Louisiana Gateway Port Releases Economic Impact Report

BELLE CHASSE, La., July 14, 2025 /PRNewswire/ -- The Louisiana Gateway Port (LGP), is pleased to release its report, "Economic Impacts of the Louisiana Gateway Port Tenants on the Regional and State Economies." This comprehensive analysis highlights LGP's significant contributions to economic output, job creation, and global trade connectivity.

As a modern multimodal gateway for trade, LGP plays a pivotal role in driving growth and fostering economic development. The report highlights LGP's strategic initiatives, including Venture Global LNG and future marine terminal projects, which are designed to enhance national competitiveness and sustainability.

Key highlights from the report include:

• $6.5 billion in economic value generated annually
  
  
• 32,015 jobs created with an average wage of $75,134
  
  
• $136.3 million in annual tax revenue

From 2021 to 2024, capital spending by LGP tenants has resulted in:

• $18.3 billion in sales for Louisiana businesses
  
  
• $419 million in state revenue
  
  
• $6 billion in new earnings for Louisiana households
  
  
• 157.4% growth in parish construction employment

LGP's success is closely tied to robust partnerships across the public and private sectors. "This report is intended to support informed decision-making, foster collaboration, and affirm our commitment to driving shared prosperity across Louisiana and the broader Gulf of America. We thank our partners for their continued support," stated Charles Tillotson, Executive Director of LGP.

The newly branded Louisiana Gateway Port (LGP) is located on the first 81 miles of the Mississippi River where the river meets the Gulf of America. LGP provides water access to more than 20 states. Because there are no bridges along this stretch of the river, there are no air draft issues for ships, a critical issue for the larger vessels plying the ocean today.

Prepared by Louisiana Economist Dr. Loren Scott, the report can be viewed at https://louisianagatewayport.com/economic-impact-analysis/.

About Louisiana Gateway Port: The Louisiana Gateway Port, located at the mouth of the Mississippi River, is a leading maritime hub along the Gulf Coast. With its strategic location on the Mississippi River, the Port plays a pivotal role in fostering economic growth, supporting local industries, and connecting communities. Equipped with modern terminals and facilities, the Port handles a diverse range of cargo and implements environmentally sustainable practices. The Port owns and operates the ferry system in Plaquemines, an essential connectivity asset. Through its operations, the Port generates employment opportunities, stimulates regional economic diversification, and fuels long-term prosperity.

SOURCE Louisiana Gateway Port at Plaquemines Parish