Greater Shreveport Chamber of Commerce (318) 677-2500 Wednesday, September 27, 2006
Ward II Industrial Park Names Road
The Caddo Parish Commission along with a host of dignitaries and Ward II Industrial
Park partners were on hand for a special ceremony honoring Louisiana State
Representative Roy “Hoppy” Hopkins for his many years of service and leadership in north
Caddo Parish. During the ceremony, the main entrance road to the Ward II Industrial Park
was named for Rep. Hopkins.
Ward III Industrial Corporation was formed in the 1970’s at the urging of the towns of
Vivian and Oil City, in the hopes of attracting industries to the rural north Caddo area. At
the urging of then Police Juror Roy “Hoppy” Hopkins, 260 acres of land was purchased
through the Caddo Parish Industrial Development Fund from Texaco, Inc. for the park.
In 1994, Rep. Hopkins was successful in securing funds from the Shreveport-Red River
Riverboat casinos for the Caddo Parish Commission. These funds would benefit the Caddo
Parish School Board, Shreveport and Bossier Economic Development and Ward II Industrial
Park. Most of these funds were originally earmarked for Shreveport and Bossier City.
Since 1994, the Ward II Board, Vivian Industrial Development Corporation, local
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Chamber of Commerce and Caddo Parish Commission have purchased additional property,
NEXT #1 SMALL built roads, constructed a spec building, and other improvements to the park. The park is
BUSINESS? now one of the largest industrial parks in the state, measuring over a 1,000 acres. Ward II
has benefited to the tune of over 2.5 million dollars from the legislation and the Caddo
The U. S. Chamber Small Parish Commission, which has been so helpful in building roads, drainage and other
Business of the Year Award improvements, has received over 25 million dollars for other parish projects in the rural
returns in 2007 to pay tribute areas of north Caddo.
to the small business
community. Seven finalists State Has Recorded Participation in
representing each region in the $500 Million GO Bond Sale
country will be recognized for
Treasurer Kennedy Says State’s Improved Financial Outlook Was Key to Success
their accomplishments and one
The state had an all-time record number of investment firms participating in its $500
outstanding business will be
million general obligation bond sale on September 21, according to State Treasurer John
honored as the U. S. Chamber Kennedy. This was the state’s first new money general obligation bond series issued for
Small Business of the Year.
capital purposes since 2004.
Companies that have “The turnout indicates that the market sees the state’s credit as improving,” said
demonstrated excellence in
Treasurer Kennedy. “Louisiana has been working hard to fully recover financially from
business history and
Hurricane Katrina and Rita, and the success of this bond sale shows that our efforts were
commitment to customers, well worth it.”
employees, and the community
The state used the PARITY Internet bidding platform to retrieve competitive bids from
will receive the Blue Ribbon nine investment firm syndicates. The online system maximizes the number of investors who
Small Business Award.
can participate in the bond sale, enables investors to revise bids until seconds before the
Application deadline is January
bid deadline, and leads to the most cost-effective interest rate possible for the state.
15, 2007! For more info see:
Morgan Stanley beat out bids from other participating investment firms with a 4.277 true
“This interest rate is a good indicator of the market’s reception of these bonds,” said
NETWORK – PROMOTE
Treasurer Kennedy. “We had a 4.56 percent rate at our July sale of Gulf Tax Credit Bonds,
so we were very pleased with the results, especially considering what the state has gone
For more news and info through as a result of the hurricanes.”
on upcoming events Moody’s, Standard and Poor’s and Fitch gave the state’s general obligation bonds a rating
outlook of “stable” and affirmed their respective ratings on the bonds. Fitch and S&P
affirmed the state’s “A” rating, and Moody’s affirmed its “A2” rating. FSA, a “AAA” rated
insurer, provided bond insurance for the deal.