Economic Development

Global demand fueling new offshore oil boom  

The hunt for offshore petroleum is on again, fueled by a surge in global demand for energy, supply disruptions triggered by the war in Ukraine and crude prices that remain above pre-pandemic levels, The Wall Street Journal reports. 

Companies expect to cut jobs this year amid recession fears

A survey of national economists found that more businesses now expect job reductions at...

ICYMI: Gov. Edwards calls for special session on insurance crisis 

Gov. John Bel Edwards on Sunday called for a special legislative session to address the state’s property insurance crisis. 

Click Here Digital expanding with satellite office

Baton Rouge-based digital marketing company Click Here Digital plans to hire 30 additional employees this year in response to what founder Bo White calls “an explosive” last two years.

Local mortgage lenders cutting staffs amid borrowing slowdown

Mortgage lenders nationwide have been laying people off in recent months, and the Capital Region has not been spared. 

Lane Regional construction, renovations expected to be complete in 2026

Construction is set to begin in early February on Lane Regional Medical Center’s new...
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Downtown Baton Rouge hotels popular despite higher prices

Hotels in downtown Baton Rouge are propping up the occupancy rate for lodging parishwide while raking in more revenue per room than their local counterparts. 

Google layoffs are latest indicator ‘clock has struck midnight’ for tech sector

Google is laying off 12,000 workers, or about 6% of its workforce, becoming the...

Louisiana legislators skeptical of Donelon’s homeowner insurance fix

Several Louisiana legislators say they are not yet prepared to fund a homeowners insurance...

Local experts applaud new development rules aimed to reduce flood risk

Local experts say the development regulations passed by the Metro Council on Wednesday evening...