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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