Gov. Jindal announces economic development mission to Asia - KALB-TV News Channel 5 & CBS 2

Gov. Jindal announces economic development mission to Asia

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BATON ROUGE, La. (KALB News Channel 5) Gov. Jindal announces economic development mission to Japan, South Korea, Taiwan.

On Jan. 8, Governor Bobby Jindal announced an economic development mission to Japan, South Korea and Taiwan to cultivate more foreign-direct investment opportunities and increased trade between Louisiana and key Asian markets.

Gov. Jindal will be meeting with dozens of corporate executives in energy, chemicals, and manufacturing industries, including companies already doing business in Louisiana. In total, Governor Jindal will be meeting with ten companies, including companies that are actively considering projects in Louisiana.

Gov. Jindal said, "When I took office, I said our top priority was to make Louisiana the best place in the world to find a job and raise a family. That's why we instituted major reforms in the areas of ethics, workforce development, education, and taxes. Our work has paid off.

"We now have more people employed than ever in Louisiana. After more than two decades of more people leaving Louisiana than moving into the state, and after being the only state in the South with consistent outmigration, more people have been moving into Louisiana than moving out for the past five years.

"This is all great news, but we cannot become complacent. We cannot rest on our laurels. We need to ensure this economic growth is sustainable into the future for many generations.

"For the past six years, we have focused mainly on cultivating existing companies in Louisiana, and attracting investment from companies based inside the United States. We've been very successful in these efforts and we will continue to cultivate new investment and new jobs.

"But that alone will not create a sustainable pipeline of jobs for future generations of Louisianians. We need to diversify and go beyond our country's borders. We need to focus on the next frontier for business opportunities.

"Our economic development efforts have already included attracting companies from across the globe to Louisiana, but it's time to ramp up those efforts.  Louisiana already has a very strong position in trade and foreign direct investment, but we believe there is an opportunity in front of us to create more jobs associated with trade, foreign direct investment, and re-shoring projects.

Gov. Jindal said that Louisiana is an attractive sign for more foreign direct investment.

The Governor said, "Our state is ripe for more foreign direct investment. When multinational companies seek to expand into the U.S., they typically look for three key assets: a business-friendly investment climate; availability of an extensive infrastructure that provides access to large consumer markets; and an efficient and available workforce that meets their needs.

"Louisiana has clear advantages in all three of these areas. We consistently rank in the top ten nationally in several business climate rankings; our infrastructure in terms of ports, rail, highways and pipelines is second to none; and Louisiana's workforce, combined with the best state workforce development program in the nation, LED FastStart, meets the demands of the contemporary economy across an array of leading industries.

"Louisiana also offers one of the most extensive deepwater and inland waterway port systems in the world. We provide a comprehensive shipping and logistics solution for bulk commodities, containerized cargo, and land-based truck and rail freight.

"The bottom line is that Louisiana has a great story to tell – featuring a highly competitive tax structure, world class workforce development programs, an outstanding workforce, competitive energy costs, unparalleled infrastructure, and strong governmental ethics laws – and I want to make sure that our story is known across the globe by business leaders."

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