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Boardwalk Suites
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The Market
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Operations Manual
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THE MARKET

February 5, 2024

Industrial boom to result in 24,500 new jobs through 2025

With large industrial projects leading the way, the Baton Rouge region is projected to add 24,500 jobs over the next two years, according to the Louisiana Economic Forecast, an annual report published by economist Loren Scott. This growth will drive strong demand for extended stay housing in Baton Rouge.

"This is the most optimistic growth rate that I've ever shared for the Baton Rouge area."


Economist Loren Scott

LOCAL CONTRACTORS RAMPING UP STAFF

Turner Industries, which already employs 10,000 people, is expecting to add 3,000 more workers to handle the boom, Scott’s report said. The Baton Rouge area has $11.6 billion worth of industrial projects underway,

HIRING 5,400 INDUSTRY WORKERS

According to a Greater Baton Rouge Industry Alliance Survey, the region will need 5,400 more industry workers by 2025, including 2,000 electricians, 500 instrument technicians, 700 millwrights and 2,200 pipefitters and contract welders.

$4.5B Blue Hydrogen Plant

Gov. John Bel Edwards and Air Products' Chairman, President and CEO Seifi Ghasemi announced the company will develop a $4.5 billion clean energy complex near Burnside in Ascension Parish.

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Direct Air Capture Projects in Two States Receive $1.2B From DOE.

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Shintech’s $1.3 billion expansion of its PVC pipe manufacturing facilities in Iberville and West Baton Rouge parishes.

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Renewable Energy Group’s $1.2 billion expansion of its Geismar biorefinery.

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Boardwalk Suites Management Group

11314 Boardwalk Drive, Baton Rouge, LA 70816

225-228-0098

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