Economic Prosperity

The economic prosperity of a city, state or nation is largely dependent on the amount, and type, of business being conducted there. Payroll, taxes and corporate purchases all contribute significantly to economic health — and indirectly to infrastructure, civic institutions and culture. In this section we have tried to share some key indicators of our impact on the Louisiana Operations community as well as of the economic performance of the site.

Here are some key indicators of our impact on the local community:

Capital Expenditures
Like good care and safekeeping of your own personal property, Dow also invests in its assets to ensure long-term productivity with the best available technology. The increase through spending from 1999 through 2002 also indicates the commitment to growth at Louisiana Operations with the construction of the Engage™ plant, Dupont Dow Elastomers, and construction of a co-generation power facility by American Electric Power. The decrease experienced in 2003, 2004 and 2005 largely reflects completion of several projects, as well as a decision to curtail spending in 2003 due to business conditions.

Capital Expenditures

Production
Production was lower again in 2005 due to the poor global economy.

Production

Local Purchasing
When it comes to local purchases, some products and services by their very nature will be bought locally, such as contract labor and certain maintenance activities. Dow's local purchasing department works closely with local suppliers to educate them about our strategic purchasing requirements. As a competitive, global enterprise, we have a responsibility to actively manage our costs. For certain products this means consolidating purchases and buying in volume independent of the location of the supplier.

Purchasing of equipment and supplies from Louisiana companies is a major investment by Dow. The dollars spent in the local communities include contract labor, equipment rental, materials & supplies and purchased services. The West Bank Purchasing Policy, which was suggested by the Community Advisory Panel (CAP), gives preference to businesses in Iberville, West Baton Rouge and Assumption parishes that can meet Dow's quality requirements and safety standards. Goods and services purchased from local suppliers in 2005 was approximately $63 million.

Payroll
Dow continues to be the major employer in the area with about 1,500 employees. Hiring of both technical and professional personnel as well as process technicians and administrative assistants continues in order to maintain our employee base in support of our operations. 31 were hired in 2004 and 88 people were hired in 2005.

Payroll

Taxes
Taxes paid by a company to the various authorities are an important part of our economic "footprint" in a country. In 2005 the various Dow subsidiaries around the world paid $1,600 Million USD in Corporate Income Tax, Property Taxes, Employer's portion of Payroll Taxes and various other non-income taxes.

In 2005 statewide, Dow, and its subsidiaries and partnerships paid more than $72 million in state and local taxes.


Letter from the Site Leader 2015 Sustainability Goals About Us Economic Prosperity Environmental Stewardship Corporate Social Responsibility Dow Corporate Report 2005 Dow Public Reports from Around the World 2005 The Dow Louisiana Operations Public Report 2005		Economic Prosperity The economic prosperity of a city, state or nation is largely dependent on the amount, and type, of business being conducted there. Payroll, taxes and corporate purchases all contribute significantly to economic health — and indirectly to infrastructure, civic institutions and culture. In this section we have tried to share some key indicators of our impact on the Louisiana Operations community as well as of the economic performance of the site. Here are some key indicators of our impact on the local community: Capital Expenditures Like good care and safekeeping of your own personal property, Dow also invests in its assets to ensure long-term productivity with the best available technology. The increase through spending from 1999 through 2002 also indicates the commitment to growth at Louisiana Operations with the construction of the Engage™ plant, Dupont Dow Elastomers, and construction of a co-generation power facility by American Electric Power. The decrease experienced in 2003, 2004 and 2005 largely reflects completion of several projects, as well as a decision to curtail spending in 2003 due to business conditions. Production Production was lower again in 2005 due to the poor global economy. Local Purchasing When it comes to local purchases, some products and services by their very nature will be bought locally, such as contract labor and certain maintenance activities. Dow's local purchasing department works closely with local suppliers to educate them about our strategic purchasing requirements. As a competitive, global enterprise, we have a responsibility to actively manage our costs. For certain products this means consolidating purchases and buying in volume independent of the location of the supplier. Purchasing of equipment and supplies from Louisiana companies is a major investment by Dow. The dollars spent in the local communities include contract labor, equipment rental, materials & supplies and purchased services. The West Bank Purchasing Policy, which was suggested by the Community Advisory Panel (CAP), gives preference to businesses in Iberville, West Baton Rouge and Assumption parishes that can meet Dow's quality requirements and safety standards. Goods and services purchased from local suppliers in 2005 was approximately $63 million. Payroll Dow continues to be the major employer in the area with about 1,500 employees. Hiring of both technical and professional personnel as well as process technicians and administrative assistants continues in order to maintain our employee base in support of our operations. 31 were hired in 2004 and 88 people were hired in 2005. Taxes Taxes paid by a company to the various authorities are an important part of our economic "footprint" in a country. In 2005 the various Dow subsidiaries around the world paid $1,600 Million USD in Corporate Income Tax, Property Taxes, Employer's portion of Payroll Taxes and various other non-income taxes. In 2005 statewide, Dow, and its subsidiaries and partnerships paid more than $72 million in state and local taxes.
	The Dow Louisiana Operations Public Report 2005 : Economic Prosperity Dow Home Privacy Statement Terms of Use Accessibility Statement Site Map Copyright © The Dow Chemical Company (1995-2009). All Rights Reserved.