Economic Development

While it hasn’t been in the news much lately, officials and stakeholders are working toward a solution to East Baton Rouge Parish’s stormwater issues. 

A developer is looking to turn 33 acres of residential land on Burbank Drive into a variety of commercial ventures. 

While state officials still await an announcement for a $200 million federal grant for infrastructure upgrades, Gov. John Bel Edwards has expressed confidence that Amtrak passenger trains will be traveling between Baton Rouge and New Orleans by 2027. 

The Greater Baton Rouge Economic Partnership, the nonprofit arm of the Baton Rouge Area Chamber, will receive a grant from Keep Louisiana Beautiful for its new Take 5 Campaign. 

Wages and benefits grew at a slightly faster pace in the July-September quarter than the previous three months, a benefit for workers but a trend that also represents a risk to the Federal Reserve's fight against inflation.

Shreveport’s Southern Classic Chicken is eying at least six potential restaurant locations in the Baton Rouge area that will bring about 125 jobs. 

Baton Rouge’s MMR Group, The Newtron Group and ISC Construction were ranked as the 11th, 14th and 28th largest electrical contracting firms in the nation, respectively, on Engineering News-Record’s specialty contractors list.

Deposits increased at Baton Rouge-area banks for the third quarter, which ended Sept. 30, signaling clients’ confidence in local banking institutions after the tumultuous spring. 

Baton Rouge-based Bernhard Capital Partners has agreed to buy Entergy’s gas distribution business for about $484 million, the companies announced today. 

A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that Americans themselves have expressed in opinion polls.