Recognizes the essential role the chemical industry plays in Louisiana's economic development and designates May 2, 2012, as "Louisiana Chemical Industry Day".
Impact
The resolution emphasizes the economic contributions of the chemical industry, stating that it ranks as the third largest chemical producer in the nation and the foremost in agriculture chemicals. This acknowledgment serves to reinforce the importance of the sector in contributing substantial tax revenues to state and local governments, thereby supporting community services and infrastructure. The bill reflects a commitment to recognizing and nurturing this key economic driver in Louisiana.
Summary
Senate Resolution 93 recognizes the vital role of the chemical industry in Louisiana's economic development and designates May 2, 2012, as 'Louisiana Chemical Industry Day'. This resolution highlights the natural resources available in Louisiana, such as oil, natural gas, and salt dome caverns, which have contributed to the growth of the petrochemical sector. It underscores the industry's significance, pointing out that it provides direct employment for over 22,000 individuals and supports tens of thousands more in ancillary businesses.
Sentiment
The support for Senator Morrish's resolution appears largely positive, focusing on the contributions and importance of the chemical industry to the state’s economy. The resolution invites appreciation for the collaborative spirit of the industry and its workforce. However, while the text is generally supportive, it does not encompass any opposition or alternative viewpoints, suggesting a unanimous recognition of the benefits brought by the chemical sector.
Contention
While there are no explicit points of contention outlined in the resolution itself, the topic of economic dependency on the chemical industry can be inherently daunting. Discussions surrounding the environmental impacts of industry activities and the need for sustainable practices may emerge as future points of debate. The resolution serves primarily as a celebration and acknowledgment, which may mask any underlying controversies related to environmental regulations or public health concerns.
Provides for the Louisiana Department of Economic Development to establish and administer the Louisiana Industrial Product Certification Program (RE +$202,029 SG EX See Note)