Louisiana Workers Compensation State Office and Louisiana Workers Compensation Court serving the following Parishes: Bossier, Bienville, Caddo, Claiborne, DeSoto, Red River, Webster
Although it was founded relatively late in Louisiana’s history, the city of Shreveport has risen to the position of the state’s third largest city. Indeed, since its inception in the 1830s, Shreveport has proven to be an invaluable hub of transportation and major economic powerhouse in the region.
Based primarily in Caddo Parish (it also extends into nearby Bossier Parish), Shreveport is situated on the banks of the Red River. This waterway had a significant impact on the city’s development throughout the 19th century, but it has since been surpassed by an abundance of railroad and highway traffic. As with many cities in Louisiana, Shreveport was both blessed by the oil boom in the early 20th century and devastated by the oil bust in the 1980s. Prior to the bust, Shreveport’s economy had very little diversity, and was heavily reliant on the continuing benefits that oil and petroleum brought to the region. The recent discovery of the Haynesville Shale natural gas reserve has echoed the oil frenzy of the past to a degree, and has noticeably improved the prospects for Shreveport’s economy.
Industrial development, particularly refining plants, metal factories and manufacturing plants, is one of the largest contributors to the Shreveport metropolitan area. Many individuals are employed in these industries which, in concurrence with the transportation business, bring in capital. Unfortunately, Shreveport has not escaped the national economic downturn, outsourcing of factories and other factors that force manufacturing plants into bankruptcy and closure.
The most visible result of these economic setbacks is that Shreveport has taken great strides in diversifying its industries. At present, the service industry is the forerunner in the city. This is a result of the burgeoning tourist trade, which is rooted in the expanding number of casinos in the area, and in the growth of Shreveport’s population. Indeed, while the many parishes in Louisiana were crippled by the devastating effects of Hurricane Katrina, Shreveport has benefited from the influx of displaced Louisianians seeking a new home. The competition in the city’s job market has increased, but the boon of a larger population has had a positive impact on the service industry, which is currently the primary safety net for the Shreveport economy.
If you have any questions about your Shreveport, Louisiana legal matter, please give Lavis Law Firm – Personal Injury & Accident Attorney a call at toll free 1-866-558-9151 or submit your inquiry online. We help people recover money from corporations, insurance companies and governments by overcoming problems, hassles and delays.