Nuclear
LED Featured Content
Nuclear
LED Featured Incentives
Louisiana FastStart ™
Provides workforce recruitment, screening
and training to new and expanding Louisiana companies at no
cost.
Industrial Tax Exemption
Provides property a 100% tax abatement for
up to 10 years on materials used in new manufacturing.
Quality
Jobs
Provides up to 6% rebate on annual payroll
expenses for up to 10 years; and either a 4% sales/use tax rebate
on capital expenditures or an investment tax credit equal to 1.5%
of qualifying expenses.
Von Hatley, Advanced
Manufacturing Director
hatley@la.gov |
225.342.9100
Louisiana is aggressively competing to become a significant
participant in the industry, notably in the development of modular
components for new reactors. The state's manufacturing workforce,
deep-water shipping infrastructure and favorable regulatory
environment helped Louisiana land the first nuclear module
manufacturing facility in the U.S. These and other factors have
positioned Louisiana to become a major production hub for the
industry.
Nuclear power production is set to expand significantly
throughout the world as pressure mounts to develop low-carbon
sources of energy. About 16% of all electricity worldwide currently
runs on nuclear power, and 35 new reactors are under construction
worldwide to meet increasing demand. By 2030, nuclear capacity
around the globe is projected to increase by 21% to 87%, and will
attract capital investment of between $500 billion and $2
trillion.
Choose an Industry Sector
Workforce
An established manufacturing sector in Louisiana has created
generations of skilled workers and a strong network of technical
colleges. With current enrollment estimated at 70,000, the
community and technical colleges offer specialized training in
manufacturing, industrial technology and process technology.
In addition, Louisiana Economic Development created the
innovative Louisiana FastStart™ program, which provides
customized workforce training programs to new and expanding
companies. Within its first year of operation, Louisiana FastStart
helped Louisiana achieve significant economic development wins,
such as V-Vehicle Co. and Gardner Denver Thomas.
Transportation/Logistics
Louisiana's diverse transportation infrastructure includes rail,
interstate, air and waterways. Louisiana's port system is one of
the largest in the world, transporting tons of cargo in and out of
the country. And the Port of South Louisiana is the largest single
port in the United States, ranked by tonnage. With its six
deep-water ports, the state is uniquely positioned to transport the
massive nuclear modules required by the growing number of world
wide reactors.
| LOUISIANA PORT |
2007 RANKING |
TOTAL TONNAGE |
| Port of South Louisiana |
1st |
229,040,085 |
| Port of New Orleans |
8th |
76,045,540 |
| Port of Lake Charles |
11th |
64,234,040 |
| Plaquemines Port |
12th |
58,816,539 |
| Port of Greater Baton Rouge |
14th |
54,623,559 |
Manufacturing Culture
A sustained industry presence helps Louisiana springboard easily
into new areas of manufacturing. The state's vast industrial
infrastructure creates opportunities for both upstream partnerships
and co-location. The Shaw Group Inc., one of a limited number of
U.S. companies with nuclear capabilities, recently committed to
developing a new manufacturing facility for nuclear reactor modular
components in Louisiana.
Louisiana's regulatory environment has been favorable and its
communities have long appreciated the role of industrial facilities
in supporting local economies. As of July 2009, electricity, water,
natural gas, machinery and equipment used by manufacturers are
exempt from Louisiana sales tax. The state also has a single-factor
sales apportionment for calculating corporate income taxes,
providing manufacturing companies in Louisiana with a significant
cost advantage.