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As shipping costs continue to rise, companies make moves to adjust

Rising shipping costs are primed to squeeze profits for businesses of all sizes this holiday season, The Wall Street Journal reports.  Entrepreneurs and executives say...

Companies along 10/12 corridor embracing culture of change

The industrial market is changing, and some Louisianans are finding opportunities in that change. Economic volatility, environmental mandates, geopolitics and a variety of other factors are prompting companies to innovate and adapt in order to survive.

Shell, Huntsman, Georgia-Pacific seeking new ITEP exemptions

Shell Chemical’s planned $512 million lubricant plant at its existing facility in Geismar headlines the Capital Region projects seeking Industrial Tax Exemption Program relief from local property taxes. 

Dallas-based Tap Innovations tops LSU 100 rankings  

Dallas-based Tap Innovations has been named the fastest-growing company owned or led by an LSU alumnus.  LSU announced its annual LSU 100 rankings this afternoon....

Louisiana Lottery sales dip during 2022 fiscal year

Louisiana Lottery sales slumped some in 2022 after a record year in 2021, though revenues remained high, contributing $191.2 million

Local chemical logistics provider LMR acquired by Grammer Logistics

Baton Rouge-based transportation company Logistics Management Resources Inc., or LMR, has been acquired by Grammer Logistics.

YMCA weighs replacement of Foster Drive location

YMCA of the Capital Area officials are considering replacing the organization’s Foster Drive location.

McCollister: Early voting starts this week; his picks for Nov. 8 election

Editor’s note: These endorsements are solely those of the author; Business Report does not make political endorsements.  Important statewide and local elections are set for...

TAF calls out other schools after LSU fined for fans storming field

LSU football was fined $250,000 by the Southeastern Conference on Sunday for its third field-storming incident since 2014 following the Tigers’ win against Ole...

Zachary schools sit atop new rankings from education research platform  

Zachary Community Public Schools is the best school district in the state, according to a recent ranking, The Center Square reports.  The ranking from education...

Companies lure hourly workers with college tuition perks

Companies see the programs as a way to recruit and retain workers in a tight labor market or train them for management positions. For hourly employees, the programs remove the financial barriers of obtaining a degree.

Louisiana sets low-unemployment record in September

Louisiana’s seasonally adjusted unemployment rate was 3.4% in September, the fourth consecutive month in which a record low was posted, according to the latest report from the Louisiana Workforce Commission.

As fuel tax revenue declines, EV fees won’t be enough to pay for state’s...

Louisiana stands to lose more than $320 million in fuel tax revenue over the next 10 years as America transitions to electric vehicles. 

IRS raises contribution limits for retirement savings plans

Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year.

Aussie clothing store Cotton On will open in Mall of Louisiana

International retail clothing store Cotton On is setting up shop in the Mall of Louisiana, according to a permit filed with Baton Rouge's Permits & Inspections Division. This will be its first location in the state.
petrochemical

Legal or not, moratoriums could have ‘chilling effect’ on carbon capture

A company that wants to build a multibillion-dollar energy complex in Ascension Parish is suing the Livingston Parish Council for trying to slow construction of wells associated with the project. 

Louisiana PSC will allow electric co-ops to buy out-of-state power 

The Louisiana Public Service Commission voted unanimously this week to allow two electrical nonprofit cooperatives to buy power from a Florida-based supplier

Rare earth processing plant to be built in Louisiana

Canadian company Ucore Rare Metals Inc. today announced it has chosen Louisiana for its first rare earth processing facility, and has signed a letter...

Air Products sues Livingston Parish over carbon capture moratorium 

Air Products, a Pennsylvania-based company looking to store industrial carbon dioxide emissions under Lake Maurepas, is suing the Livingston Parish Council for attempting to...

Baton Rouge casino revenue down in September; sports betting up in state

Baton Rouge’s three casinos each saw less revenue in September compared to the previous month and September 2021, according to the latest reports to...