Professor: Louisiana's economy growing

Published: Oct. 16, 2013 at 11:03 PM CDT
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BATON ROUGE, LA (WAFB) - An LSU economics professor says you don't have to worry about financial stability.  At a luncheon Wednesday, Loren Scott said the state is climbing the financial pole because of new businesses and plants coming to the state. He says the lure is the low cost of natural gas.

"Not only is the price low, it is easy to get it here because of pipeline infrastructure. We have enough miles of pipeline in Louisiana to circle the earth five times," said Scott.

He also said Louisiana natural resources make this a state like no other for businesses looking to relocate and set up shop here.

"If you wanting to build a chemical firm in Iowa, there is hardly any pipelines there and there is also no water, " Scott continued.

With new plants and business come more jobs. In fact, Scott said Louisiana is one of only 12 states that has more people working than before the recession hit in 2008 and he says the job outlook for the state is rosy.

"We see the state growing and probably adding almost 70,000 jobs over the next two years," said Scott.

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