Plant managers in the Baton Rouge area expect a pause in capital investments over the next six months, according to the Greater Baton Rouge Industry Alliance’s member survey.
The “stagnant outlook” for capital projects may be related to the upcoming presidential election or higher taxes passed by the state Legislature, GBRIA Executive Director Connie Fabre said. But the most likely cause is uncertainty in the market due to the drop in oil prices.
The association includes 60 petrochemical, energy, paper, pharmaceutical, pipeline, storage terminal and other industrial facilities located in eight parishes around Baton Rouge. Plant managers of 42 sites, 70 percent of GBRIA members, weighed in on what they believe the next six months hold for their plants.