News Summary
Will Green takes over as CEO of the Louisiana Association of Business and Industry (LABI), succeeding Stephen Waguespack. As the new head, Green aims to drive significant reforms in taxation, education, and insurance while addressing Louisiana’s transportation infrastructure and workforce development challenges. LABI’s advocacy efforts will focus on improving auto insurance laws, enhancing education funding, and restoring essential tax credits for businesses, all in an effort to strengthen Louisiana’s economy.
Big Changes in Baton Rouge as Will Green Steps Up for LABI Leadership
Exciting times are ahead for Baton Rouge, Louisiana! As of September 26, 2023, Will Green has officially taken the helm as the new CEO of the Louisiana Association of Business and Industry (LABI). Green succeeds Stephen Waguespack, who decided to run for governor. LABI, based right in the heart of downtown Baton Rouge, is quite the powerhouse, representing over 2,000 employers and influencing Louisiana’s political landscape through its considerable campaign contributions and legislative clout.
Legislative Session Kicks Off
The 2024 legislative session is heating up, and Green is optimistic about what’s in store. LABI is already set on advocating for a range of reforms, particularly in taxation, education, and insurance. Just last year, the Louisiana legislature made significant strides in tax and education reforms, thanks to LABI’s relentless efforts. And this year, they have some ambitious plans on their agenda!
Insurance Reforms: Tackling the Costly Crisis
One of LABI’s key focuses is tackling the ongoing issues surrounding auto insurance. The organization is pushing for new legislative measures that they argue will make it tougher to win large payouts in car accident lawsuits. The idea is that by reducing the risks for insurers, auto insurance rates might finally see a downward trend. Teaming up with Insurance Commissioner Tim Temple, LABI aims to advocate for laws that prevent what they call “jackpot justice.” Green believes that these changes could be crucial for attracting more insurance companies to Louisiana.
However, this push for reform isn’t without its challenges. The state has grappled with a complex insurance climate, and previous attempts to alleviate the crisis didn’t quite make the cut, leaving residents and businesses in limbo.
Education Funding and Workforce Development
In education, LABI is fighting hard for increased funding for early childhood education. Given the fierce competition for state resources, Green must navigate a tricky landscape. Yet, LABI’s commitment to uplifting Louisiana’s children remains unwavering. Green also emphasized the need for better workforce development programs to equip residents with the skills they need for available jobs.
The state is facing significant challenges concerning labor force participation, especially among parents with young kids who find it difficult to afford childcare. This issue costs Louisiana a staggering $1.3 billion annually due to employee absences and turnover. Green believes that improving access to quality childcare can directly benefit the workforce and help families thrive.
Transportation Infrastructure Needs Attention
Green is also keen on addressing Louisiana’s transportation infrastructure. Studies have shown that poor road conditions and deficient bridges are not just an inconvenience; they hamper economic development. A robust transportation system is vital for facilitating commerce and supporting local businesses.
Tax Policy and Business Climate
On the economic front, LABI is determined to restore a crucial tax credit for businesses tied to local inventory taxes, which is set to expire in July 2026. Additionally, the organization highlights the need to restructure the Louisiana Workforce Commission in a way that better serves residents and boosts job training efforts.
And it’s not all serious business! LABI recently honored ExxonMobil’s Baton Rouge manufacturing unit as the 2024 Large Manufacturer of the Year for its substantial contributions to the local economy. Such accolades showcase the positive impact of businesses in the state while motivating others to invest and grow here.
The Road Ahead
All in all, Will Green is gearing up for an exhilarating journey as he leads LABI through this critical time in Louisiana’s legislative landscape. It’s clear he’s ready to tackle the insurance reform hurdles and champion for the education and workforce initiatives that could really make a difference. Baton Rouge, keep an eye out—exciting changes are definitely on the horizon!
Deeper Dive: News & Info About This Topic
- State Affairs: LABI Tax Cuts and Jobs Act of 2017
- Chemanalyst: ExxonMobil Named 2024 Large Manufacturer of the Year
- The Advocate: Personnel Moves at LABI
- WAFB: LABI Discusses Legislative Wins for 2024
- Wikipedia: Louisiana Association of Business and Industry
