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Business Report: Exxon Mobil's Baton Rouge future

Posted on 1/16/19 at 10:34 pm
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
25939 posts
Posted on 1/16/19 at 10:34 pm
Business Report

ExxonMobil has a big decision to make in early 2019 involving Baton Rouge, and whatever it decides will have major implications for the city’s relationship with the economic giant.

The oil-and-gas behemoth will soon announce whether it’s chosen Baton Rouge as the site of a major expansion project worth up to $1 billion, or another Gulf Coast city, likely one in Texas. The project is part of Exxon’s massive $20 billion Growing the Gulf initiative, and winning it would help Baton Rouge compete for additional investments included in the growth initiative.

But if recent history and recent controversies are any indicator, Baton Rouge’s chances are looking weak.

The backlash Exxon has received regarding ITEP applications, despite following the rules, creates, its officials say, a seemingly unfair and unpredictable business climate.

By singling out ExxonMobil despite hundreds of other companies filing applications, this group is not only maligning the largest corporate investor of East Baton Rouge Schools, but they are also sending a strong anti-business message to our corporation,” said spokeswoman Stephanie Cargile in December.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67007 posts
Posted on 1/16/19 at 10:36 pm to
Posted by CptBengal
BR Baby
Member since Dec 2007
71661 posts
Posted on 1/16/19 at 10:39 pm to
quote:

The backlash Exxon has received regarding ITEP applications, despite following the rules


Lol. The goverment of woke is trying HAAARRRRDDDD to make St George happen
Posted by Ancient Astronaut
Member since May 2015
32967 posts
Posted on 1/16/19 at 10:41 pm to
Takes our oil but pulls this shite
Posted by rowbear1922
Lake Chuck, LA
Member since Oct 2008
15165 posts
Posted on 1/16/19 at 10:43 pm to
I’m nearly positive Exxon is expanding in BR but I almost want to see them do it elsewhere just to hear what the fricks at Together BR have to say
Posted by TheArrogantCorndog
Highland Rd
Member since Sep 2009
14814 posts
Posted on 1/16/19 at 10:48 pm to
Talk shite about your cash cow and it decides enough is enough... goodbye Baton Rouge.. Hello Detroit, Hello Baltimore

Congrats BR Dems.. you led yourself to your own demise

Cant wait to move out of this shithole

New Corndog hacienda (Westside edition) coming soon
Posted by LSUJML
BR
Member since May 2008
45188 posts
Posted on 1/16/19 at 10:49 pm to
quote:

While the new rules did provide guidance from the state in the ITEP approval process, and capped the property tax breaks at 80% for 10 years, local government entities were still given the right to veto ITEP requests. And they have begun to take control of this newfound power, which is where the dissension comes in.


quote:

In East Baton Rouge Parish, the Metro Council created its own ITEP approval guidelines with stricter requirements than the state, while the school board, as of early January, has yet to agree on its own set of conditions for approval after a contentious debate. In New Orleans, the city council recently implemented even more stringent guidelines than Baton Rouge.


Posted by BRgetthenet
Member since Oct 2011
117678 posts
Posted on 1/16/19 at 10:50 pm to
quote:

Cant wait to move out of this shithole





Will that make you happy?
Posted by TheArrogantCorndog
Highland Rd
Member since Sep 2009
14814 posts
Posted on 1/16/19 at 11:16 pm to
quote:

Will that make you happy?


Easy answer

Yup... got a spot picked out... 4 bedrooms, 3 1/2 bath, large pool, small neighborhood, closer to work, cheaper than BR, less traffic

Ever drive golf balls off your front lawn while your S/O does doughnuts in a cane field on a 4wheeler???

quote:

BRgetthenet


More like
WBRgetlikeme
Posted by BRgetthenet
Member since Oct 2011
117678 posts
Posted on 1/16/19 at 11:33 pm to
So, West Baton Rouge Parish is gonna solve all your woes?
Posted by Sun God
Member since Jul 2009
44874 posts
Posted on 1/17/19 at 12:00 am to
Posted by tigersownall
Thibodaux
Member since Sep 2011
15298 posts
Posted on 1/17/19 at 12:04 am to
They going to Texas. Lake chuck is blowing up though plenty plant jobs.
Posted by PawnMaster
Down Yonder
Member since Nov 2014
1649 posts
Posted on 1/17/19 at 12:04 am to
I hope they do it. Gonna have plenty of GP guys looking for a job soon.
Posted by sta4ever
The Pit
Member since Aug 2014
15104 posts
Posted on 1/17/19 at 12:11 am to
Another reason why Together Louisiana and progressives are full of shite. This is why these industries need tax breaks and incentives. If not, they’ll decide to shutdown and move elsewhere rather than expanding and then boom there goes our economy, down the drain
This post was edited on 1/17/19 at 12:12 am
Posted by member12
Bob's Country Bunker
Member since May 2008
32089 posts
Posted on 1/17/19 at 12:29 am to
Offer tax breaks and get jobs.

Or don’t offer tax breaks and get nothing.

Either way you weren’t collecting those taxes.
Posted by JasonL79
Member since Jan 2010
6397 posts
Posted on 1/17/19 at 4:23 am to
This is a shot sighted approach from local governments accross the state. These expansions bring lots of people which increases sales tax revenue and also some of the expansion (materials used on the project and rentals used on the project) increases sales tax revenue. Also depending on the expansion, it would collect more sales tax from the plant once the new project is operating.
Posted by JudgeHolden
Gila River
Member since Jan 2008
18566 posts
Posted on 1/17/19 at 4:29 am to
quote:

Takes our oil but pulls this shite


Louisiana has only a small fraction of the oil that Texas does.
Posted by jimjackandjose
Member since Jun 2011
6496 posts
Posted on 1/17/19 at 4:32 am to
Exxon has already demonstrated numerous times the benefits their company brings to Baton Rouge go far beyond the tax exempted.
They will keep building in Texas and Louisiana will surpass MS in every category or sucking
Posted by skinny domino
sebr
Member since Feb 2007
14330 posts
Posted on 1/17/19 at 4:36 am to
quote:

Cant wait to move out of this shithole
why wait?? Pull a Ray Charles.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
66706 posts
Posted on 1/17/19 at 5:48 am to
Baton Rouge without O&G is Alexandria
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