- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Good news for Lake Charles area - Commonwealth LNG moving forward in Cameron Parish
Posted on 8/16/23 at 8:02 am to arczr2
Posted on 8/16/23 at 8:02 am to arczr2
If you are saying that it is presently a forty minute drive to the West Cal Industries from Iowa, what driving time do you expect once work starts on the Calcasieu River Bridge Project? Upon my understanding this project will include the widening of Interstate 10 to the I-210 interchange.
1
Posted on 8/16/23 at 8:10 am to CharleyLake
quote:
you are saying that it is presently a forty minute drive to the West Cal Industries from Iowa, what driving time do you expect once work starts on the Calcasieu River Bridge Project? Upon my understanding this project will include the widening of Interstate 10 to the I-210 interchange.
Expect traffic back ups similar to what the area saw during the last construction boom. (Sasol, Cameron, Lotte, etc...)
This post was edited on 8/16/23 at 8:11 am
Posted on 8/16/23 at 8:26 am to lsu777
quote:
Thats what people like you need to understand....its either give the exemption and get these projects or not get anything. these projects are 100% not coming to LA without the Exemption....period. Get that through your head
Oh, I thought they still going to go to Louisiana without the exemption.
Posted on 8/16/23 at 8:36 am to jizzle6609
quote:
Oh, I thought they still going to go to Louisiana without the exemption.
No exemption and they go to Texas instead.
Posted on 8/16/23 at 8:42 am to dewster
quote:
No exemption and they go to Texas instead.
That was a joke.
No one willingly goes to Louisiana for business unless they are getting the better end of the deal.
Posted on 8/16/23 at 8:46 am to jizzle6609
quote:
That was a joke.
No one willingly goes to Louisiana for business unless they are getting the better end of the deal.
well thats not 100% accurate.
if no exemptions for either state and everything was just based off location and workforce availability....prolly have these projects would still go LC area.
the LC area has lots of things that help for industry...but would prolly still lose half of the projects we have gotten lately
and ftr nobody really goes to any state unless its good for business
kind of how capitalism works...and why states need to be willing to compete.
Posted on 8/16/23 at 8:48 am to lsu777
quote:
the LC area has lots of things that help for industry...but would prolly still lose half of the projects we have gotten lately
and ftr nobody really goes to any state unless its good for business
kind of how capitalism works...and why states need to be willing to compete.
You are right, the Louisiana economic model is something to behold. Maybe other states will catch on and be able to use Louisiana as an example of how to boost their local economy.
Posted on 8/16/23 at 8:50 am to jizzle6609
quote:
You are right, the Louisiana economic model is something to behold. Maybe other states will catch on and be able to use Louisiana as an example of how to boost their local economy.
wtf are you talking about? did i say anything like that at all?
i specifically said the opposite
what are you being such a stupid frick on this?
Posted on 8/16/23 at 8:50 am to jizzle6609
quote:
No one willingly goes to Louisiana for business unless they are getting the better end of the deal.
No well run business spends that much on an expansion without making sure they are maximizing value of the company. Texas is a massive state with a competitive tax code and excellent infrastructure (including human capital). It’s not impossible for La to compete for these bigger projects, but it’s difficult so long as COL and costs of doing business remain competitive in La.
Houston has almost everything SoLa has….almost.
We don’t get a lot of these projects without these incentives.
This post was edited on 8/16/23 at 9:00 am
Posted on 8/16/23 at 8:53 am to lsu777
quote:
wtf are you talking about? did i say anything like that at all?
i specifically said the opposite
what are you being such a stupid frick on this?
First off you have been getting aggressive, not me.
All I am doing is giving my opinion which differs from yours.
You dont sound like there is any wiggle room for discussion so I am now going to let you win and say you are right.
Posted on 8/16/23 at 8:54 am to dewster
quote:
No well run business goes anywhere without making sure they are maximizing value of the company
You can maximize your value without straight up taking advantage of a group or an area because you know they want something.
Posted on 8/16/23 at 9:02 am to dewster
"But the effects of the giveaway are often serious.
Since 2006, East Baton Rouge Parish's taxing authorities have lost $571 million to the industrial tax exemption. Ascension Parish gave up $958 million. Jefferson Parish gave up $156 million and Orleans Parish gave up $112 million, according to the Louisiana Tax Commission."
"But the biggest losers, by far, have been the parishes in southwest Louisiana, a breeding ground in recent years for massive, multibillion-dollar megaplants that process liquid natural gas. Those plants have taken full advantage of Louisiana’s generous break: Since 2006, Cameron Parish has lost out on $4.3 billion and Calcasieu Parish has given up $3 billion in property taxes. That's three times the amount forgone by the No. 3 parish, St. Charles, which has lost out on $1 billion."
Since 2006, East Baton Rouge Parish's taxing authorities have lost $571 million to the industrial tax exemption. Ascension Parish gave up $958 million. Jefferson Parish gave up $156 million and Orleans Parish gave up $112 million, according to the Louisiana Tax Commission."
"But the biggest losers, by far, have been the parishes in southwest Louisiana, a breeding ground in recent years for massive, multibillion-dollar megaplants that process liquid natural gas. Those plants have taken full advantage of Louisiana’s generous break: Since 2006, Cameron Parish has lost out on $4.3 billion and Calcasieu Parish has given up $3 billion in property taxes. That's three times the amount forgone by the No. 3 parish, St. Charles, which has lost out on $1 billion."
Posted on 8/16/23 at 9:08 am to jizzle6609
quote:
You can maximize your value without straight up taking advantage of a group or an area because you know they want something.
nobody is taking advantage of
this is what you do not understand
this is approved locally and is in the best interest of the parish long term
read this
LINK
let me ask you a question..do you work in industry? because you dont have a good grasp of the economics
and i wasnt being aggressive. everyone from the LC area is telling you that you are wrong..maybe there is a reason
and 39 other states have ITEP programs. Sure not all are capable of supporting something like this or have the natural resources but certainly the gulf states do and we have to learn to compete as a state for these jobs for the long term benefit of the economy. same thing houston area did in the 70s-90s when they were so damn aggressive. eventually they built up so much capital but the 2000s they didnt have to be as aggressive because of all the resources there made it an extremely attractive venture either way.
Posted on 8/16/23 at 9:19 am to jizzle6609
quote:
"But the effects of the giveaway are often serious.
Since 2006, East Baton Rouge Parish's taxing authorities have lost $571 million to the industrial tax exemption. Ascension Parish gave up $958 million. Jefferson Parish gave up $156 million and Orleans Parish gave up $112 million, according to the Louisiana Tax Commission."
"But the biggest losers, by far, have been the parishes in southwest Louisiana, a breeding ground in recent years for massive, multibillion-dollar megaplants that process liquid natural gas. Those plants have taken full advantage of Louisiana’s generous break: Since 2006, Cameron Parish has lost out on $4.3 billion and Calcasieu Parish has given up $3 billion in property taxes. That's three times the amount forgone by the No. 3 parish, St. Charles, which has lost out on $1 billion."
so you argument is they lost these taxes right?
so if they don't give the exemption and these projects don't happen....did they really lose anything?
just to be clear...your argument is that SWLA should stop giving these exemptions and not get any of these projects
vs
give the exemption...look at the long term plan for the parish, area and the benefits where they can grab tons of temp jobs and all the sales tax etc. that comes with it for the first 5 years, then tons of perm jobs and all the benefits that come with that over the next 5....then 10 years later get a big windfall right?
so its better to be spiteful and get nothing
than compromise and secure long term growth for the area???
just making sure I understand your argument because you don't seem to understand...without ITEP these projects don't happen. period.
Posted on 8/16/23 at 9:29 am to jizzle6609
quote:
Since 2006, East Baton Rouge Parish's taxing authorities have lost $571 million to the industrial tax exemption. Ascension Parish gave up $958 million. Jefferson Parish gave up $156 million and Orleans Parish gave up $112 million, according to the Louisiana Tax Commission."
Unless they are writing checks or financing the construction directly, they aren’t losing anything. Its an important distinction because some places actually do that, and it’s incredibly risky and stupid, especially if it’s for a company that isn’t very established. And of course it’s another avenue for influence peddling.
For Louisiana’s tax exemption program - the option is to voluntarily not collect taxes in exchange for a private investment in a certain district or to not collect taxes on a private investment that never comes. Either way they aren’t getting that tax revenue. But if you offer the exemption, you at least get the jobs and indirect tax revenue for the duration of the exemption (5 years usually, but it’s sometimes extended).
Let’s say there is a major company in an industry that Louisiana and Texas are both targeting for investment in their districts. The correct move for both states is to make sure the tax code is business friendly and build out infrastructure to be competitive naturally. But that will not happen quickly. The second best move is to offer tax incentives on investment in the state if the new factory or expansion results in critical new infrastructure or new jobs. The absolute worst outcome often to do nothing and have neither the jobs nor the tax revenue, which tends to result in our human capital moving to Texas, Georgia, or Tennessee.
La needs to target businesses that invest in large private infrastructure projects (like LNG export terminals, rail yards, pipelines, etc) and those that hire a lot of people (like refineries, auto plants, corporate HQ, etc.). We are doing a great job with the industrial base, but our performance in tech and other white collar jobs are disappointing.
Outside of deep water access and pipeline network, Louisiana’s infrastructure is total crap - especially from the perspective of education, energy transmission, and our road/highway network. That has to be addressed either way. LADOTD, public schools, and Entergy are not delivering adequate performance for most of the state.
This post was edited on 8/16/23 at 9:34 am
Posted on 8/16/23 at 9:35 am to dewster
quote:
Unless they are writing checks or financing the construction directly, they aren’t losing anything. Its an important distinction because some places actually do that, and it’s incredibly risky and stupid, especially if it’s for a company that isn’t very established. And of course it’s another avenue for influence peddling.
For Louisiana’s tax exemption program - the option is to voluntarily not collect taxes in exchange for a private investment in a certain district or to not collect taxes on a private investment that never comes. Either way they aren’t getting that tax revenue. But if you offer the exemption, you at least get the jobs and indirect tax revenue for the duration of the exemption (5 years usually, but it’s sometimes extended).
Let’s say there is a major company in an industry that Louisiana and Texas are both targeting for investment in their districts. The correct move for both states is to make sure the tax code is business friendly and build out infrastructure to be competitive naturally. But that will not happen quickly. The second best move is to offer tax incentives on investment in the state if the new factory or expansion results in critical new infrastructure or new jobs. The absolute worst outcome often to do nothing and have neither the jobs nor the tax revenue, which tends to result in our human capital moving to Texas, Georgia, or Tennessee.
La needs to target businesses that invest in large private infrastructure projects (like LNG export terminals, rail yards, pipelines, etc) and those that hire a lot of people (like refineries, auto plants, corporate HQ, etc.). We are doing a great job with the industrial base, but our performance in tech and other white collar jobs are disappointing.
:bow: :bow: :bow: :bow: this 100% this
:bow: :bow: :bow:
i would love for SWLA to use the ITEP to pursue more tech jobs, same with Lafayette.
Posted on 8/16/23 at 9:36 am to dewster
quote:
Outside of deep water access and pipeline network, Louisiana’s infrastructure is total crap - especially from the perspective of education, energy transmission, and our road/highway network. That has to be addressed either way. LADOTD, public schools, and Entergy are not delivering adequate performance for most of the state.
agreed, luckily energy has a plant in SWLA and they have been pretty good here and McNeese does a great job of working with the local industries to fill their needs. Which there was more focus by the school though in tech sectors.
Posted on 8/16/23 at 9:54 am to lsu777
Gotta love when people don’t understand how ITEP works yet they think these parishes are “missing out” on money for 10 years.
They would rather $0 for eternity than $0 for only 10 years
They would rather $0 for eternity than $0 for only 10 years
Posted on 8/16/23 at 9:58 am to lsu777
quote:
would love for SWLA to use the ITEP to pursue more tech jobs, same with Lafayette.
We just are not competitive there. Our universities aren’t really providing a decent pipeline. We shouldn’t offer incentives if we aren’t also beefing up our ability to provide the manpower. A lot of those jobs are also trending offshore too.
With the exception of IBM in BR…nothing big has really worked out in that sector for La. And it took an extra year to hire all 700 people, many of which are H1B. And that is sort of keeping at least the BR area out of contention for more service centers like that.
Posted on 8/16/23 at 9:59 am to goofball
If y'all hear about any turnarounds in the Lake Charles area, holler at me I got a couple more weeks at LA Pigment.
Would go to Golden Pass but do not like that bus schedule.
Would go to Golden Pass but do not like that bus schedule.
Page 5 of 9
Popular
Back to top
Follow TigerDroppings for LSU Football News