Louisiana Senate Bill SCR64

Louisiana 2018 Regular Session

• Introduced: 4/10/18
• Passed: 4/10/18
• Engrossed: 4/10/18

Caption

Recognizes Wednesday, April 11, 2018, as Ports Day at the state capitol.

Impact

The resolution emphasizes that Louisiana’s ports facilitate around 25% of the country's waterborne commerce, directly translating into substantial economic contributions. The ports not only help sustain jobs in various sectors, including agriculture and petrochemicals but also generate significant state and local tax revenues. The dialogue surrounding this resolution is rooted in a recognition of the critical infrastructure that supports trade and economic vitality in Louisiana.

Summary

SCR64 is a Senate Concurrent Resolution recognizing Wednesday, April 11, 2018, as Ports Day at the Louisiana State Capitol. The resolution serves to highlight the significance of Louisiana's ports and their role in bolstering the state’s economy. It expresses gratitude for the various ports that collectively contribute to local, regional, and statewide economic growth, showcasing the interconnectedness between producers and markets across the globe.

Sentiment

Sentiment around SCR64 is overwhelmingly positive, as it celebrates the ports' contributions and acknowledges their importance in economic development. Lawmakers and stakeholders recognize that the port system is vital for sustaining jobs and fostering industrial growth, thus reflecting a collective appreciation for the industry’s critical role in the economy.

Contention

While SCR64 garners broad support, discussions around port infrastructure invariably raise considerations related to funding and investment. The state aims to undertake significant projects projected to cost around $1.8 billion in the next five years. As such, stakeholders often engage in discussions regarding the best methods for financing these projects and ensuring that the funds yield maximum benefits for local communities and the overall economy.