Posts filed under Economy

JBE's Chinese Investment Goes Down the Drain

 Photo source: Inside Sources

Photo source: Inside Sources

Cajun Conservatism recently pointed out that our governor decided to do business with China in this post.  Now, Congressman Peter King (R-NY) addressed, in a recent House Intel Committee meeting, that a Chinese company, Wanhua Chemical, who John Bel Edwards gave state taxpayer money to, is reconsidering their investment in Louisiana.  As indicated in this piece, it is troubling to have an "economic enemy", as President Trump has called China, acquiring American technology.

China aggressively seeks to acquire American technology and intellectual property through multiple vectors including: physical and cyber theft, forced technology transfers, evading United States export controls, export restraints on raw materials, and investments in more than 600 high-technology assets in the United States worth close to $20 billion.

Secondly, this is a clear indication of the trade imbalance that remains between the US and China.  The main reason that this project was cancelled was because of labor and material costs.  The citizens of Louisiana should be rightly concerned about a plant being built with Chinese material and being fabricated by Chinese labor.

 

Posted on July 19, 2018 and filed under Economy, Louisiana, John Bel Edwards.

GROW LOUISIANA COALITION: Act Now to Support Steps to Improve Louisiana's Business Climate

 Photo source: Grow Louisiana Coalition

Photo source: Grow Louisiana Coalition

When we grow business investment and bring new jobs here, we grow Louisiana. Attracting new projects and investments in our state often relies on our parish and state governments encouraging capital investment and job-creating activities.

For decades, the Industrial Tax Exemption Program (ITEP) has been Louisiana’s most important economic development tool. After nearly two years of uncertainty and confusion, the state’s economic development agency has proposed new guidelines that could be the first step in the right direction.

For more than 4 years, we have stood up for jobs in Louisiana. Our state’s leaders need to hear our voice again.

Click here to see and review the proposed rules from the State of Louisiana.

Posted on May 31, 2018 and filed under Louisiana, Economy.