Economic Development

Get to know Tiger Athletic Foundation’s Matt Borman 

LSU Athletics reached impressive heights this past year, winning a division title in football and national championships in women’s basketball and baseball. Behind the scenes, Matt Borman spearheads fundraising efforts to help make those achievements possible.  

Is the worst of the auto inventory shortage over for Baton Rouge?

After struggling with tight supply levels for the past three years, local car dealer Matt McKay, of All-Star Automotive, is optimistic that the worst of the inventory shortage is over. 

Monarch Energy considering Ascension Parish for $426M ‘green’ hydrogen production plant

Hydrogen production company Monarch Energy this morning announced it is considering Ascension Parish as the location for a new $426 million facility.  

Baton Rouge casino revenue slides while national gaming industry thrives

Baton Rouge casino revenues in July dipped by about 9.9% from June, according to the state gaming board’s latest report. This continues local trends of decreased revenue from previous months. 

EBR seeks more participation from disadvantaged businesses after most fail to qualify

East Baton Rouge Parish’s recent attempt to provide more contracting opportunities to smaller firms and those owned by women, minorities and/or veterans was in one way fruitful. 

Louisiana higher ed officials keeping wary eye on West Virginia University budget crisis 

Both sprawling, public land-grant flagship universities in two of the poorest states in the nation, LSU and West Virginia University are more similar than you might think. 
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State cattle industry expects to lose up to $290M from heat and drought 

The state’s cattle sector is expected to lose anywhere from $135 million to $290 million as a result of the record-breaking heat wave and drought, the LSU AgCenter reports. 

Louisiana jobless rate reaches record low for month of July 

Louisiana’s unemployment rate fell to 3.5% in July, the lowest rate ever for the month, beating out July 2022’s then-record 3.6%, according to data released today by the Louisiana Workforce Commission. 

Department of Energy awards nearly $5M to LSU-led consortium

The U.S. Department of Energy has awarded an LSU-led consortium a $4.9 million project to see if it is feasible to build a carbon removal hub in Louisiana, LSU announced this week. 

BRAF’s Chris Meyer talks new direction on Strictly Business

Chris Meyer says he’s focused on helping the Baton Rouge Area Foundation reach the next level of impact in the Baton Rouge community.