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Made in LOUISIANA from Spacecraft to Submarines, Made in Louisiana Means Quality Manufacturing

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Made in LOUISIANA from Spacecraft to Submarines, Made in Louisiana Means Quality Manufacturing Q3 & Q4 2011 Made in LOUISIANA From spacecraft to submarines, Made in Louisiana means quality manufacturing View the new GAMELOFT PICKS LA LA NAMED STATE OF and enhanced EQ for iPad FOR NEW STUDIO the Year (aGain) inside 12 letter from Secretary Moret 2011 Recap 4 Louisiana’s Economic Momentum Economic Update 6 round the world, “Made in Louisiana” means quality and The State Of Louisiana’s Economy innovation across a surprisingly broad array of products. From remotely operated, underwater vehicles that navigate new depths of the sea to spacecraft and satellite-enabled mobile Small Business Spotlight 10 communication devices, Louisiana companies are creating leading iSeatz Technology Powers 23 products of today and tomorrow. In this issue of EQ, we will provide Clients Around The World you with a sense of the scope of our engineered world. At the same time, we continue to maintain an impressive list of project wins that demonstrate why Louisiana continues to be more competitive in Behind The Scenes 12 the manufacturing world and in the global competition for quality LED FastStart™ Sways business investment. Major Manufacturer In this issue you also will learn how Louisiana’s customized workforce and training program, LED FastStart™, has impacted Momentum Louisiana 16 new and expanding facilities with its world-class recruitment, 15 Companies Say ‘Yes’ To Louisiana screening, training and leadership solutions. In addition, Louisiana’s 26 community and technical colleges are answering the manufacturing world’s need for process technicians through a model program. We Innovation Spotlight 24 also feature Louisiana’s port system – the largest in the world. Stuller Shines And Innovates To Beat Competitors And “Made in Louisiana” doesn’t just mean manufacturing: We also focus on Louisiana’s ever-expanding film and television production On The Cover industry. Additionally, we talk to David Hague to learn more about 26 Gameloft’s recent decision to open a mobile game development Made In Louisiana studio in New Orleans, and we examine how Louisiana’s digital incentives are helping a leading health care solutions company, Industry Outlook 32 Schumacher Group, expand its corporate headquarters in Louisiana. Lights, Camera, Louisiana Thank you for your interest in Louisiana – a new frontier for business opportunity. Regional Close-Up 34 Gateway Of Opportunity Best regards, Workforce Louisiana 36 Project PTEC EQ&A Stephen Moret, Secretary 38 Louisiana Economic Development Interview With Gameloft’s David Hague Advantage Louisiana 40 Homegrown Schumacher Group 24 2 CONTRIBUTORS: Arsene Aka, Jennifer Berthelot, Sara Bongiorni, Rick Dupree, Chelsea Harris, 3 Jason El Koubi, Christopher Fallin, Steven Grissom, Larry Henson, Lori Melancon, Stephen Moret, EQ Q3 & Q4 | 2011 LOUISIANA ECONOMIC QUARTERLY Gary Perilloux, Don Pierson, Maggie Heyn Richardson, Todd Rossnagel, and Patrick Witty Louisiana also announced major headquarters expansions Louisiana’s economy continued to outperform the South in 2011, with Fortune 500 CenturyLink expanding for the and the nation as the state attracted $18 billion in capital second time since 2009. Gov. Bobby Jindal announced an investment and 20,500 new direct and indirect jobs in 2011. 800-job expansion at the company’s headquarters in Monroe Such success doesn’t serve as a plateau but motivates state 2011 EXTENDS just two years after a 350-job expansion. Later, in Lafayette, leaders to further action. Schumacher Group announced a 600-job headquarters LOUISIANA’S ECONOMIC expansion and confirmed Louisiana as the best place to grow “While we are very pleased with our progress, we are the third-largest emergency medicine management company going to continue working hard to reposition Louisiana in the U.S., rather than Dallas, Atlanta or Houston. as one of the very best states in the U.S. in which to start, grow or relocate a business,” LED Secretary Stephen Moret Louisiana laid the foundation for such growth while the U.S. said. “We think this improvement in how Louisiana is MOMENTUM languished in recession in 2008 and 2009 and struggled to perceived in the business world is only the beginning of snap out of an economic funk. Louisiana’s reforms in ethics, much bigger gains to come.” ouisiana’s economic development wins in 2011 the South African company that added 850 direct jobs and business taxes and workforce development elevated the tell a story of remarkable diversity: headquarters an estimated 4,000 indirect jobs in Southwest Louisiana. state’s business climate rankings to the highest-ever position Lexpansions, digital game development, maritime In the same region, Houston-based Cheniere Energy and attracted transformative projects. We think this improvement logistics, steel fabrication, consumer goods manufactur- announced it would begin building a $6.5 billion liquefied ing and energy. natural gas, or LNG, facility in 2012 to transport affordable “It’s easy to see why Louisiana was the Most Improved in how Louisiana is perceived natural gas around the world from Louisiana and its State for 2010 and continues a rapid rise as a pro-business Even within energy, an industry staple in Louisiana for interstate pipeline connections. state,” said Brent Pollina, co-author of the Pollina in the business world is only decades, the state attracted new projects to diversify the Corporate Real Estate Top 10 Pro-Business States for 2011. sector with innovative technology. By year’s end, Colorado-based Sundrop Fuels selected Central Others took notice: Site Selection magazine deemed the beginning of much bigger Louisiana for another innovative gasification refinery, one Louisiana the top U.S. performer in per capita project wins Sasol Ltd., a leader in producing liquid fuels from natural that will produce advanced biofuels through a reaction of and state economic development agency performance. gains to come. gas, announced plans for the first U.S. gas-to-liquids, or GTL, wood waste, hydrogen and natural gas. Southern Business & Development named Louisiana its — LED Secretary Stephen Moret refinery – a project with up to $10 billion in investment by 2011 State of the Year. SELECTED ECONOMIC WINS OF 2011 BRADKEN ENGINEERED PRODUCTS HALLIBURTON Lafayette, La. SASOL Westlake, La. CENTURYLINK Monroe, La. Amite, La. 150 new jobs 850 new jobs 800 new jobs (1,970 retained jobs) 171 new jobs (179 retained) $65 million capital investment $8 billion capital investment $30 million (est.) capital investment $18 million capital investment $53,000 avg. salary $89,000 avg. salary $65,000 avg. salary $37,500 avg. salary SUNDROP FUELS Alexandria, La. ORMET CORP. Burnside, La. CHENIERE ENERGY Sabine Pass, La. SCHUMACHER GROUP Lafayette, La. 150 new jobs 240 new jobs (10 retained) 148 new jobs (77 retained) 600 new jobs (389 retained) $450 million capital investment $21 million capital investment $6.5 billion capital investment $19 million (est.) capital investment $58,000 avg. salary $57,000 avg. salary $100,000 avg. salary $62,500 avg. salary ELECTRONIC ARTS Baton Rouge, La. RONPAK INC. Shreveport, La. IFG PORT HOLDINGS Lake Charles, La. GAMELOFT New Orleans, La. 200 new jobs (400 retained) 175 new jobs 36 new jobs 146 new jobs $28 million state facility investment $16.8 million capital investment $59.5 million capital investment $60,000 avg. salary 4 5 EQ Q3 & Q4 | 2011 LOUISIANA ECONOMIC QUARTERLY HOUSING EMPLOYMENT : 107 Louisiana’s employment levels have OUTPERFORMED LOUISIANA both the South and nation since the recession began SOUTHERN STATES UNITED STATES Total non-farm, seasonally adjusted employment (100=January 2008) FIFTEEN CONSECUTIVE U.S. housing index was -0.6. CoreLogic MONTHS OF YEAR-OVER- Home Price Index data show that Louisiana’s 100 YEAR JOB GROWTH FOR LA housing prices (excluding distressed sales) APPRECIATED +2.4 PERCENT between November 2010 and November 2011. PDATE 93 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D 2008 2009 2010 2011 OMY Q3-Q4 2011 N O BANKING Louisiana’s unemployment rate has LOUISIANA C REMAINED BELOW that of the U.S. and the SOUTHERN STATES South since the start of the national recession UNITED STATES E S 11 10 A’ 9 N 8 From the third quarter A of 2010 to the third 7 quarter of 2011, 6 Louisiana’s 150 FDIC- insured institutions 5 reported a 4 UISI 3.2 PERCENT INCREASE in net loans and leases. 3 The U.S. reported a J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D 0.1 percent decrease. 2008 2009 2010 2011 LO ECONOMIC U 6 7 EQ Q3 & Q4 | 2011 LOUISIANA ECONOMIC QUARTERLY RANKINGS Business Facilities ranked Louisiana NO. 2 in the nation for Economic Growth Potential and NO. 7 among For the third straight year, Southern U.S. states for Best Business Climate, Business & Development magazine both new highs for Louisiana, in the recognized Louisiana as STATE OF THE magazine’s 2011 Rankings Report. Louisiana leaped 14 POSITIONS YEAR IN THE SOUTH. New Orleans tied in the latest Forbes ranking of Charlotte, N.C., for Major Market of the “BEST STATES FOR BUSINESS.” Year, while Baton Rouge received an honorable mention. Area Development magazine ranked LOUISIANA: No. 6 in the U.S. in No. 4 for states with the its 2011 ranking of best overall business top states for doing environment. business. Site Selection magazine ranked Louisiana the NO. 7 buSINESS CLIMATE IN THE COUNTRY – the state’s highest ranking ever. No. 4 for states with the best workforce development programs.
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