Economy
Winnsboro is located in Northeast Louisiana, strategically situated on four-lane LA. Hwy, 15 to serve the tri-state market region, which includes Louisiana, Mississippi and Arkansas. It's location between the Mississippi River and Monroe ensures direct access for its products and services to a wide range of destinations.
The economic base of Winnsboro consists of companies in the apparel, boat manufacturing, bottling and food products industries, aviation, healthcare, agriculture and agricultural related industries. Its hard-working labor force, excellent transportation network, abundant raw materials, and land for commercial and industrial development make Franklin Parish an ideal prospect for business investment.
The estimated total retail trade area served by Winnsboro is made up of Franklin Parish and 6 of its neighboring parishes. Residents of the Parishes (counties) come to Winnsboro for much of their retail merchandise and services, employment, medical and governmental service. Chain store and franchise operations, realizing that Winnsboro is a regional trade hub, are opening and securing retail locations on a regular basis.
The estimated make-up of Franklin and its surrounding Parishes retail population count is 97,931.
Transportation
The major transportation arteries through the Parish are Louisiana Highways 4, 15 and 17, which connect the local communities to US-65, Monroe and Interstate Highway 20 (I-20 within 20 miles of Winnsboro.)
B.T. Lanier Municipal Airport, located at 1004 Airport Drive, Winnsboro, maintains administrative, shop, and hanger facilities and has night runway lights and beacon facilities. There is a 3,000 foot asphalt runway with 1,000 foot grass overrun on each end, accessible to the city of Winnsboro and an excellent field for small, executive planes. Light plane charter service is available. Phone: 318-435-5400.
Labor Market
Louisiana workers have a proven record of productivity and dependability in industries as diverse and demanding as aerospace, automobile manufacturing, shipbuilding and petrochemicals. According to Grant Thornton's 1990 Manufacturing Climates Study, Louisiana's Labor force ranked #1 in value added. This study provides a comparative ranking of how much output can be expected for every $1 in payroll expenses. The average output nationally for every dollar paid to a worker is $4.60. Louisiana far exceeds the national average as its manufacturing employees produce $6.36 of output for every dollar of payroll.
The Grant Thornton study also shows Louisiana leading the nation in having the least amount of man-hours lost. Weith fewest work stoppages, the Louisiana labor force continues to prove itself extremely reliable.
Local and State Tax Rates
Ad Valorum Tax
Gilbert 14.58 mills
Winnsboro 6.14 mills
Wisner 5.51 mills
Residential assessed 10% of fair market value
Commercial assessed 15% of fair market value
Commercial and Residential land assessed 10% of fair market value
Sales Tax
City 1%
Parish 4%
State 4%
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