Urges and requests the secretary and staff of the Dept. of Economic Development to advise businesses receiving tax and other financial incentives that the legislature requests that hiring decisions be focused on Louisiana residents
Impact
The passage of HCR98 signifies a strategic approach by the Louisiana Legislature to bolster local employment amid economic development initiatives. By encouraging businesses to hire locally, the resolution aims to maximize the indirect economic benefits that arise from financial incentives, thereby improving the overall effectiveness of the state's incentive policies. This approach could lead to increased job opportunities for Louisiana residents and stimulate local economies.
Summary
HCR98 is a House Concurrent Resolution that emphasizes the importance of hiring Louisiana residents by businesses that receive state tax and financial incentives for development. The bill urges the Department of Economic Development to advise these businesses to prioritize local hiring as part of their operational strategies. This resolution highlights the connection between local hiring and the economic impact generated by the incentives provided to businesses, reflecting the state's focus on enhancing employment opportunities for its residents.
Sentiment
The overall sentiment surrounding HCR98 is positive, with support stemming from various stakeholders who view local hiring as beneficial for the state's economy. The resolution reflects a legislative commitment to support residents and promote job growth within Louisiana. While the resolution does not impose regulations, it conveys the importance of local employment opportunities in the context of economic incentives, resonating with both legislators and community advocates.
Contention
There are minimal points of contention associated with HCR98, as it primarily serves as an advisory resolution rather than a binding law. However, some potential debates could arise around the effectiveness of urging businesses to prioritize local hiring and whether this will truly lead to improved employment outcomes. Critics may argue that businesses should have the flexibility to hire the best candidates regardless of their residency, although the resolution's non-binding nature minimizes potential conflicts.
Urges and requests the Dept. of Economic Development to study the economic impact of the legislature authorizing a tax credit for certain barge line, towing, and water transportation companies
Requests the Department of Economic Development to encourage new and existing Louisiana companies to create strategies that would increase the number of women employed in STEM positions
Urges and requests Secretary of the Interior, Ken Salazar, to reconsider the directive that he issued which instituted six-month moratorium on oil and gas exploration in the Gulf of Mexico and to possibly alter that directive to minimize the negative economic impact of such directive on the already damaged economies of the state of Louisiana and the other oil and gas producing states along the Gulf of Mexico.
Urges and requests the Dept. of Economic Development to study the economic impact of the legislature authorizing a tax credit for certain barge line, towing, and water transportation companies
Requests the Department of Economic Development and the State Board of Commerce and Industry to suspend certain tax incentives, subsidies, and other public financial support for certain utility scale solar projects