This
benchmark is intended to provide an indication
of progress toward development and diversification
of the state’s economy. Louisiana Economic
Development’s targeted cluster areas,
which are the clusters being measured by this
benchmark, include:
- Advanced materials
- Logistics & transportation
- Agriculture, forestry, and
food technologies
- Durable goods/manufacturing
- Entertainment
- Information technologies
- Medical and biomedical
- Oil, gas and energy technologies
- Petrochemicals and environmental
technologies
-
Non-specified
manufacturing
The U.S. Department of Commerce’s
Standard Industrial Classification (SIC)
system has been used for many years to group
companies according to the type of business
in which they are engaged. These categories
allow Federal and state government agencies
and other groups to track and provide consistent
information by industry. The SIC system
has recently been updated to better reflect
today’s economy and meet its data
requirements. The new system, known as the
North American Industry Classification System
(NAICS), identifies more than 350 new industries.
To identify the number of
firms, employment, and wages in the targeted
clusters, LED cluster directors assisted
in identifying the NAICS codes that are
included within each of their cluster areas.
These selected NAICS codes, were used with
data provided at the 6 digit NAICS code
level by the Louisiana Department of Labor
to identify the number of firms, employment,
and wages paid in each cluster area. Those
data are presented in the aggregate in this
benchmark.
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