The tourism industry is a major asset for businesses, providing them with a range of services and resources. Louisiana is one of the few states in the US where all six North American Class 1 railroads converge, and the only state where they converge with a deepwater port. This makes it an ideal location for companies looking to start or expand their operations quickly and efficiently. Businesses that receive, target, or serve visitors are investing in the tourism industry, as they are contributing to its growth. Louisiana offers a variety of resources to help develop and expand companies in the agro-industrial and food processing industries, which generate $11.7 billion annually for the state's economy.
The state has a highly productive and qualified workforce, low taxes, excellent infrastructure and logistics, a great business climate, and numerous incentive programs that give it a competitive edge in many sectors. According to an analysis by the Tax Foundation and KPMG, Louisiana has the lowest tax burden for new facilities, relocations, and facility expansions for both capital-intensive and labor-intensive manufacturing operations in the US. Transportation companies, hotels, restaurants and bars, shops, attractions, festivals, events, outdoor recreation providers, and entertainment venues all play an important role in the tourism industry. At the North Louisiana Travel Outlook conference, attendees will learn about the economic value of restaurants, retail stores, attractions, local businesses, events, casinos, sports venues, and more in terms of tourism. The exceptional transportation infrastructure and access to abundant natural resources combined with a wide selection of identified and certified sites make Louisiana an attractive option for chemical and fuel processing industry operations. Adam Sacks will be at the North Louisiana Travel Outlook conference to provide first-hand information about the impact of COVID-19 on the region's economy and tourism industry.
He has worked with destinations, industry associations, and companies around the world on opportunity and risk assessment, policy analysis, and economic impact. Businesses in Louisiana benefit from the state's competitive cost environment including low taxes and energy costs. Thanks to its network of manufacturers, natural gas pipelines infrastructure, the Mississippi River, and international ports Louisiana is known as a global competitor and an attractive place for new investments in the chemical sector. It is also one of the world's leading destinations for film production having produced more than 400 films over a 10-year period. As an expert in SEO optimization I can tell you that businesses should take advantage of all these benefits that Louisiana has to offer. By investing in this state's tourism industry you can gain access to a wide range of resources that can help your business grow.
From low taxes to excellent infrastructure to incentive programs that give you a competitive edge in many sectors - there are plenty of opportunities available for businesses looking to start or expand their operations quickly and efficiently. The North Louisiana Travel Outlook conference is an excellent way to learn more about how you can benefit from this booming industry. You'll get first-hand information from Adam Sacks about how COVID-19 has impacted this region's economy as well as tips on how you can make your business stand out from the competition. You'll also get insight into how you can take advantage of all the resources available in this state - from transportation companies to hotels to restaurants - so you can maximize your profits. Don't miss out on this amazing opportunity! Investing in Louisiana's tourism industry is a great way to ensure your business's success now and into the future.