Thursday, August 18, 2011

Louisiana Economic Development Secretary sets job creation goal

Louisiana Economic Development is looking for Louisiana to create 40,000 new jobs per year over the next 20 years, Louisiana Secretary of Economic Development Stephen Moret said during a speech in New Orleans on Thursday. "My goal is to hit that growth rate of 40,000 to make us the leader in the South," he said.

"We have to be head and shoulders above everyone else to consistently perform as the best in the region."

The biggest challenge, Moret explained, is that Louisiana's traditional economic base is rooted in industries like agriculture and shipbuilding, which are not expected to experience significant job growth in the United States.

"We have a low to negative growth industry base, with the exception of the energy industry," he said. More here.

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