Economic Development

Louisiana gets closer to having primary authority over carbon capture wells

The U.S. Environmental Protection Agency began taking public comments today on Louisiana’s request to have primary authority over wells used in carbon capture and sequestration projects. 

TRENDS keynote: Commercial real estate is in a transition period 

The U.S. commercial real estate market is in a state of transition, with several disrupting factors at play, according to Kevin Fagan, with Moody’s Investors Service. 

Louisiana-based LNG supplier signs 20-year deal with Japan’s largest power generator

Venture Global has reached a long-term agreement to sell liquified natural gas from its Calcasieu Parish facility to Japan’s largest power provider. 

ExxonMobil still ramping up production after higher Q1 profits 

ExxonMobil more than doubled its profit during the first quarter, producing more oil to...

Home sellers making less profit across the Capital Region but still faring well

The average profit margin for sellers of single-family houses and condos in the Baton Rouge metro area was down during the first three months of this year, new data shows. 

TRENDS: Retail vacancies down, but national chain bankruptcies could change that this year

The Capital Region saw its retail vacancy rates drop from 8.81% to 7.17% last year, following a national trend of lowering rates. Nationwide, retail vacancy rates are the lowest in a decade. 
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Net business growth in EBR is up despite fewer additions: here’s why

The number of businesses opening across East Baton Rouge Parish has trended down since 2010, but net business growth is up thanks to fewer businesses closing their doors, according to the Baton Rouge Area Chamber. 

Louisiana governor candidates pressed on issues at PAR forum

All seven of the candidates for Louisiana governor agree more public money should be...

‘Incident’ at north Louisiana gunpowder facility highlights Pentagon struggles

Nearly two years ago, an errant spark inside a mill in north Louisiana caused an explosion so big it destroyed all the building’s equipment and blew a corrugated fiberglass wall 100 feet. 

Gov. Edwards expects another $1B in federal dollars for broadband

Louisiana officials still expect to receive about $1 billion to promote broadband internet access in the state thanks to the federal infrastructure bill passed in late 2021.