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City of Shreveport a Great Place to Call Home 2018-2019 Economic Profile

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City of Shreveport a Great Place to Call Home 2018-2019 Economic Profile City of Shreveport A Great Place to Call Home 2018-2019 Economic Profile SHREVEPORT • CADDO PARISH • MSA OFFICE OF THE MAYOR SHREVEPORT, LOUISIANA Greetings and welcome to Shreveport! Shreveport serves as the economic driver and engine of our region We are proud to be home to LSU School of Medicine, one of America’s top-notch and is commonly called the Capital of the Ark-La-Tex. We are the academic schools that includes medicine, graduate studies, and allied health professions. third largest city in Louisiana, leading the community in progressive To meet the needs of our workforce development for business and industry, Northwest growth and development. Shreveport is the seat of Caddo Parish Louisiana Technical College offers extensive and customized vocational training and serves as the financial, medical, commercial, industrial, and programs. governmental hub of the Ark-La-Tex. Our city is definitely open for business, and the increasing number of businesses opening Our team is a one-stop assembly for all required planning, construction requirements, each month is evident. Shreveport is a city with nearly 200,000 residents, serving and processes. In addition to the support services offered through the Economic a metropolitan statistical area of more than 440,000. Development Department, all of the city’s departments are here to assist as well. Our centralized geographic location, situated at the crossroads of three major interstate I invite you to experience Shreveport firsthand and enjoy the clean air, the beautiful highways: I-20, I-49, and I-220, makes it an ideal commercial distribution hub in the scenery, and the many amenities that we have to offer. Our city is truly a community United States. Our location also makes travel a breeze getting from one side of town like none other, which is why more and more companies are making Shreveport home. to the other in fifteen to twenty minutes. We have a diverse, productive workforce with very strong work ethics. Warmest regards, We are home to some of the highest-rated public schools in the state. Caddo boasts 16 National Blue Schools of Excellence honors; Centenary College, one of the best private colleges in the United States; Southern University at Shreveport (SUSLA); Louisiana State University in Shreveport (LSUS); and Northwestern State University’s School Ollie S. Tyler of Nursing. Mayor of Shreveport Photo courtesy of Jim Noetzel and Shreveport-Bossier Convention & Tourist Bureau 2 TABLE OF CONTENTS Mayor’s Welcome ........................................... 2 Area Sports Area Education Sound Recording Investor Tax Credit ............. 37 Shreveport Rankings..................................... 4 NCAA Collegiate Bowl ....................................... 18 Caddo Parish Schools ......................................... 27 Live Performance Production Program ....... 37 Shreveport Mudbugs .......................................... 18 Public and Private Education Enrollment ....... 28 Motion Picture Production Tax Credit ............ 38 Radius Map ......................................................... 5 Shreveport Rafters ............................................... 18 Higher Education ................................................ 28 Qualified Entertainment Company ..............38 Four Parish Population Map ................... 6 Other Events ........................................................ 18 LSU Health Shreveport School of Medicine .... 28 Digital Interactive Media & Software North Louisiana Regional Map .............. 7 Area Arts and Museums Specialized Training Development Incentive ................................... 38 Cost of Living Performing Arts................................................... 19 Aerospace Technology Program ....................... 29 Downtown Shreveport Incentives .................... 38 ACCRA Cost of Living Index ............................ 8 Galleries and Museums ...................................... 19 Airframe and Powerplant Maintenance .......... 29 Taxes Cost of Business Index ................................. 9 Area Festivals and Recreation Digital Media Institute ....................................... 29 Louisiana Corporate Income Tax Rates ........... 39 Corporate Franchise Tax .................................... 39 ............... 10 Festivals, Events and Parades ............................ 20 Industrial Parks Population and Demographics Personal State Income Tax................................. 39 Shreveport and MSA Public Events Venues.......................................... 20 The Port of Caddo-Bossier ................................ 30 Casino Gaming .................................................... 20 Shrevepark ............................................................ 31 Property Tax ........................................................ 40 Workforce Industry Snapshot ................. 11 Racing ................................................................... 20 Aeropark ............................................................... 32 Sales/Use Tax ....................................................... 40 Major Employers - MSA ............................. 12 Outdoor Activities............................................... 21 Other Parks .......................................................... 32 Unemployment Insurance Tax ......................... 40 Construction and Real Estate Golf Courses ........................................................ 21 Area Military Installations ........................ 33 Utilities Industrial Building Prices .................................. 13 American Rose Center........................................ 21 Electric Power ...................................................... 41 Job Training Programs Industrial Market Lease/Rental ......................... 13 Tennis Facilities ................................................... 21 Natural Gas .......................................................... 41 LED FastStart ....................................................... 34 Office Market Lease/Rental ............................... 13 Aquarium ............................................................. 21 Sewer ..................................................................... 41 Workforce Investment Opportunity Act ......... 34 Retail Market Lease/Rental ................................ 13 Other Attractions ................................................ 21 Water .................................................................... 41 Incumbent Worker Training Program ............ 34 Transportation Area Health Care Facilities Data/Telecommunications ................................ 41 Business & Industry Incentives Airports................................................................. 14 Ochsner LSU Health Shreveport ...................22 Our Economic Partners Restoration Tax Abatement ............................... 35 Highways .............................................................. 15 LSU Health Shreveport....................................... 23 Louisiana Economic Development ................... 42 Enterprise Zone ................................................... 35 Railroads ............................................................... 15 Willis-Knighton Health System ..................... 24 North Louisiana Economic Partnership .......... 42 Research & Development Tax Credit .............. 35 Motor Freight ...................................................... 15 Christus Health Shreveport-Bossier ................. 25 Southwestern Electric Power Company........... 42 Louisiana Quality Jobs Rebate ........................... 36 Port of Caddo-Bossier ........................................ 16 Overton Brooks VA Medical Center ................ 26 Louisiana Small Business Foreign Trade Zone ............................................ 36 SporTran............................................................... 16 Shriners Hospital for Children .......................... 26 Development Center ........................................... 43 Angel Investor Tax Credit ................................. 36 Entrepreneurial Accelerator Program .............. 43 Climate Other Area Facilities ........................................... 26 Industrial Ad Valorem BRF ........................................................................ 43 Average Temperature ......................................... 17 Tax Exemption Program .................................... 36 Average Precipitation ......................................... 17 3 SHREVEPORT RANKINGS/CERTIFICATIONS Shreveport and the MSA residents enjoy a cost of living Shreveport ranked as One of the Best Cities in the Entire that’s only 89.1 percent of the national average. U.S. for getting the most out of your paycheck. Cost of Living Index, 2018-2nd QTR GOBankingRates, 4-2017 Shreveport ranked as a Prime Area in the U.S. for North Louisiana Ranks as the No. 1 Most Cost Competitive Teachers to live and work in the 3rd Annual “Best Manufacturing Market Cities for K-12 Teachers” report. KPMG Competitive Alternatives, 2016 GoodCall.com 5-2017 Shreveport Ranked No. 5 out of 113 major U.S. Cities Shreveport is an AEROready Certified Community as “Best Cities for Retirement in 2017” Criteria were Tucson Atlantic Consulting 9-2017 personal safety, low property taxes, affordable cost of living, and climate. Shreveport Ranked No.5 out of the top 250 Cities in the GetRichSlowly.org, 2017 U.S. that present the ideal conditions for postgraduates looking to find their first home. Shreveport ranked
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