When you are at the center of one of the world’s great petrochemical centers, there are always going to be benefits and liabilities. Obviously, the benefits are high-paying jobs in technical fields and the many economic spinoffs of those jobs. A downside that must be carefully watched are emissions and air quality’s impact on long-term economic growth. Baton Rouge construction lull likely over by 2020, lifting market by 11,700 jobs over next two years All that said, there’s a lot that’s promising about being in Louisiana’s capital region in the next two years.The crystal ball used by economist Loren Scott and his colleagues can’t be right all the time. The nine-parish Capital Region suffered in 2019 from layoffs at closures of facilities in the northern part of East Baton Rouge Parish, including a Georgia-Pacific paper unit. As a result, the 6,000 additional jobs that Scott projected for this year will be a bit off.But the Scott projections for 2020-2021, unveiled at a Baton Rouge Business Report event, are for significant growth tied to the industrial construction sector. Our Views: America’s economic future at risk from instability As key economic drivers, names like Methanex, Shell, Shintech and ExxonMobil are contributors to… Read full this story
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