Louisiana policy-makers, from Republican Gov. Jeff Landry to the Legislature to the Public Service Commission, can’t blow the huge generational economic opportunity that, whether entirely intended, has come the state’s way.
In the past three months, two separate data center campuses have hit the drawing board in the state. The projects by Meta and Hut 8 (which may team up with Meta) if completed (scheduled within the next year or two) will change and in quantum fashion the state’s high technology sector. It’s part of a sweeping trend in the industry that plays exactly to the state’s strengths.
As cloud computing and artificial intelligence gain wider penetration into the global economy, areas that have three assets will win economic development based on these that in each instance attracts billions of dollars in investments and creates hundreds, even thousands, of well above-average paying jobs: lots of relatively inexpensive land, loads of relatively inexpensive energy sources, and a workforce enabled to service it all. And in these, Louisiana has hit the jackpot.