LAKE CHARLES, LA (KPLC) - Louisiana economists predict that southwest Louisiana will see exceptional job growth in 2011.
LSU economist, Dr. Loren Scott, projects that the lake area will tie with Baton Rouge in the amount of new jobs this coming new year.
The SWLA Economic Development Alliance predicts the lake area will see 600 new jobs in the year ahead. Industries that will be providing the new jobs include Aeroframe, Northrop Grumman, and the Shaw Project.
Leucadia LLC is the new co-generation project that is expected to be finalizing their plans by spring. When construction begins on the facility, dozens of construction workers will be needed for two to three years.
In addition to industrial expansion, the lake area could see even more employment if Lake Charles is chosen to receive the Riverboat License.
"If Lake Charles is chosen that would bring a minimum of 1500 jobs to the area," said Swift.
The alliance added that the different companies' ability to expand in southwest Louisiana comes from 3 to 5 percent increase in merchant sales this holiday season. Another contributing factor is Congress and President Obama's decision to extend the Bush tax credits.
"That extension I think will help give more confidence to spend money as personal consumers and as businesses," said Swift.
Industrial expansion across southwest Louisiana is expected to be announced as early as the spring 2011.