Louisiana is one of the world’s leading markets for energy production, processing, and transportation. It is a top producer of both crude oil and natural gas in the United States, and 88% of the country’s offshore oil rigs are located off Louisiana’s coast.
Located at the mouth of the Mississippi, the Greater New Orleans region is the operational hub for the state’s offshore oil and gas industry and is home to many growing refineries and plants with billions of dollars in planned expansions. The energy, petrochemicals, and plastics industries employ thousands of skilled workers across the region and enjoy the support of political leaders who appreciate the importance of these industries for the region and state.
The energy industry in the Greater New Orleans region benefits from the following regional assets:
LOW ENERGY COSTS
Louisiana’s electricity and natural gas rates are some of the lowest in the nation, directly decreasing operational costs for companies utilizing large, energy-intensive industrial equipment.
The Greater New Orleans region boasts a complex transportation infrastructure that provides easy access to the rest of the world via air, land, and sea. This extensive transportation system includes the largest port system by tonnage in the Western hemisphere and the only port in the country with access to all six Class I railroads via the New Orleans Public Belt.
EXTENSIVE PIPELINE NETWORK
Louisiana’s extensive pipeline network includes approximately 125,000 miles of pipelines—roughly 70% onshore and 30% offshore—that are collectively worth more than $2.3 billion.
The Greater New Orleans region is home to 16 development-ready industrial sites (“Certified Sites”), each of which has undergone extensive and rigorous review by Louisiana Economic Development and an independent, third-party engineering firm.
RIGHT TO WORK
Louisiana is a Right to Work state, where qualified employees are free to work in unionized workplaces without being required or compelled to join the union and pay union fees.
Energy businesses in the region also benefit from world-class incentive programs, including:
THE INDUSTRIAL TAX EXEMPTION
Offers manufacturers up to 80% property tax abatement for an initial term of up to five years and the option to renew for an additional five years on a manufacturer’s qualifying capital investment related to the manufacturing process.
THE LOUISIANA QUALITY JOBS PROGRAM
Provides a cash rebate to companies that create well-paid jobs and promote economic development, including up to a 6% rebate of annual gross payroll for new direct jobs for up to 10 years and a state sales/use rebate on capital expenditures.
Recognized as the nation’s best state workforce training program, LED FastStart provides customized employee recruitment, screening, and training to new and expanding companies at no cost.
The following energy companies have found infrastructure, support, talent, and success in the Greater New Orleans region:
To learn more about Energy in the Greater New Orleans region, please contact: