Shreveport, Louisiana, October 5, 2025
News Summary
The recent Economic Outlook for Louisiana, presented by Dr. Loren Scott, showcases significant potential for job growth and expansion in the region. Key developments include a $21 million investment by Benteler Steel/Tube Manufacturing that will create 49 jobs, and Amazon’s expanding operations in the area. In addition, the establishment of data centers and military investments contribute to a vibrant economic forecast, projecting over 74,500 new jobs by 2027, despite concerns over external economic challenges. The outlook indicates a hopeful trajectory for economic stability and growth in Northwest Louisiana.
Shreveport, Louisiana — The recent Economic Outlook for Louisiana, presented by Dr. Loren Scott on October 4, 2024, at the Port of Caddo-Bossier, highlighted promising growth opportunities for the region despite facing various challenges. Notably, Benteler Steel/Tube Manufacturing announced plans for a $21 million expansion at the port, which is set to create 49 new jobs.
As of June 14, 2024, Amazon’s SHV1 facility in the region employed approximately 2,200 workers and continues to expand, indicating growing employment opportunities. The opening of a new 40,000-square-foot warehouse at the Port of Caddo-Bossier on December 11, 2024, marks another significant development in the area.
Key Economic Developments
Dr. Scott’s forecast suggested significant job growth, potentially exceeding 5,700 jobs over the next two years, driven by the establishment of new data centers, particularly in the Resilient Technology Park west of Shreveport. Plans include a 1-million-square-foot data center and a 104,000-square-foot office building.
Moreover, the regional economic outlook indicates approximately 74,500 jobs will be added by 2027, representing a growth increase of 3.7%. This forecast comes amidst concerns about declining economic optimism due to tariffs affecting growth and rising interest rates that may hinder project financing and home purchases.
Local Impact from Military and Education
Barksdale Air Force Base remains a key economic driver, employing over 9,000 individuals. The base is set to receive a new $210 million military weapons generation facility, expected to be completed by 2026, further enhancing local employment capabilities.
In the education sector, enrollment at Louisiana State University Shreveport (LSUS) has more than doubled since 2016, defying statewide trends. These educational growth trends align with job creation efforts in local businesses and institutions, supporting regional economic development.
Future Economic Projections
Dr. Scott’s projections indicate Louisiana’s real GDP will increase by 1.5% in 2025, followed by 1.8% in 2026, and reaching 2.5% in 2027. Changes to permitting processes and fossil fuel regulations favorably support the state’s economic landscape. An expected rise in natural gas prices, due to increasing demand in Europe and Asia, along with the establishment of new LNG export facilities, will likely contribute to ongoing economic stability.
Additionally, significant expansions in the region, including a $50 million facility by Ascentek and a $43 million expansion at Ochsner LSU Health, reflect the overall positive trend in investments towards job creation and economic growth. Amazon’s future plans envision creating a workforce of about 3,700 by 2027.
Conclusion
While the economic forecast presents several opportunities, economists caution about the potential impacts of tariffs and interest rates on growth. Nevertheless, the anticipated development of data centers could drastically enhance job forecasts for the region, likened to a “gold rush.” Together, these factors underscore the promise of substantial economic development in Northwest Louisiana over the coming years.
FAQs
When was the Economic Outlook for Louisiana presented?
The Economic Outlook for Louisiana was presented on October 4, 2024.
What major expansion was announced at the Port of Caddo-Bossier?
Benteler Steel/Tube Manufacturing announced a $21 million expansion, creating 49 jobs.
How many workers does Amazon’s SHV1 facility employ as of June 2024?
Amazon’s SHV1 facility employed 2,200 workers as of June 14, 2024, and continues to grow.
What is the expected job growth in Louisiana by 2027?
Louisiana is expected to add approximately 74,500 jobs, representing a growth increase of 3.7% over 2026 and 2027.
What changes are anticipated to benefit Louisiana’s economy?
Permitting changes and fossil fuel regulation reversals are expected to benefit Louisiana’s economy.
Key Features Overview
| Feature | Details |
|---|---|
| Economic Outlook Presentation Date | October 4, 2024 |
| Benteler Expansion | $21 million, 49 jobs |
| Amazon Employment | 2,200 workers (as of June 14, 2024) |
| Job Growth by 2027 | Approximately 74,500 jobs |
| Real GDP Growth Predictions | 1.5% (2025), 1.8% (2026), 2.5% (2027) |
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Additional Resources
- Shreveport Bossier Advocate
- Wikipedia: Economic Growth
- KTBS News
- Google Search: Louisiana Economic Outlook
- Shreveport Times
- Encyclopedia Britannica: Economics
- KSLA News
- Google News: Shreveport Bossier Job Growth
- Shreveport Bossier Advocate
- Google Scholar: Louisiana Economic Growth
Author: STAFF HERE SHREVEPORT WRITER
The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in Shreveport, Caddo Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mudbug Madness Festival, Red River Revel Arts Festival, and Independence Bowl. Our coverage extends to key organizations like the Shreveport-Bossier Chamber of Commerce and Shreveport Regional Arts Council, plus leading businesses in gaming, healthcare, and energy that power the local economy such as Horseshoe Casino, Ochsner LSU Health, and Atmos Energy. As part of the broader HERE network, including HEREBatonRouge.com and HERENewOrleans.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.
