability and unmatched expeditionary National Cyber Research Park and serves as the catalyst for the development and expansion of a combat Airmen. The 2nd Bomb Wing is the oldest bomb wing in the Air Force. 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 307TH BOMB WING growing needs of government, industry and academia. The 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. NATIONAL INTEGRATED CYBER EDUCATION RESEARCH CENTER (NICERC) AIR FORCE NUCLEAR COMMAND, CONTROL 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, & COMMUNICATIONS CENTER (NC3) professional development and collaboration in K-12 education. One of NICERC’s objectives is to develop The United States Air Force Nuclear Command, Control and Communications Center (USAF NC3 the cyber workforce needed both locally and nationally. Currently, teachers from all 50 states and two Center), established on Oct. 1, 2016, is a sub-organization of Air Force Global Strike Command tasked U.S. territories are accessing the CIC’s curricula, which also includes informal programs such as camps to provide technical and operational support to maintain the health of communication links between and robotics competitions. To date, over 4,500 teachers and 560,000 students across the country have the National Military Command Authority and the nuclear warfighters of the U.S. Air Force. Located been impacted by CIC’s formal and informal programs, and those numbers are expected to double by at Barksdale Air Force Base, Louisiana, the NC3 Center has 236 personnel assigned and consists of Fall 2017. five major directorates: Communications, Governance and Training, Logistics, Operations and Plans, Programs and Requirements. GENERAL DYNAMICS (FORMERLY CSRA)
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.
56 Source: Barksdale Air Force Base Public Affairs Source: Cyber Innovation Center, Louisiana Economic Development and Louisiana Tech University 57 CYBER COMMUNITY BUSINESS & INDUSTRY INCENTIVES
LOUISIANA’S HIGH-TECH TALENT ENTERPRISE ZONE
With its existing workforce and through strategic investments in higher-education programs, Louisiana • Jobs-incentive program that provides Louisiana income and franchise tax credits to a new or is on the path to becoming one of the top states in computer science graduate production. existing business located in Louisiana, creating permanent net new full-time jobs, and hiring at Technology companies in Louisiana have ready access to a skilled workforce that includes over 23,000 least 50% of those net new jobs from one of four targeted groups. informational technology professionals. Software and digital media clusters are emerging around • Either a one-time $3,500 or $1,000 tax credit for each net new job created the state in Baton Rouge, New Orleans, Lafayette and Shreveport, bolstering Louisiana’s vision of a • A 4% rebate of sales and use taxes paid on qualifying materials, machinery, furniture and/or technology ecosystem. equipment purchased or a 1.5% refundable investment tax credit on the total capital investment, Louisiana is committed to rapidly growing its current and future software workforce through excluding tax exempted items. The 4% or 1.5% rebate shall not exceed $100,000 per net new job. investments totaling more than $38 million in the computer science and engineering departments of • Program is open to Louisiana businesses (new or existing) that will: 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 > Create a minimum of five permanent net new full-time jobs within 24 months of their project Community and Technical College System. These investments were made in conjunction with project start date or increase their current nationwide workforce by 10% within the first 12 months. announcements in the state by CGI, CSRA, IBM, GE Capital and CenturyLink. > 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 TECHNOLOGY INFRASTRUCTURE these targeted groups: - Residents (Someone living in the Enterprise Zone within the state) In recent years, Louisiana has taken giant strides in positioning itself as a large-scale IT, IT Sciences and - People receiving an approved form of public assistance Biosciences player. - People lacking basic skills (Performing below a ninth grade proficiency in reading, A $40 million investment by the state in the Louisiana Optical Network Initiative (LONI) allowed for the writing or mathematics) 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 - People unemployable by traditional standards play a major role in the National Lambda Rail (NLR). • The Enterprise Zone program sunset date has been extended to July 1, 2021. 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
58 Source: Cyber Innovation Center, Louisiana Economic Development and Louisiana Tech University Source: Louisiana Economic Development 59 BUSINESS & INDUSTRY INCENTIVES BUSINESS & INDUSTRY INCENTIVES
LOUISIANA INDUSTRIAL AD VALOREM > Bioscience, Manufacturing, Software, Environmental Technology, Food Technology, Advance Materials, Oil & Gas Field Service, Headquarters, Clean Energy, Back-Office TAX EXEMPTION PROGRAM (ITEP) Operations & Aircraft MROs
• Offers an attractive tax incentive for manufacturers within the state > Or located in a distressed region designated by Louisiana Economic Development
• Program abates, up to 5 years with a 3-year extension possible, local property taxes (Ad Valorem) on > Or at least 50% of annual sales out-of-state a manufacturer's new investment and annual capitalized additions related to the manufacturing site • 5-year participation with an option to renew for 5 additional years
• Businesses must be classified as a manufacturer or related to the manufacturing project in order to • Five net new jobs for companies with 50 or fewer employees; 15 net new jobs for companies with receive the benefits. more than 50 employees.
• The local governing bodies and Board of Commerce and Industry must endorse as well. • Coverage must become effective no later than the first day of the month, 90 days after the date of hire.
• Professional services firms are ineligible except for the case in which at least 50% of its services are FOREIGN TRADE ZONES provided for out-of-state customers or for a multi-state (parent) company; construction companies are ineligible except for the case in which it is the corporate headquarters of a multi-state business or can • Louisiana's six Foreign Trade Zones make it possible to import materials and components into the demonstrate that at least 50% of its sales are to out-of-state customers; medical professionals are U.S. without paying duties until they enter the U.S. market. ineligible except for those engaged in biomedical or biotechnology, servicing rural hospitals, or those • Goods shipped directly out of the country from FTZs are duty-free. in which at least 50% of its patient base is from out-of-state.
• Located at the Port of Caddo-Bossier • The qualifier for companies located within a Census Tract Block Group has been eliminated. The qualifier for a company that locates in one of the lowest 25% of parishes based upon per capita income LOUISIANA QUALITY JOBS PROGRAM remains. (From July 1, 2015, through June 30, 2018, annual payroll rebates will be approved for payment at a rate of 5% or 6% (as applicable) multiplied by 80% of payroll. Payroll rebates approved • Provides up to a 6% cash rebate on 80% of gross payroll for new direct jobs for up to 10 years. On on and after July 1, 2018, will be calculated on 100% of payroll. However, annual payroll rebates claims July 1, 2018, the rebate is available on 100% of gross annual payroll. that are due before July 1, 2018, but not timely filed are subject to reduction.)
• Provides a 4% sales/use rebate on capital expenditures or a 1.5% refundable investment tax credit on the total capital investment, excluding tax exempted items RESTORATION TAX ABATEMENT • Eligibility requirements: • Provides an up to 10-year abatement of ad valorem property taxes on the renovations and > Must pay a minimum of $18/hour in order to receive a 4% payroll rebate, minimum of $21.66/hour improvements of existing commercial structures and owner-occupied residences in order to receive a 6% payroll rebate. In addition, companies are required to offer healthcare • Open to all Louisiana businesses and homeowners with existing structures to be expanded, restored, that at a minimum meets federally mandated healthcare requirements (ACA compliant) improved or developed in qualifying locations
60 Source: Louisiana Economic Development, June 30, 2017 Source: Louisiana Economic Development, June 30, 2017 61 BUSINESS & INDUSTRY INCENTIVES BUSINESS & INDUSTRY INCENTIVES
• Five-year contract; option for a 5-year renewal with local governing-authority approval • Provides up to a 40% tax credit on qualified research expenditures incurred in Louisiana with no cap and no minimum requirement DOWNTOWN DEVELOPMENT AREA • In order for credits to be awarded, a taxpayer must claim the expenditures within one year after Permit Fee Waiver 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 • Permit fees for City Codes and Ordinances will be waived in the Downtown Development Area. participants. • Eligibility requirements: • For tax years beginning July 1, 2017, the R&D credit rates are as follows: > Rehabilitation or renovation of buildings and structures located in the Downtown > 1. SBIR and STTR: 30% Development Area > 2. Companies with 0-49 employees: 30% with a 50% base calculation > Buildings and structures must have been constructed prior to 1960. > 3. Companies with 50-99 employees: 10% with an 80% base calculation SOUND RECORDING INVESTOR > 4. Companies with 100 or more employees: 5% with an 80% base calculation Tax Credit Program
• Provides 18% tax credit for sound-recording projects made in Louisiana MUSICAL & THEATRICAL PRODUCTION Tax Incentive • Program subject to $2.16 million cap between July 1, 2015 and June 30, 2018 • Administered by the state • Starting July 1, 2018, the program is subject to $3 million cap in tax credits per calendar year. • Available to musical and theatrical productions and state-certified, higher-education musical or • Eligibility Requirements: theatrical infrastructure projects > Sound-recording is defined as recording of music, poetry or spoken-word performance made • Must be concert, theatrical and other live production that originated or debuted in Louisiana in Louisiana and produced in Louisiana in whole or in part • Provides: > Minimum expenditure of $15,000 with a $5,000 minimum expenditure requirement for Louisiana residents > 7.2% tax credit for certified Louisiana expenditures between $100,000 and $300,000 > 14.4% tax credit for certified Louisiana expenditures between $300,000 and $1,000,000 RESEARCH & DEVELOPMENT > 18% tax credit for certified Louisiana expenditures over $1,000,000 Tax Credit Program • Additional 7.2% tax credit for payroll expenditures to Louisiana residents
• Encourages existing businesses with operating facilities in Louisiana to establish or continue • Additional tax credits are available when employing students enrolled in Louisiana. research and development activities within the state
62 Source: Louisiana Economic Development, June 30, 2017 Source: Louisiana Economic Development, June 30, 2017 63 BUSINESS & INDUSTRY INCENTIVES BUSINESS & INDUSTRY INCENTIVES
• Investment in a business will qualify for the tax credit only if the business is domiciled in MOTION PICTURE INVESTOR Tax Credit Program 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 • Administered by the state 50% of its sales from outside Louisiana, and prior to the investment was approved by the State.
• Available to motion picture production companies headquartered and domiciled in Louisiana • Businesses engaged primarily in retail sales, real estate, professional services, gaming or for the purpose of producing nationally or internationally distributed motion pictures with total gambling, natural resource extraction or exploration, or financial services do not qualify under the Louisiana expenditures exceeding $300,000 and $50,000 for local Louisiana productions meeting program. certain qualifications • Administered by the State and Department of Economic Development • Must be producing feature-length motion pictures, television pilots, series or movies of the week, animated feature films, animated short films, webisodes or other digitally distributed motion DIGITAL INTERACTIVE MEDIA pictures, documentaries and commercials & SOFTWARE • Provides up to a 40% transferable tax credit Development Incentive • Fiscal years 2016—2018, maximum amount of credits equal $180 million per fiscal year • Provides a tax credit of 25.2% on qualified in-state labor and 18% for qualified production • May be used to offset Louisiana personal or corporate income tax liability expenses through June 30, 2018 and a 35% tax credit on payroll expenditures for Louisiana residents and 25% qualified production expenses on or after July 1, 2018.
ANGEL INVESTOR • No annual cap on the tax credits and no minimum requirements Tax Credit Program • The tax credit is available for a refund of 100% of its value claimed on Louisiana state tax return • Provides a 25% tax credit on investments by accredited investors who invest in businesses OR certified applicants can receive 85% of the value earned as a rebate any time during the year.
certified by Louisiana Economic Development as Louisiana Entrepreneurial Businesses (LEB) • Available to businesses in the digital media industry that develop products including digital media • Credit limited to $3.6 million cap for program and games, web-based and mobile applications, consumer software, entertainment software,
• Allows investments of $720,000 per business per year and $1.44 million per business over the life business and enterprise software, interactive devices and consoles, and embedded systems of the program • Administered by the State and Department of Economic Development
• The program sunsets on July 1, 2021 (no credits granted or reserved after that date).
64 Source: Louisiana Economic Development, June 30, 2017 Source: Louisiana Economic Development, June 30, 2017 65 TAXES TAXES
LOUISIANA CORPORATE INCOME TAX RATES • Married or filing jointly or qualified surviving spouse: > 2% of first $25,000 • Federal income taxes are an allowable deduction in computing Louisiana taxable income. > 4% of next $75,000 The tax structure is: > 6% of over $100,000 > 4% on the first $25,000 of net income > 5% on the next $25,000 PROPERTY TAX > 6% on the next $50,000 • Industrial and commercial improvements are assessed at 15% of the fair market value. > 7% on the next $100,000 • Land and residences are assessed at 10% of the fair market value. > 8% on the excess over $200,000 • $75,000 parish homestead exemption is allowed on residences occupied by the owner. CORPORATE FRANCHISE TAX • 2018 Bossier City millage rate: 23.36 mills • 2018 Benton millage rate: 13.78 • Franchise tax is assessed on the value of all real and personal property in the state, or the amount • 2018 Haughton millage rate: 13.280 of issued and outstanding capital stock, surplus, undivided profits and borrowed capital. • 2018 Consolidated Bossier Parish millage rate: 124.58 mills • The rate is: • 2018 Parish-wide millage rate (Average): 114.2 mills > $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 SALES/USE TAX
PERSONAL INCOME TAX • 4.45 % Louisiana state sales tax Effective January 1, 2009 • City sales and use tax
• Tax rates for individuals filing single, married filing separately or head of household are: > Bossier City — Effective July 1, 2018
> 2% of the first $12,500 > 2.50% City of Bossier sales tax
> 4% of the next $37,500 > 1.75% School board sales tax
> 6% of taxable income over $50,000 > 0.50% Bossier Parish Police Jury sales tax
66 Source: City of Bossier, City of Shreveport, Louisiana Association of Tax Administrators, Louisiana Department of Revenue Source: City of Bossier, City of Shreveport, Louisiana Association of Tax Administrators, Louisiana Department of Revenue 67 TAXES UTILITIES
> 0.25% Law enforcement sales tax ELECTRIC POWER > 5.00% Total • Provided by AEP Southwestern Electric Power Company (AEP/SWEPCO) • Benton, Haughton and Plain Dealing — Effective July 1, 2018 • Serving more than 530,000 customers in the Ark-La-Tex > 2.50% City of Bossier sales tax
> 1.75% School board sales tax
> 0.75% Bossier Parish Police Jury sales tax NATURAL GAS
> 0.25% Law enforcement sales tax • Provided by CenterPoint Energy, Inc.
> 5.25% Total
• Shreveport — Effective July 1, 2018 WATER
> 2.75% City of Shreveport sales tax • Supplied by City of Bossier
> 1.50% School board sales tax • 45,000,000 gpd Water Plant Capacity
> 0.35% Law enforcement sales tax • 8,000,000 to 24,000,000 gpd Average Daily Consumption
> 4.60% Total • 19,000,000 gpd Peak Consumption
• 6,000,000 gpd Ground Storage Capacity
UNEMPLOYMENT INSURANCE TAX • 7,000,000 gpd Elevated Storage Capacity
• Taxable base is $7,700 per employee • 75-85 psi Pressure in Mains
• Standard rate range is 0.10% to 6.2%
• Rate for new employers is the average rate for the particular industry. SEWER
• Maximum unemployment weekly benefit is half of the claimant’s previous wage for 26 weeks. • Supplied by City of Bossier
• Activated sludge extended aeration treatment plants — Red River & Northeast Treatment Plants
• 10,500,000 gpd Average Daily Load
• 14,000,000 gpd Design Capacity
68 Source: City of Bossier, City of Shreveport, Louisiana Association of Tax Administrators, Louisiana Department of Revenue 69 UTILITIES MSA 2018
Barksdale Air Force TELECOMMUNICATIONS Base Air Show
• 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
Chris Stapleton performs at Century Link Center
70 71 710 Benton Road • Bossier City, LA 71111 318.742.6043 • www.GBEDF.org