Last Modified: September 12, 2008Business & Industry
See also: Auto Industry, Science and Technology
Due to a combination of unique factors, Shreveport-Bossier City has developed a vibrant and diversified economy that is expanding in all sectors. One factor that has historically played an important role in Shreveport’s thriving economy is its location on the Red River. In the 21st century, the Port of Shreveport-Bossier enables businesses to conduct trade efficiently in local, state, national and international markets. The Caddo-Bossier Port Commission also owns and manages a 2,000-acre industrial park where businesses can be conveniently located near the Port. Another factor is Shreveport’s strategic location on Interstate 20 where 48 million people can be reached in 24 hours or less by Shreveport’s 70 different freight carriers.
Shreveport-Bossier City has many favorable pro-business policies
Complementing its prime location on America’s transportation routes are Shreveport-Bossier City’s proactive business policies that encourage new business development. For example, Shreveport’s Economic Development Loan Program provides low-interest loans to investors who renovate commercial and industrial buildings to accommodate new businesses. Additional incentives are provided by Shreveport’s Inner City Economic Development Initiative to business owners who improve the inner city environment, and the Enterprise Zone Program provides tax credits and sales tax rebates to businesses located in specifically designated economic development zones. Shreveport also has a Technical Assistance Program for businesses that need more than financial assistance to achieve success by providing a Basic Business Education Program. The program includes instruction in the areas of business management, business law, marketing, accounting, computer usage, insurance, and other basic knowledge that is necessary to establishing a successful business.
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