The Greater Bossier Economic Development Foundation (GBEDF) has recently released the 2017 economic information and statistics guide for Bossier City and Bossier Parish. The publication serves as a one-stop shop for economic information and was produced to assist existing businesses in their decision-making process and can be used as an introduction to business leaders who may consider bringing a new business or industry anywhere in Bossier Parish.
The GBEDF understands the importance of providing information on economic activity for the Bossier MSA and the need to have a comprehensive publication to make the process easier for business development.
“The GBEDF monitors economic indicators and provides the information as a free resource to the business community. The data provided here, within this publication, is both informative and predictive.” shares GBEDF executive director, Rocky Rockett.
The annual publication details economic data on the Bossier MSA and profiles population and demographics including cost of living comparisons, changes in population for Bossier City, Benton, Haughton, and Plain Dealing and includes household income levels for Bossier City and Parish. The publication also provides information on updated state incentives, the local business environment, labor and workforce trends, and provides a snapshot of the construction/real estate development.
“GBEDF’s tagline says it all … “Bossier Means Business.” The data represented within our publication clearly shows us as a community to be strong and sound.” said Rockett
“For example, working with our partners at the state, LED analysts helped us to forecast population growth for the Bossier MSA. These population forecasts estimate a 7% increase for Bossier City and an 8.6% increase for Bossier Parish over the next five years. Combined, the city and parish can expect the potential to add over 16,000 new residents by 2022.” adds Rockett
“Additionally, Bossier Parish notes positive changes in the area’s annual employment figures. According to the latest report form the U.S. Bureau of Labor Statistics, Bossier Parish’s unemployment rate fell from 6% in 2016 to 5.1% in 2017.” states Rockett
“Taking a closer look at employment numbers within Bossier’s major industry sectors, we see an increase in the number of IT, education, and healthcare related jobs from last year as well as an uptick in manufacturing. Jobs within these sectors are high quality and value-added employment opportunities.” shares Rockett
In addition to the annual economic information and statistics guide, the Greater Bossier Economic Development Foundation also releases a monthly report highlighting the economic indicators for the Shreveport-Bossier MSA. The report includes data based on employment figures, retail sales, residential and commercial construction, Bossier City casino revenue and cargo tonnage from the Port of Caddo Bossier.
“GBEDF is committed to providing as much detail on the activity of our local market as possible. Many businesses rely on this timely information, and it provides a great snapshot of the community’s overall health.” said Rockett
For a closer look at the GBEDF’s 2017 economic information and statistics guide publication, or to view the monthly economic indicator report, visit the foundation’s website at www.gbedf.org.