Louisiana's FastStart® Program Ranked #1 Best Workforce Training Program for Eight Years in a Row - Business Facilities Magazine, 2017 

The SWEPCo LA Region

Southwestern Electric Power Company (SWEPCo), AEP’s operating company in Louisiana, Arkansas, and Texas, provides electricity to over 230,000 customers in 12 counties in northwest Louisiana. Louisiana ranks number one in several key factors that make businesses successful, and SWEPCo’s economic development experts work with prospective and existing businesses to identify smart and effective business opportunities in Louisiana.

Property Search

Find the best site in SWEPCo’s Louisiana territory to grow your business. Search our portfolio of certified sites, or all available sites and buildings.

Contact us if you’d like assistance with your search.

Advantages of Doing Business in Louisiana

Location & Infrastructure

  • Our territory offers navigable river access through the Port of Shreveport/Bossier City, leading to the deep-water port of New Orleans, one of six deepwater ports in the state
  • Within a day’s truck drive, Louisiana businesses can access 36% of the U.S. population
  • Six major interstates connect Louisiana businesses to the rest of the United States –  I-20 crosses four Gulf Coast states, and I-49 is a north-south intrastate connector
  • Six Class I railroads serve the state
  • Louisiana has the nation’s second largest refining capacity with enough miles of pipelines running under the state to circle the globe 4 1⁄2 times

ShippingCosts_LOUISIANA

Business Climate

  • Louisiana offers new business operations significant cost savings, offering the lowest overall tax burden in the country for R&D facilities, capital-intensive manufacturing, and labor-intensive manufacturing [The Tax Foundation and KPMG: Location Matters (2015)]
  • There’s no sales tax on manufacturing machinery and equipment, no sales tax on natural gas and business utilities, no capital gains tax on the sale of privately held businesses, no franchise tax on corporate debt, and minimum corporate franchise tax
  • Corporate Income Tax: 4% on first $25,000; 5% on second $25,000; 6% on next $50,000; 7% on next $100,000; 8% over $200,000
  • Louisiana’s use of single-factor sales apportionment to calculate manufacturers’ corporate income taxes provides significant cost advantage, because manufacturers are not taxed on earnings generated by sales to out-of-state entities
  • Sales and Use Tax: 4% state; 0 to 7% local rate
  • Property Tax: Statewide average effective rate; 1% of land FMV and 1.5 percent of businesses’ capital assets FMV; levied by cities and parishesText_Incentives_2
  • Louisiana has competitive incentives that can have a profound impact on a company’s bottom line
  • An expedited environmental permit-processing program maximizes time and efficiency for companies
  • Louisiana is a right-to-work state

Workforce & Education

Pie Chart of Louisiana's Sectors of Employment

  • Custom recruitment and training through the FastStart® program
  • More than 30 public colleges and universities across the state
  • Worker availability in key occupations:
Table of Workers (2015)
Jobs  Average Hourly Earnings
STEM 67,682  $31.15
Engineers 20,268  $43.51
Business 77,269  $26.08
Automotive Production 53,440  $18.19
Source: EMSI 2017.2

Electric Service

  • SWEPCo-Louisiana offers economic development rider incentives to qualifying new and expanding businesses in AEP’s Louisiana territory through 2016, and incentives are reviewed annually thereafter
  • Our industrial rates are lower than the national average

Bar Chart SWEPCo Louisiana Industrial Rates

  • SWEPCo owns 5,214 MW of generating capacity
    • Natural Gas: 46.8%
    • Coal: 45.1%
    • Wind: 8.1%
  • SWEPCo operates 719 transmission miles and 13,266 distribution miles in Louisiana

Louisiana is a recognized leader in economic development.

  • #1 State Exporter – U.S. Chamber of Commerce 2014
  • #1 Workforce Training Leader, #3 Best Business Climate, #4 Best Infrastructure, and #4 Economic Growth Potential – Business Facilities 2015
  • #1 Southern State attracting the most significant capital investment and job-creation projects per million residents – Southern Business & Development 2015
  • #3 in Projects per Capita and #9 in Number of Projects – Site Selection Governor’s Cup 2014
  • #8 State for Doing Business – Area Development 2015
  • #7 Best State for Business – Chief Executive 2015
  • AEP-served Shreveport- #1 Place to Build a New Business – WalletHub 2015

Key customers include:

  • Bayou State Oil
  • Benteler Steel
  • Calumet Lubricants
  • CenterPoint Energy
  • Chesapeake Energy
  • Dr. Reddy’s Laboratories
  • Jeld-Wen
  • Kinder Morgan Energy Partners
  • Libbey Glass, Inc.
  • Pratt
  • Ternium USA
  • The Frymaster Corporation
  • UOP, LLC
  • Weyerhauser Company

The principal industries we support are:

  • Chemical Manufacturing
  • Food Processing
  • Oil and Gas Extraction
  • Paper Manufacturing
  • Primary Metals

For details about bringing your business to Louisiana:

Louisiana Economic Development

Contact

Eric Basinger, CEcD

Eric Basinger, CEcD

Manager of Economic and Business Development

Southwestern Electric Power Company

318-673-3170

Email Me

Is your location served by AEP?   Map Your Location