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61 Organizations Unite Behind Six Strategies for a Stronger Louisiana Economy; Urge Candidates and E
Baton Rouge, La. – The Louisiana business community is united behind six strategies for creating a more prosperous Louisiana. The new Coalition for A Stronger Economy (CASE) launched today with 61 statewide organizations, chambers of commerce, trade associations, and civic groups representing nearly every corner of Louisiana. More groups are expected to join CASE in the weeks ahead.
Instead of throwing solutions against a wall, it is time for a strategic plan. These business and civic groups are leaning forward with a unified approach that lays the foundation for a smarter government and a stronger economy.
There is an employee at LMOGA that lives in Baton Rouge. The last two times he was faced with buying a new car, he did something that most would do: shop around for the best deal. This resulted in him traveling to another city outside of Baton Rouge the first time, and another state most recently.
I thought of this story when I read the news coverage surrounding the latest Louisiana Legislative Auditor report questioning the severance tax suspension for horizontal wells — particularly in the Haynesville Shale. The thesis of the argument is that the state is losing money with this tax policy.
Ten years ago, southeast Louisiana was beginning to recover from a hurricane named Katrina that scattered families, devastated neighborhoods and left an indelible mark by which all future natural disasters would be compared. For residents of southwest Louisiana, Hurricane Rita would leave its mark just a few weeks later. The citizens of Louisiana, particularly our coastal com-munities, did not let Katrina and Rita keep them down for long, though. In fact, within weeks we saw neighbor helping neighbor clean out and rebuild where they could.
Things are really heating up this summer — both literally and figuratively.
We are beginning the presidential debates in earnest and they are yielding plenty of questions. Will the inevitability of Hillary Clinton getting the endorsement of the Democratic Party be thwarted by Vice President Joe Biden entering the fray? Also, what is the likelihood of Donald Trump sustaining his momentum in the crowded 17-candidate race for the Republican Party nomination?
Depending on which prediction you read, oil prices could be set for a rebound or headed even lower.
In turn, that could mean a healthy recovery for the local oilfield businesses and workers who have suffered a slowdown corresponding to the current downturn in prices.
Or, it could mean that the hardships that have hit our oil and service companies are here to stay, at least for the short term.