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Kenner Economic Profile 2011

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Kenner Economic Profile 2011 Executive Summary With an esmated 2010 populaon of 66,411 people, the City of Kenner in Jefferson Parish is the sixth largest city in the state of Louisiana resng within the largest parish in the state. The City of Kenner has much to offer in terms of quality of life amenies balanced with a healthy business climate. Listed below are a few significant points of interest. These and other aspects of the City, Parish and metropolitan area are elaborated within this document. Market Access The City of Kenner, in Jefferson Parish, LA, has an advantageous and accessible locaon with Interstate 10 bisecng the city and providing three interchanges, and U.S. Highway 61 (Airline Drive) running parallel to the interstate in the southern por‐ on of the city. Kenner is host to the Louis Armstrong New Orleans Internaonal Airport and is served directly by two Class I railways. The Port of New Orleans is within 12 miles of the City of Kenner. Financing & Incenves The Jefferson Parish Economic Development Commission (JEDCO) is the economic development agency offering many ser‐ vices to businesses based within the City of Kenner and in all of Jefferson Parish. JEDCO's financing programs are designed to assist businesses with financing of fixed assets, working capital and inventory. Kenner businesses may also be able to take advantage of various state and local tax incenves. Workforce The City of Kenner and the New Orleans MSA (Metropolitan Stascal Area) have an educated and sizeable workforce. The civilian labor force in Jefferson Parish (includes Kenner) is approximately 211,472 people, which accounts for about 40% of the MSA’s civilian labor force. Approximately 23% of the New Orleans MSA populaon of 18 to 34 year olds have a Bachelor’s degree or higher, which is beer than the same populaon segment in most comparable markets. The Louisiana Technical College in Jefferson Parish ranks third in the naon’s top 50 fastest growing two‐year schools. Business Base The economic base of the Kenner—New Orleans region includes a diverse mix of industries with parcularly large concen‐ traons of employment in the Mining, Transportaon Equipment Manufacturing, Wholesale Trade, Health Care, Construc‐ on, and Administrave & Waste Services sectors with strong concentraons in the Arts, Entertainment & Recreaon, Ac‐ commodaon & Food Services, Retail Trade, and Transportaon & Warehousing sectors. Business opportunies are emerg‐ ing in food manufacturing, telecommunicaons, computer systems design and moon picture & digital media. Government Kenner is an incorporated city providing municipal government services, including police and fire protecon, to its resi‐ dents and businesses at a high level of service. Land use plans and ordinances are in place to guide city administraon, elected officials, and private cizens and developers in making decisions regarding the City’s future growth and to preserve the natural beauty of the City. Quality of Life The City of Kenner is located within a region of rich cultural history and in a unique environment that are celebrated through various events throughout the year. Kenner’s museums, outdoor concerts in Laketown and Rivertown, seasonal events, and parks and playgrounds cater to many different interests, but are always family‐friendly. Kenner events are aended by City residents and also aract people from the surrounding areas. Sites ‐ Opportunies for Development Whether it’s a small storefront or anchor of a regional shopping mall, retailers can find a suitable space for their business within the City of Kenner. Industrial users are invited to explore Kenner’s industrial parks, which offer compeve rates and excellent accessibility compared to other premier industrial parks within the region. Kenner’s available office spaces can accommodate establishments of varying sizes and technological needs. Many opportunies for development exist in areas north, east and south of the Louis Armstrong Internaonal Airport on the airport’s “redevelopment property”. www.kenner.la.us Table of Contents The City of Kenner Overview 1 Market Access 2 Railways 2 Motor Freight 2 Air Service 3 Waterways 3 Financing, Incenves & Taxes 5 Financing Tools 5 Tax Credits & Incenves 7 Taxes 14 Workforce 15 Availability & Cost of Labor 15 Educaon & Training Programs 15 Journey to Work 17 Business Base 18 Major Cluster Industries in the Region 18 Developing Clusters 19 Top 20 Employers of the City of Kenner 20 Top Private Companies in Jefferson Parish 21 Major Industry Employers 23 Average Weekly Wage ‐ Manufacturing Industry (Jefferson Parish) 23 Government 24 City of Kenner 24 Jefferson Parish Government 25 Infrastructure 26 Economic Indicators 27 Demographics 27 Educaonal Aainment 28 Employment & Wages 29 Income 30 Real Estate 31 Educaon 32 Quality of Life 34 Sites ‐ Opportunies for Development 42 Table of Appendices 44 While attempting to ensure that the information in this report is up to date, JEDCO cannot guarantee its 100 percent accuracy. This information is provided "as is" with no expressed or implied warranty and JEDCO hereby expressly disclaims any responsibility for any errors or omissions or for the results obtained from the use of this information. Any mistakes in this information that are brought to our attention will be corrected as soon as possible. www.kenner.la.us The City of Kenner, Louisiana Overview The City of Kenner is located in the northwestern part of Jeffer‐ son Parish, Louisiana, approximately 70 miles east of Baton Rouge and 10 miles west of New Orleans. Kenner is an incorpo‐ rated city providing municipal government services to its resi‐ dents and businesses, including police and fire protecon. Jefferson Parish government is responsible for providing some services such as water, libraries and some road maintenance. Jefferson Parish, Louisiana Kenner’s total land mass is approximately 20 square miles stretching from Lake Pontchartrain, its northern border, south to the Mississippi River, east to unincor‐ porated Jefferson Parish (Metairie) and west to St. Charles Parish. The 2010 esmated populaon of Ken‐ ner is 66,411 persons. Kenner is located within the most populous parish within the state. Kenner’s locaon is extremely advanta‐ geous with the Louis Armstrong New Orleans Internaonal Airport at its hub and an excellent intermodal transporta‐ on network consisng of the federal interstate system, major highways and Class I railroads. Addionally, the Port of New Orleans, the country’s gateway to the global market, is located twelve miles downriver from the City. www.kenner.la.us 1 Market Access The City of Kenner, in Jefferson Parish, LA, has an advantageous locaon with excellent accessibility to Interstate 10, U.S. Highway 61 (Airline Drive), and with the Louis Armstrong Internaonal Air‐ port at its hub. Railways The City of Kenner is served by the following Class I railways: Canadian Naonal Kansas City Southern These railroads have a direct connecon to the New Orleans Public Belt (NOPB) Railroad which provides service to the Port of New Orleans. The NOPB also connects with four other Class I railways which service all of North America, making this one of the few areas in the country to enjoy service by six Class I providers: CSX Transportaon Norfolk Southern Railway BNSF Railway Union Pacific Railroad Motor Freight Miles to: Atlanta, GA 478 The following major roads provide excellent accessibility into and out of Baton Rouge, LA 69 the City of Kenner: Birmingham, AL 350 Interstate 10 Chicago, IL 915 U.S. Highway 61 (Airline Drive) Cincinna, OH 812 Louisiana Highway 48 (Jefferson Highway/River Road) Dallas, TX 508 Houston, TX 335 Kenner is serviced by several major motor freight carriers including, but Jackson, MS 175 not limited to, the following: Jacksonville, FL 554 SAIA Kansas City, MO 904 FedEx Memphis, TN 382 UPS Mobile, AL 152 Roadway Nashville, TN 539 Southeastern New Orleans, LA 9 DHL Source: www.google.com Cross Road Centers www.kenner.la.us 2 Market Access Air Service Louis Armstrong New Orleans Internaonal Airport (MSY) Located in the City of Kenner and accessed by Interstate 10 and U.S. Highway 61 (Airline Drive) Ten domesc passenger airlines Three major freight and mail carriers; all domesc passenger airlines also carry freight 122 daily departures and 35 non‐stop desnaons Direct internaonal service between Toronto and New Orleans Federally approved to serve as a port of entry for flights to and from Cuba $357 million in major facility improvements planned, including interior and exterior terminal improvements, with a $16.8 million expansion of Concourse D and con‐ The Consolidated Rental Car strucon of a Consolidated Rental Car Facility underway Facility, which is under con‐ For more informaon, go to www.flymsy.com strucon at MSY Airport, is ranked No. 38 in the 2010 Southern Business & Develop‐ ment 100, a lisng of the top projects/investments Waterways throughout the southern states. Port of New Orleans Located within 12 miles east of the City of Kenner on the Mississippi River Diverse general cargo port Proximity to the American Midwest via a 14,500 mile inland waterway system Served by six Class I railroads, 50 ocean carriers, 16 barge lines, and 75 truck lines Foreign Trade Zone Facility includes 22 million square feet of cargo handling area and more than 6 mil‐ The Port of New Orleans is lion square feet of covered storage area the only deep water port More than 6,000 ocean vessels move through New Orleans each year served by all six Class I rail Cruise terminal serving three internaonal cruise lines (Carnival, Norwegian and Roy‐ lines, a 132,000 mile network, al Caribbean) with desnaons to the eastern and western Caribbean, and two na‐ tying the port community and onal lines (Majesc America and River Barge Excursions) with desnaons through‐ local industries to every major out the Mississippi and Ohio River systems North American market. www.kenner.la.us 3 Market Access Waterways (connued) St.
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