Local Benefits
FG LA LLC’s (FG) $9.4 billion investment is expected to generate widespread economic benefits for the local area and the state.
Construction (2019-2028)*
- Peak construction workforce of more than 8,000 people.
- New state and local taxes related to construction activity and employment.
- Creating 4,454 net new jobs for the state, with 3,474 per year of those in St. James Parish.
- Generating about $362 million in taxes for state and local governments, with nearly $207 million being collected in the St. James area (which includes Ascension, Assumption, Lafourche, St. James and St. John the Baptist parishes).
Operations*
| PHASE ONE | PHASE TWO | TOTALS | |
|---|---|---|---|
| Permanent Jobs (average salary $84,500 plus benefits) |
720 | 480 | 1,200 |
| Net Jobs | 2,374 | 1,626 | 4,000 |
| Local Spending | $300 million | $200 million | $500 million |
| State and Local Taxes | $20 million | $13 million | $33 million |
* Numbers above are approximated estimates based on an April 2018 economic impact study conducted by LSU economist Dr. Jim Richardson.