Economic Development

Infinity Valve and Supply expanding Acadiana air compressor facility 

Infinity Operators LLC today announced it is investing $1.1 million to increase production capacity of its new air compression division through equipment upgrades and physical expansion of its manufacturing facility in Lafayette Parish. 

A look at the state of carbon sequestration in the Capital Region

Carbon capture projects, pivotal to the energy transition in the nation’s industrial sector, are garnering substantial attention, especially in Louisiana’s Capital Region as it becomes a hotspot for such projects. 

Marucci Sports’ Baton Rouge success story continues with $572M sale

Marucci Sports started in 2004 in the River Bend backyard of Kurt Ainsworth, a former Catholic High and LSU pitcher whose professional baseball career was derailed by injuries. 

b1Bank launching new derivatives services line

Baton Rouge’s b1Bank is planning to launch a line of derivatives products and services, which will provide clients with more flexibility managing interest rate risks.

US employers pulled back on hiring in October, adding 150,000 jobs 

The nation’s employers scaled back their hiring in October, adding a modest but still...

Rising costs threaten development of US offshore wind industry

Good news or bad news first? Because there was plenty of both this week for the fledgling U.S. offshore wind industry.
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Louisiana Legislature set to revisit carbon capture debate

A Louisiana legislative task force established to consider the local impacts of carbon capture and sequestration will begin meeting on Monday. 

Companies are taking a slow approach to using a new instant payment system 

The Federal Reserve rolled out its FedNow real-time payment system in July of this...

Here’s why the I-10 bridge replacement project in Lake Charles stalled

A $2.1 billion plan to replace the aging Interstate 10 bridge in Lake Charles suffered a potentially fatal blow last week when state lawmakers rejected the project’s financing plan because it relied heavily on tolls criticized by trucking companies, reports NOLA.com.

Will shoppers spend more―or less―this holiday season?

The National Retail Federation, the nation’s largest retail trade group, expects shoppers will spend more this year than last year, but their pace will slow given all the economic uncertainty.