Shreveport, Louisiana, and nearby Bossier City are key logistics points for ferrying goods and commodities through their corner of the Eleventh Federal Reserve District.
Dallas Fed President Lorie Logan visited the area in June and heard from business leaders about the local economy and economic development plans.
While Shreveport still relies on the oil and gas industry, a renewable-energy logistics company is expanding its footprint in the area. And a new facility that makes parts for wind farms and solar parks is expected to create new jobs.
The busy industrial sector in part drove overall commercial real estate lending in northern Louisiana up by 23 percent for the one‐year period ended March 31, according to data from the FFIEC, Reports of Condition and Income (Call Reports).
Combined with a defense industry anchored by nearby Barksdale Air Force Base, business leaders counted logistics as an economic cornerstone. However, they also told Logan that the area’s ability to attract and retain the workforce needed to support those industries is an area of concern.