On a daily basis, economists, business developers, and governmental leaders marvel at the indicators (job growth, gross domestic product, sales tax generation, etc.) which regularly demonstrate that Cameron Parish is impacting the local, state and global market.
With recent events at the Port of Lake Charles, the Southwest Louisiana Economic Development Alliance/Chamber SWLA believes it is important not to lose sight of the positive impact the Port of Lake Charles has on all of our livelihoods.
Our region has well over five million visitors annually according to the SWLA Convention and Visitors Bureau. Most of those numbers are a result of our five casino resorts. Because of those casino resorts and the large number of new hotel rooms in our area, we now total about 9,000 hotel rooms in our five parishes.
Recent news reports indicate that some LNG projects will be delayed due to world market conditions and potential tariffs on China.
Recently, Dan Groft has joined McNeese State University as director of the H.C. Drew Center for Business and Economic Analysis, assistant professor of economics, and economist for The Alliance. Groft, an economist with a Ph.D. in economics from LSU, has worked with Louisiana Economic Development and most recently with the La. Department of Revenue.
We asked Groft about the current LNG market: