Construction Jobs In Slidell La - According to the Louisiana Economy Outlook, an annual report published by economist Lauren Scott, the New Orleans region could generate more than 12,000 jobs over the next two years, but the region's growth rate will lag other cities as tourism continues to suffer.
Scott's report was presented Tuesday at the Louisiana Business Symposium, an annual economic conference in Baton Rouge that hosts the Greater Baton Rouge Business Report.
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If the projections hold true, New Orleans will have the sixth-fastest job growth in the state by 2024 at 1.6%. The report projects a 3,600 job increase in the New Orleans metro area in 2023 and an 8,600 job jump in 2024 for a total of 12,200 jobs.
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However, New Orleans has regained 61% of the 112,000 jobs it lost to COVID-19, and its pandemic recovery efforts have been hampered by 34,200 jobs lost to Hurricane Ida last year.
"You don't want this level of natural disasters ... without slowing down the recovery process," Scott said.
The city's tourism industry could still face challenges in 2023, the report says, as a "short, shallow" recession fueled by rising interest rates looms over the national economy.
"It's clear that the tourism component of New Orleans' economy has been a real factor in the area's slow recovery from the (COVID-19) shutdown," Scott said in the report.
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There is some light at the end of the tunnel. After dozens of planned conventions in New Orleans were either canceled or moved to virtual formats in 2020 and 2021, none were canceled in 2022 and one went virtual.
Additionally, casino activity could increase if the $325 million project to convert Harrah's New Orleans into Caesars New Orleans ends in 2024, as expected.
The outlook for industrial construction is much brighter. There are as much as $17 billion worth of industrial projects underway in the New Orleans area, including Venture Global LNG's $13.2 billion Plaquemines LNG plant in Plaquemines County. The company may also take the final step on another $8.5 billion project at the facility.
In addition, PBF Energy is spending $550 million to convert its dormant Chalmette refinery to a renewable diesel plant, and Koch Methanol and Yuhuang Chemical are close to completing a $1.85 billion methanol plant in, among other projects in St. James County.
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Formosa Plastics' $9.4 billion chemical complex in St. James could spur further economic growth, but the project hangs in the balance after a state judge denied an air permit for the facility.
Meanwhile, billions of dollars could be invested in the state's coastal economy for flood control and restoration projects. The Louisiana Coastal Protection and Restoration Authority alone has awarded $2.8 billion in grants for coastal projects, including $734 million for the long-awaited Middle Barataria Sediment Diversion Project.
Of all metropolitan areas in Louisiana, Lake Charles leads the way with a projected growth rate of 4.4% by 2024, followed by Shreveport (2.2%) and Huma (2.1%). Lake Charles is still 57% below pre-COVID-19 employment levels due to a flurry of hurricanes and weather events over the past two years, but expected LNG facilities should boost the region's economy. UP TO DATE
Statewide, Louisiana should receive a modest 14,300 jobs next year and 30,800 the year after, a 1.6% growth rate in 2024 that will be largely driven by industrial construction, new health care facilities, new Amazon distribution centers and expansion. casino. projects.
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However, the state's labor force is still about 38,000 jobs below its pre-COVID-19 peak, a 32% deficit surpassed only by Alaska (59%) and the District of Columbia (52%).
Although oil could hover around 80 dollars per barrel over the next two years — up from $120 in June but far from prices below $20 in 2020 — the report says "opposition" from the Biden administration seeking cleaner energy will support oil production. below their pre-pandemic levels. Scott added that he does not expect a Gulf of Mexico lease to sell in 2023.
While the report does not provide the total number of employees in Louisiana's oil and gas industry, it says Lafayette and Homema's economies will suffer from the slowdown in Gulf drilling.
Meanwhile, natural gas prices should remain at around $8/MMBtu in 2023 amid strong demand for US LNG in Europe before falling to around $5 in 2024. both rely heavily on natural gas.
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"Louisiana may not be lucky this time to get out unscathed," the state's fossil fuel outlook report says.
In Baton Rouge, an expected boom in industrial construction and the opening of a major Amazon facility should add 12,400 jobs to the region over the next two years.
Lafayette is set for strong growth of 1,200 jobs (0.6%) in 2023 and 4,100 jobs (2%) in 2024. slow drilling activity in the Gulf of Mexico.
For rural Louisiana, the outlook is much more negative. Rural areas of the state are set to lose 1,000 jobs in 2023 and 1,700 jobs in 2024 due to population out-migration, representing a 0.8% decrease. open in Slidell. This would be a great development adding to a fast growing area.
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The grassy field next to Blind Tiger is where developers want to build a $325 million casino and resort if voters approve.
Also near the proposed location of the casino is the rapidly growing area of Lakeshore Village. The residents we spoke to weren't thrilled about the prospect of opening a casino in their backyard.
"We've had a lot of interest since Amazon broke ground," Kromer said.
Trees have been removed from Town Center Boulevard and construction on a new Amazon distribution center will begin soon. Hundreds of jobs are expected to be created in Slidell.
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"Their goal is to open in time to deliver Christmas packages from this facility," Kromer said.
"We get one or two calls a week for these distribution properties, and we've been working with several different developers trying to find space and land for them to build the building," Kromer said.
Other businesses open, such as the ALDI discount grocery store. According to the address on his website, it will open in the old Toys "R" Us building.
Economic Development Organization Tammany Corporation predicts 6% growth in population and jobs in East St. Tammany over the next decade. This is more than double the country's growth rate.
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According to St. Tammany Corporation, the fastest growing industries are healthcare, transportation, warehousing and distribution, and hospitality and tourism.
The Parish Council of St. Tammany is holding a special meeting on the proposed casino next Wednesday. Before the council votes to allow at-large voting in the district, the public will contribute to this project.
One of the largest warehouses ever built in St. Tammany, is nearing completion on the city's central boulevard, just off the busy I-10 Fremo corridor. He promises to bring hundreds of jobs to the parish.
"I think everything will go well, people will be happy with the way they come to Slidell," said Etheridge Miller of Slidell.
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Amazon's new 141,000-square-foot distribution center is fully equipped, and many say they are ready to try to find work there.
"It would mean a lot. I know they pay well. They're always busy,” Slidell's Adrianna Vanbrun said.
In fact, the "Help Wanted" post offers jobs at Amazon for $15-$25 an hour with $3,000 bonuses paid to new hires.
When this distribution center is up and running, it will serve about 950 Amazon Prime vans, making this part of Slidell a hotbed for commerce.
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While Etheridge Miller isn't looking for a job at Amazon, his auto repair company is already working with the transportation giant, and he's hoping for more.
Amazon originally hoped to open its new 30-acre distribution center in June. An economic development spokesman says the date has now been pushed back.
See spelling or grammatical errors in our story? Click here to report it. Please enter a title. An Amazon fulfillment center is under construction in Slidell earlier this year. The opening of the 140,000-square-foot building has been delayed, the company confirmed on July 1, 2022. (File photo)
The Amazon Delivery Center is shown under construction in Slidell earlier this year. The opening of the 140,000-square-foot building has been delayed, the company confirmed on July 1, 2022. (File Photo) DAVID GRUNFELD
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Amazon confirmed Friday that the opening of a 140,000-square-foot fulfillment center in Slidell has been delayed, though the company did not say when the facility would open or when it would begin hiring.
A company spokesperson said those dates will be announced at a later date. This is according to Slidell Mayor Greg Kromer, a spokesman for the company.
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