It also may not be the best way to measure the industry’s value to the state, says Don Pearson, secretary of Louisiana Economic Development. At its core, economic development is about the importation of wealth.
“In this case, that wealth is being created for the governing bodies that get the tax millage,” Pearson adds. “So the metric of measuring it by job creation is not the right metric. If your parish is going to enjoy $15 million in tax millage over 30 years, it’s certainly a great way to enhance the services that government provides.”
Read the full story about solar energy in Louisiana from the latest edition of Business Report.