Economic Development

Louisiana adopts stronger rule to tackle orphaned oil well problemĀ 

The Louisiana Department of Natural Resources finalized a new rule Friday to help reduce the number of orphaned oil and gas wells throughout the state.

LABI names 2023 Free Enterprise Award winners

The Louisiana Association of Business and Industry today announced the companies and individuals it has selected as winners of its 2023 Free Enterprise Awards.Ā 

Louisiana’s poor ratings on crime sets the stage for legislative special sessionĀ Ā 

Louisiana was listed as the most dangerous state in the U.S. in two separate...

Louisiana offshore wind consortium chosen as US Tech HubĀ 

President Joe Biden and the U.S. Department of Commerce’s Economic Development Administration today announced the selection of Gulf Louisiana Offshore Wind Propeller as one of 31 newly designated U.S. Tech Hubs.

Kinder Morgan invests $50M into Geismar facility

Pipeline operator Kinder Morgan is investing $50 million into improvements at one of its Geismar facilities.Ā 

P-Beau’s to reopen. See what else is coming up for the Making Raving Fans restaurant group

P-Beau’s, a Denham Springs restaurant closed for about a year after a fire, will reopen in the coming weeks, says Peter Sclafani, partner with Making Raving Fans Hospitality Group.
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Chevron’s latest acquisition is the second buyout among major producers this monthĀ 

Chevron is buying Hess Corp. for $53 billion, but even with that pricetag, it’s not the biggest acquisition in the energy sector this month.

State unemployment rate holds steady at record low

Louisiana’s unemployment rate remained at a record low in September, unchanged from August’s 3.3%,...

Longtime Donaldsonville insurance company acquired

Bourg Insurance, based out of Donaldsonville, has been acquired by Texas-based Higginbotham, one of the largest independent insurance, financial and HR services firms headquartered in Texas and one of the top firms in the country.Ā 

A rebranded The Queen leads a September casino revenue rise

Despite two casinos reporting decreased month-over-month revenue, Baton Rouge casino revenues in September increased by 5.2% from August, according to the state gaming board’s latest report.Ā