https://youtu.be/RWTic9btP38
Tax breaks can be used for allowing those who see a risk with the land (especially for commercial, industrial, or other real estate owned) to be given such tax breaks to mitigate the risk of a faulty issue. Over the last 20 years, Louisiana is a hurricane state and flooding risk is prominent. I wonder what the threshold is of when such industries will leave due to being taxed higher due to the higher risk. Judging about neighboring Texas and Mississippi, the answer is the industry will be more hesitant to grow but not expand their facilities due to the tax risk involved. Many of the companies are petrochemical, mineral, and transportation (maritime and over land.)
At the same time such tax revenues used to shore up social programs to reduce crime, education improvements, and tech investments will cause a competitive nature to the employment situation in Louisiana. It is possible that many industries that rely on low priced labor do not want their labor pools to be lured by other industries (competition for the labor) and will lobby for stronger tax exemptions at the state goverment level rather than the local level (although the local level many firms will still try.)
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