Could Exxon’s ITEP Troubles In Baton Rouge Affect the Entire State Economy? [VIDEO]
Economist Dr. Loren Scott talks with 101.7 / 710 KEEL's Robert J Wright and Erin McCarty about the state's Industrial Tax Exemption Program, and how a recent tax exemption "no" vote in East Baton Rouge Parish for Exxon could send economic shock waves across Louisiana.
Scott tells KEEL listeners how an executive order by Governor John Bel Edwards returned the power to continue exemptions to the parishes and how ending tax breaks for some of the state's biggest employers is affecting local economies. From a Scott article at growlouisianacoalition.com:
"My latest report on the economic impact of ExxonMobil’s four facilities indicates the company employs 6,915 employees and contract workers at an average wage of $74,158 a year — 51 percent above the average wage in East Baton Rouge Parish. For the last 10 years, the company has invested in excess of $250 million a year in capital spending at these plants. Taking into account the multiplier effect, every 10th job in the parish can be traced back to these four plants. Yet, Together Baton Rouge says ExxonMobil is not doing enough."
To read Dr. Scott's complete assessment of the current ITEP situation, JUST CLICK HERE!
More From News Talk 96.5 KPEL
![Truck Crashes Through Louisiana Convenience Store, Injuries Unknown](http://townsquare.media/site/36/files/2024/07/attachment-451428443_875361657961063_9009058308210370374_n.jpg?w=980&q=75)
![Lafayette Police Seek Public’s Help in Identifying iPad Theft Suspect](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-2024-07-15T194605.280.jpg?w=980&q=75)
![Alleged Donald Trump Shooter Spotted Nearly 30 Minutes Before Shots Fired](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2161431349.jpg?w=980&q=75)
![WATCH: Would This Viral ‘Texas Gumbo’ Pass a South Louisiana Inspection?](http://townsquare.media/site/36/files/2023/12/attachment-Texas-Gumbo-Pepper-Belly-Pete.jpg?w=980&q=75)
![Donald Trump Has Made His Vice Presidential Pick](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2159730000.jpg?w=980&q=75)
![CHECK IT OUT: You Can Rent This Awesome Tower in New Iberia, Louisiana](http://townsquare.media/site/36/files/2024/07/attachment-new-iberia-airbnb-2.jpg?w=980&q=75)
![Man Wins $100,000 With Lottery Strategy From Watching ‘Lottery Changed My Life’](http://townsquare.media/site/33/files/2022/04/attachment-giorgio-trovato-BRl69uNXr7g-unsplash.jpg?w=980&q=75)
![Louisiana to be Prominently Featured at Republican National Convention](http://townsquare.media/site/36/files/2024/07/attachment-RNC-LOGO.jpg?w=980&q=75)
![Dramatic Footage Shows Shooting From Outside of Popular Louisiana Bar](http://townsquare.media/site/36/files/2024/07/attachment-Screen-Shot-2024-07-10-at-1.25.13-PM.jpg?w=980&q=75)