Coming up short: A recent report from the Louisiana Legislative Auditor has found the Department of Revenue overstated the amount of money going into the state general fund by $31.1 million. In a written response, Revenue Secretary Kimberly Lewis Robinson disagrees with the finding. See the full audit.
Here’s the deal: Louisiana is providing $765,000 in incentives to bring in a plant from Delaware-based Advanced Sinter Metal Technologies that will fuse metal powders at high temperatures to make precision parts in Slidell. The deal will bring 15 jobs at first, but could eventually bring 43. Louisiana Economic Development Secretary Don Pierson says the plant will make parts for automotive and other industries. Read the full story.
Nobody home: There were nearly 21,000 vacant homes in Louisiana in the third quarter of the year, a 2% increase over the year previous, according to new real estate numbers reported by ATTOM Data Solutions. Louisiana Watchdog reports the Bayou State had the 23rd highest home vacancy rate among the 50 states and District of Columbia in the analysis. The rate stood at 1.52% in the third quarter, up from 1.49% in the third quarter of 2017. Read the full story.