Economic Development

Senate passes tax package repealing corporate franchise tax 

The state Senate passed a package of legislation Tuesday that would repeal Louisiana’s corporate franchise tax and offset lost tax revenue by slashing the Quality Jobs Program.

WIB honorees: Compassion, communication and humble confidence make a good leader

Showing compassion, communicating with staff and being able to connect with clients are some of the leadership qualities especially coveted by this year's Influential Women in Business honorees.

NFIB joins in calling on Legislature to pass a budget with ‘meaningful tax relief’

The NFIB’s state chapter has joined several other organizations in calling on the Louisiana Legislature to use the state’s budget surplus to “pass a responsible budget and provide meaningful tax relief to create more economic opportunity for Louisianians,”

Louisiana’s natural gas and oil resources valued at more $54B

The oil and natural gas industry in Louisiana supported more than 346,000 jobs in multiple sectors and contributed more than $54 billion to the state’s economy in 2021.

Small businesses pulling back on hiring

A growing number of small businesses are slowing down hiring, according to a recent...

PSC Group acquires Steel Line Rail Services

PSC Group announced this morning that it has acquired Steel Line Rail Services LLC. Financial...
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Louisiana fabricator is building components for NASA launchpad

Gulf Island Fabrication Inc., a steel fabricator and service provider to the industrial and...

Shell Catalysts and Technologies plans $122M expansion in Port Allen 

Shell Catalysts and Technologies is spending $121.7 million to expand its chemical plant in West Baton Rouge Parish, according to an announcement from Louisiana Economic Development. 

Atlanta Fed leader doesn’t foresee any interest rate cuts this year 

Raphael Bostic, president of the Federal Reserve Bank of Atlanta, said this morning that...

Commerce Department starts process to fund tech hubs across the US with $500M

The Commerce Department is launching the application process today for cities to receive a total of $500 million in grants to become technology hubs