Economic Impact of Louisiana Coastal Management Investment

The Challenge

Ongoing natural and man-made causes have resulted in significant loss of land mass along the Louisiana coast. This erosion has resulted in increased flooding and negative impacts to residents and businesses, and is threatening industries critical to the state and national economy, particularly ports, commercial fishing, and oil/gas refining.

The Solution

Significant federal, state, and corporate funding has been committed to protecting and restoring Louisiana’s coastal livelihood and economy. With the objective of maximizing positive economic impacts for Louisiana, state leaders sought to leverage these coastal investments for the benefit of in-state businesses and workers.

Recognizing this opportunity, the Louisiana Economic Development, South Louisiana Economic Council (now COLAB), and newly established Coastal Technical Assistance Center (CTAC) hired Camoin Associates to identify the coastal management supply chain, quantify the economic impact of coastal management spending on the state, and evaluate the additional economic benefit that would accrue if a greater portion of investment was awarded to in-state firms.

The Impact

State leadership is using the economic impact analysis together with a list of over 2,100 coastal supply chain businesses compiled by Camoin Associates to conduct outreach to Louisiana businesses in an effort to support greater in-state business participation in coastal investment procurement opportunities.