Louisiana Senate Bill SR102

Louisiana 2016 Regular Session

• Introduced: 5/2/16
• Passed: 5/2/16

Caption

Designates May 3, 2016, as Louisiana Chemical Industry Day.

Impact

The passage of this resolution aims to highlight the essential role the chemical industry plays in the economic development of Louisiana. With an annual production valued at nearly $58 billion, the chemical sector is one of the largest in the nation. The industry significantly contributes through direct and indirect tax payments, bolstering state and local revenues. Hence, this resolution indirectly supports policies that favor the continued growth and sustainability of the chemical industry within the state.

Summary

Senate Resolution 102 designates May 3, 2016, as Louisiana Chemical Industry Day, underscoring the significance of the chemical industry to the state’s economy. The resolution recognizes the state’s rich natural resources, such as oil and natural gas, which have helped foster a robust chemical manufacturing sector. This industry is not only critical for the local economy but also a major contributor to employment, generating approximately 27,000 direct jobs and an additional 14,000 indirect jobs across nearly all parishes in Louisiana.

Sentiment

The sentiment surrounding SR102 appears to be overwhelmingly positive, characterized by a collective acknowledgment of the chemical industry's contributions to the state's labor market and economic landscape. Stakeholders from the industry emphasize their commitment to the community and the shared goals of maintaining safe, clean, and prosperous environments for all residents. The resolution serves to unite the various entities within the industry while fostering appreciation from the broader community.

Contention

While the resolution itself does not seem to elicit major points of contention, it exists against a backdrop of ongoing discussions about environmental impacts and the need for sustainable practices within the chemical industry. Some may critique the emphasis on industry day celebrations as overlooking the environmental considerations associated with chemical production. However, the resolution primarily functions to celebrate and promote the positive economic impacts rather than delve into criticisms of industry practices.