Economic Development

BRAC to companies: Consider hiring high school students as interns

The best way to ensure they have a reliable workforce for years to come is to provide opportunities to today’s teenagers through part-time jobs and internships, the Baton Rouge Area Chamber says. 

Construction begins on first of three apartment complexes by same developer

Construction is underway for the Waters at Millerville, a 295-unit apartment community being built on the last 13-acres of Windy Gladney’s Millerville development. 

In a slowing economy, companies beginning to see remote work as a liability 

Companies trying to run leaner and more efficiently are deploying familiar strategies from past downturns, and some are now taking new aim at their employees’ work-from-home arrangements, The Wall Street Journal reports. 

Placid Refining moving headquarters from Dallas to Baton Rouge, investing $66M

Placid Refining will move its headquarters from Dallas to Baton Rouge and modernize its existing local facility in Port Allen, investing $66 million in the process, officials announced today. 

Baton Rouge leads peer metros in year-over-year job growth

The Baton Rouge metro led its peer metros in year-over-year percentage job growth in January, according to the latest economic indicator report from the Baton Rouge Area Chamber. 

Baton Rouge riverboat casino revenue rebounds in February

Baton Rouge's three riverboat casinos saw a collective 3.8% revenue increase during February, according...
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See how companies are switching their accounting to combat inflation 

One lever finance executives have to combat the impact of inflation on earnings is to make an accounting policy change: moving to “first-in, first-out” accounting, or FIFO.

Louisiana has one of the lowest rates of remote workers 

About 21,000 businesses in Louisiana continued to use telework or remote work in some capacity during the summer of 2022. 

Louisiana budget negotiations face additional barrier with spending cap 

Gov. John Bel Edwards and state lawmakers may have to clear additional hurdles this year to spend all the money available to them in the next 15 months.

Louisiana continues setting records for job openings  

There were around 178,000 job openings in Louisiana in January, the most the state...