2021 was a milestone year for business investment and job creation in Louisiana. It was also a year when the state’s economic versatility was on full display. Business success in Louisiana is powered by global access to international markets, an engaged system of colleges and universities, abundant natural resources, critical infrastructure and a world-class workforce. While businesses succeed, Louisiana leads, forging a new model for a sustainable future that will drive equity, diversity and additional investment.
LED overcame historic challenges to deliver exceptional results for our state.”
A LETTER FROM GOVERNOR JOHN BEL EDWARDS
Louisiana’s 2021 economic successes proved yet again that when our state meets challenges head-on, exceptional opportunity results.
We can all be proud of Louisiana Economic Development’s determination to light the way for our prosperity, securing over $20.5 billion in capital investment and thousands of new jobs for our citizens in 2021. In step with partners across the state, nation and world, LED overcame historic pandemic- and weather-related challenges to deliver exceptional results for our state.
This annual report outlines these many accomplishments, including initiatives that are driving a cleaner energy future and innovative advancements that further define us as an important global hub of commerce. It also highlights LED FastStart, recognized as the top workforce training program in the nation for 12 consecutive years.
As we’ve pledged through our climate and community initiatives, we are preparing ourselves for a long, sustainable future that creates economic opportunity for all Louisiana residents, no matter what their background or what part of the state they live in.
I salute all the owners and employees of Louisiana businesses large and small whose hard work and ingenuity are the foundation of our state’s long-term economic development success.
John Bel Edwards
Governor, State of Louisiana
The more than 18,000 new jobs created are among the most ever in a single year.”
A LETTER FROM SECRETARY DON PIERSON
2021 was a remarkable year for Louisiana Economic Development and a clear signal that local, regional and state efforts to strengthen our business climate are accelerating our growth.
Proof of Louisiana’s numerous business advantages can be found in multiple investment announcements across a wide range of industry sectors. It can be found in the multi-billion dollar energy investments made by major global corporations, and in the hundreds of entrepreneurs participating in business empowerment programs for veterans, women and minorities and rural communities.
The influx of thousands of new jobs for Louisiana residents across the state stands as our proudest achievement from 2021. The more than 18,000 new direct and indirect jobs created are among the most ever in a single year for LED.
None of this would be possible without the leadership of Gov. John Bel Edwards, the collaboration of our economic development partners across the state, the commitment of statewide political leaders, the creativity of our education partners and the unwavering resilience of the citizens of our state. We thank you for your partnership, which produced the transformational accomplishments of 2021, and look forward to building on that momentum in 2022 and for years to come.
Secretary, Louisiana Economic Development
Top 20 Projects by Capital Expenditure in 2021
Dec 2, 2021
Oct 14, 2021
Air Products and Chemicals, Inc.
Jan 26, 2021
Shintech Louisiana, LLC
Mar 5, 2021
Apr 23, 2021
Louisiana Green Fuels
Jun 24, 2021
Dec 16, 2021
Bia Energy Operating Company
Jul 26, 2021
Hunt Forest Products, Inc.
May 7, 2021
Jun 16, 2021
Jun 30, 2021
Jun 8, 2021
Canfor Southern Pine
May 12, 2021
May 3, 2021
SafeSource Direct, LLC
Dec 16, 2021
Teal Jones Group
Dec 17, 2021
Jun 28, 2021
Nov 18, 2021
Jan 21, 2021
Apr 6, 2021
renewable fuel plant announced by Delta BioFuel
Alexander/Ryan Marine & Safety invests in Houma logistics hub
clean energy complex announced by Air Products
regional AFCO Industries employees celebrate company's 75th anniversary
renewable diesel refinery announced by Louisiana Green Fuels
blue methanol plant planned by Bia Energy
rare earth elements project announced by ElementUS
LNG, CCUS facility being developed by Venture Global
Louisiana’s foundational business strengths Include:
Sector diversity: A stalwart for energy, diversified through advanced manufacturing, software development, information technology, agribusiness and entertainment
Natural resources: Advantages in natural gas, timber, salt and rare earth materials
Higher-ed partnerships: Tomorrow’s workforce preparing today
Modern innovation: Advances in life sciences, digital media, cutting-edge port technology and “America’s Rocket Factory”
Commitment to environmental sustainability: An "all of the above" energy transition strategy that increases investment while reducing emissions
Infrastructure advantages: Superior logistics and the gateway to the Gulf of Mexico
2021 Annual Report table of contents: