Shreveport-Bossier first in Nation for...economic decline...

Shreveport-Bossier first in Nation for...economic decline...

Ranking in 2012...
           Shreveport-Bossier once again makes national headlines, but unfortunately not for a good reason. A new report out of the U.S. Department of Commerce says the metropolitan area is first in the country for economic decline.

        That study shows Shreveport's GDP has experienced the worst drop in 2012 at 11.1% out of nearly 400 other metropolitan areas. 
       Experts suggest a main reason could be Haynesville Shale boom and bust.

 "I don't think anyone had any idea we would go from where we were, to where we are now. It's not done, but it's different," City council chairman Michael Corbin said.

      Another economic hit came from the GM plant closure. However, despite the downward trend many believe the area is well on the way to recovery.

 "With the addition of I-49 and Bentler Steel, you have BPCC and everything they've achieved. I feel confident we'll pull up from the recession. The only good thing about being at the bottom of that list is we're gonna get better," LA Rep. Henry Burns said.

   To read the full report:  
Page: [[$index + 1]]
comments powered by Disqus