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A fiscal analysis projects that LIT will generate more than $33 million in new annual tax revenues for St. Bernard Parish
Published 1 month, 1 week ago
Description
Michael Hecht, President & CEO of GNO Inc., joins Newell to talk about the comprehensive economic and fiscal impact analysis of the Louisiana International Terminal (LIT) Greater New Orleans, Inc. just released, finding that the container ship terminal in Violet will generate more than $33 million in new annual tax revenues for St. Bernard Parish at full buildout, equivalent to a 58% increase over the parish’s current tax base, while adding more than 4,300 direct and indirect jobs to a workforce of fewer than 12,000.