[{"_1":2,"_88":-5,"_89":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6325030,"mediaKeyId","2335079-885bd74220e42d53b60f52086721fc28","parentId",2335079,"title","Board hears McKinsey strategic plan diagnostics; vote deferred after debate on metrics, talent and placemaking","audioSeconds",338,"startMs",1154000,"endMs",1492000,"viewUrl","/Search/View?dp=1&key=2335079-885bd74220e42d53b60f52086721fc28&start=1154&end=1492","thumbnailUrl","https://assets.pipeline.soar.com/2335079-885bd74220e42d53b60f52086721fc28/thumbnail_1154000.jpg","articleUrl","/articles/6325030/Louisiana/Board-hears-McKinsey-strategic-plan-diagnostics-vote-deferred-after-debate-on-metrics-talent-and-placemaking","mediaUrl","https://secure.pipeline.soar.com/6325030-d3e8867a3cffb2f96b190d10a9df0e1c/orig.mp4?Expires=1771090374&Signature=Ke68KmUfoGz7R9QVBjznKOwR4vfqU93AyE8QxZs9vVRK-9EV5vx4rj6akvrOgpj4v28dTHgDddYDdmt7SWnaRSdV8LXqL3klI0L67CebORDkCgzD4aF~qC0utaYdUpiM48EXJupDHdcBh~pX6lKu6rBB-tUnzEzWM-uBJiVvQMIjSguC8BJskubSRHyQfhXr4Ft-a241YGstr2nSf-XVGlQpQgzfDxExgOYpo2ia18NHD3kVCtp3JlKHM8Cv0AsCPk~6RL1zVzUMQjdQhrVk44VuGaRSSawPP6UDbGh3KqoUaJF7BhQw94Pt3Q5rpWhCIdJqSIiQ2Y9j~C9LWvOqJw__&Key-Pair-Id=KUT5TJCACFTXG","author","Louisiana Legislature","date","2025-02-18T00:00:00Z","article","McKinsey partner Ben Saffron briefed the Louisiana Economic Development (LED) Partnership Board on the firm’s diagnostic work and an emerging strategic framework intended to guide LED and its partners. The presentation identified high-specialization asset sectors, opportunities for “adjacency” bets such as biopharma manufacturing and cybersecurity, and significant workforce supply–demand mismatches that hinder growth.

Why it matters: The strategic plan is meant to prioritize state investment, coordinate an all-of-government approach and set measurable targets to improve Louisiana’s competitiveness. Board members debated proposed scorecard metrics, emphasizing the need to balance near-term wins with longer-term investments in innovation, talent and quality-of-place.

McKinsey said its sector analysis points to several areas where Louisiana has a “right to win,” including energy, process industries, transportation and logistics. Saffron said the firm also identified high-growth national sectors where Louisiana is currently under‑specialized — notably technology and life sciences — and recommended focused, regionally tailored “bets” to build capability in those areas.

The consultants and board members singled out talent as a central issue. McKinsey showed data indicating that while population growth has turned positive (largely from international migration), domestic out‑migration of college‑educated residents remains a concern; the presenters said roughly 40% of those who leave have a bachelor’s degree or higher while only 25% of the population holds that credential. The firm recommended aligning higher-education outputs, community colleges and apprenticeship programs with the priority-sector skills employers need.

Board members pressed McKinsey on the proposed scorecard of five pillars — ease of doing business, high-wage employment, thriving regions, growth and innovation, and global impact — and on which metrics should be clear LED accountability measures versus broader statewide outcomes. One board member said LED should be held to KPIs LED can directly affect, while the board as a whole should track broader outcomes that require whole-of-government action.

After extended discussion of metrics and implementation priorities, the board agreed to defer a formal vote on the strategic plan to a future meeting so McKinsey and LED can revise initiative-level detail, KPIs and operational steps. The motion to defer was seconded and approved by voice vote; the board did not adopt any portion of the plan at this meeting.

Ending: McKinsey and LED will return with a revised plan and a prioritized set of initiatives tied to measurable KPIs and implementation roles; board members indicated they expect further work on regional specifics, workforce alignment and quality-of-place factors that affect talent recruitment and retention.","mediaType","Video","parentTitle","Louisiana Economic Development Feb 18, 9:00 AM","oneSentenceSummary","McKinsey presented diagnostic findings and a draft scorecard to the LED partnership board, emphasizing Louisiana's asset industries, talent gaps and a proposed five‑pillar scorecard. Board members requested further refinements and deferred a final vote on the strategic plan.","taxTitle","2025 Legislature LA, Louisiana","taxId",78558,"location","Louisiana","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6325035,"LED announces $50 million Growth Fund, readies incentive and site development legislation ahead of session",456,159000,615000,"/Search/View?dp=1&key=2335079-885bd74220e42d53b60f52086721fc28&start=159&end=615","https://assets.pipeline.soar.com/2335079-885bd74220e42d53b60f52086721fc28/thumbnail_159000.jpg","/articles/6325035/Louisiana/LED-announces-50-million-Growth-Fund-readies-incentive-and-site-development-legislation-ahead-of-session","https://secure.pipeline.soar.com/6325035-7ac44411b8e619631660cef1c67a34f3/orig.mp4?Expires=1771090374&Signature=TTN0Sc1K4390w--YEbYuM0tsvuIBTWn96ucreCV57D0zdQymBMV1PT~~d7vBwNpHHPxbSbiepTiUvyLIAU7SVcEkYYSN6KXQLxOQhviFkUjQIixYoDXbYp~EKR3K-w8qycPfptO0WZEPW2mSmCNXj1qb21IAb7Sk1nlmekmgzUqTu3oi9XQ31U1ki6~4IVsuxDy7R3eKtNCFO37VNr8jbcIK9qk-~OvJwNX5unqWmIL4vZlio8EArQjWhnKoeSq8sJk~6qMz5EUHa0~PYlvKRvSi2BDHvJ6e~w~gQw3LE0dNw1mH32KvGNI3cHRQ-5gGcvx-f1qtY6ogP1DrgUsQFg__&Key-Pair-Id=KUT5TJCACFTXG","Secretary Susan Bourgeois updated the Louisiana Economic Development Partnership Board on a series of innovation and investment initiatives on behalf of LED, including the launch of a $50,000,000 co-investment Growth Fund and an initiative called the Louisiana Institute for Artificial Intelligence. She said LED used the recent Super Bowl pavilion and related programming to raise the state’s profile to national audiences.

The announcements came during remarks that the secretary framed as part of LED’s first-year recap and a push into an implementation phase. The secretary said LED hosted thousands of visitors at the Super Bowl pavilion, attracted substantial press coverage and used the event to showcase the state’s energy and innovation assets.

Why it matters: The Growth Fund and the institute are intended to support in-state innovation and attract investment. Separately, LED staff said they are preparing legislation for the upcoming legislative session to create a new high-impact job creation program and to increase state investment in site development, moves LED officials said are meant to improve Louisiana’s competitiveness against neighboring states.

During the meeting Ileana Lade, LED’s chief economic competitiveness officer, described three priority areas LED staff has examined: Louisiana’s tax structure, site development and quality job creation. “We’re preparing to introduce legislation in this session,” Lade said, describing a new job creation program intended to focus on “high-quality, high-impact” positions rather than purely job counts. She said LED intends to engage industry stakeholders and legislators while developing the proposal.

On site development, Lade said other states are investing tens to hundreds of millions of dollars to prepare industrial sites and noted that Louisiana’s certified sites program leaves many sites with additional requirements — such as wetlands permitting or utility extensions — before they are truly development-ready. She cited examples of recent out‑of‑state site investment levels in the tens or hundreds of millions of dollars and said Louisiana has not made a comparable investment in recent years.

The board and staff also reviewed recent changes achieved during the special session, which staff credited with eliminating the corporate franchise tax and other streamlining measures. Bourgeois told the board a constitutional amendment tied to the tax package will be on the March 29 ballot and said passage of that amendment is still pending; she asked board members to pay attention to the campaign.

LED flagged the Super Bowl pavilion as a marketing success and said it generated earned media value staff estimated at roughly $2,000,000 for the state that day. Bourgeois and other speakers credited public–private collaboration in staging the pavilion and said the event demonstrated demand for a more prominent national narrative about Louisiana’s business and innovation opportunities.

Ending: Bourgeois said LED will print an annual report and distribute a prepress draft to board members. Board members asked staff to return with more detailed legislative language, regional site inventories and further detail on how the Growth Fund will be structured and governed; those specifics were discussed as “work in progress” and were not settled during the meeting.","At a Louisiana Economic Development (LED) partnership board meeting, leadership highlighted Super Bowl outreach, unveiled a $50 million co-investment Growth Fund and previewed proposed incentive and site-development legislation for the upcoming legislative session.","actionData","errors"]

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Board hears McKinsey strategic plan diagnostics; vote deferred after debate on metrics, talent and placemaking

LED announces $50 million Growth Fund, readies incentive and site development legislation ahead of session