Louisiana Receives 7.1m for Port Improvements
On another note, Louisiana’s ports support one in five jobs in the state. They help move millions of barrels of oil and chemicals products each year and enough U.S. agricultural exports to feed entire countries. Tourists arrive by the boatload for river and ocean cruises, and the taxes that ports generate account for around 5% of the state’s annual budget. Yet, despite their importance to the economy and jobs, the state’s public ports are run by 32 separate, independent boards that compete against each other for state funding and sometimes for business. That system, which has persisted for decades as Louisiana has lost ground to other Southern ports, looks set to undergo a big change.
Earlier this month, lawmakers in the Louisiana House passed, with a vote of 94-2, a bill that would create a powerful state board known as the Louisiana Ports and Waterways Investment Commission. If the bill passes the Senate and is signed by Gov. Jeff Landry, the commission would be responsible for guiding tens of millions of dollars in state funding for port investments and setting strategy for the state’s collection of inland, coastal and deepwater ports.