Banking & Finance

State auditors identify $13.6M in questionable health department payments

Louisiana Department of Health has not yet implemented four Louisiana Legislative Auditor’s office recommendations, resulting in about $13.6 million in payments that may have been improper. 

Baton Rouge saw nation’s biggest drop in pending home sales in February

Pending home sales dropped 69.1% year over year in Baton Rouge in February, the biggest drop of any metro area in the country, according to a new analysis from Redfin.

This tax change has some small businesses struggling to pay IRS 

A piece of the 2017 tax law that went into effect this year is leaving small, research-intensive businesses with IRS bills they can’t pay, according to The Wall Street Journal. 

Blue Cross sale would not result in layoffs, CEO says

Blue Cross and Blue Shield of Louisiana’s pending sale to Elevance Health, if approved, will not lead to layoffs or office closures, says Dr. Steven Udvarhelyi, the local company’s president and CEO. 

LED and Techstars partner to create business accelerator for Louisiana startups 

Entrepreneurs across the state will have the opportunity to apply for venture capital funding and business development resources as part of a new startup accelerator program funded by Techstars and Louisiana Economic Development,

LABI pushing for lower taxes on premiums to lure more insurers to state

Lowering Louisiana’s relatively high taxes on insurance premiums could help to attract more insurers to the state, says Jim Patterson
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Baton Rouge-based Shobe Financial Group acquired by Nebraska firm

Baton Rouge-based financial planning and wealth management firm The Shobe Financial Group has been acquired by Carson Group

Where Louisiana ranks among states for average size of SBA loans

Louisiana ranks No. 4 on the list of states with the highest average Small Business Administration 7(a) loan amounts from 2018 to 2022, reports Forbes Advisor.

Jim Donelon won’t seek reelection; nine insurers apply for incentive program 

Longtime Louisiana Insurance Commissioner Jim Donelon, who was tasked with finding solutions to lower property insurance costs that have been plaguing the state, announced today that he will not seek reelection in October.

Slowing-but-still-high inflation puts Fed in a bind

U.S. consumer price increases eased slightly from January to February but still pointed to...