A Plan For St. Tammany’s Growing Economy

The economy and housing market are the strongest they have been in the past 10 years.  As the housing market and economy thrive so does the ever-changing communities throughout the country.  St. Tammany Economic Development District wants to evolve with the ever-changing market.
The St. Tammany Economic Development District is the forefront of St. Tammany’s economy. As stated on their site, the agency’s objective is to “seek to preserve and promote the quality of life by strengthening and supporting vibrant economies.” Businesses and Residence can follow the community’s economic development, successes and future opportunities found throughout St. Tammany via the agency.

St. Tammany is a great area to both live and work.  With the low cost of living and the strong business climate, the parish is on a growing trend and is home to industries that include advanced manufacturing, corporate headquarter offices, distribution and logistics, oil and gas, information technology, and healthcare and biosciences. The current population of 255,000 and civilian labor force of over 126,000 keeps this strong economy going.

Along with the growth comes competition with other attractive communities throughout the state and the country. Chris Masingill, who leads the St. Tammany Economic Development District, announced a plan to attract and keep businesses in St. Tammany Parish to the St. Tammany West Chamber of Commerce, November 10, 2018, at a breakfast held at Tchefuncta Country Club. First on the agenda is to rebrand St. Tammany Economic Development District with a name change to “St. Tammany Corp.” and a new logo.

Masingill explained that along with the name change, the St. Tammany Corp. will have a new framework for how it handles business in the Parish. They will focus on many factors which include how the Parish’s various communities interact with each other to the role of government and tax incentives in economic development.

“This is not just an academic exercise,” Masingill said. “We’re looking at everything.”
A study will be conducted on how the agency wants to expand its “regional reach.” Masingill wants to establish a good working relationship with other agencies in the Parish, the economic development group Greater New Orleans Inc. and even over state lines.  The plan for the new framework is slated to be completed by year’s end.

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St. Tammany Parish Students Prepare for New Industry Jobs

Dual enrollment in both high school and college will be available to St. Tammany Parish students with the advent of joint enrollment programs with St. Tammany Parish high schools and Southeastern and Northshore Technical College.  Programs are being implemented in local high schools focused on getting students to think about their career goals, whether they want to attend a 4-year college, a 2-year college, or go to a technical school.  For those students who have no plans for additional education after high school, the program gives students direction on where they can get technical certifications in a field in which they are interested.

In addition to this early planning for St. Tammany Parish high school students, a new task is now

being considered by  a panel of experts who met Tuesday, October 10th to brainstorm about how to prepare upcoming graduating students to be able to join an ever-changing workforce.  One of the unique ideas being discussed is preparing students for jobs that do not yet exist.  The panel of experts include educators, members of the economic development foundation, and business associates.

St. Tammany Parish Schools’ Superintendent Trey Folse, as well as Assistant Superintendent Regina Sanford are members of this panel.  Representing Northshore Technical Community College is Chancellor William Wainwright and university president John Crain represents Southeastern Louisiana University.

Programs are being developed and will be developed based on a supply and demand basis, which is why these experts are constantly touching base with local businesses to see what demands will need to be met by the emerging workforce.

“If our school system fails, your business is not far behind,” Folse told the audience.
Wainwright, meanwhile, said educators are constantly consulting with industry and economic development leaders to determine what programs are needed to meet future demand. “The programs we offer are supply and demand driven,” he said.

One of the tools that will be used to assist high school students to reach the next level will be the $10 million science, technology, engineering and mathematics campus that has been built in Lacombe and opened in February of this year. The industries that will be offering programs through this campus are biological sciences, maritime, information technology and business preparation for students interested in moving forward to get a 4-year degree.

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