Economic Development

Accountants, auditors in short supply even as companies raise compensation 

A deepening shortage of accountants is driving a growing number of companies to raise salaries or seek temporary help to strengthen their finance teams amid a slowing economy.

Marucci Sports planning a 100,000-square-foot distribution center in Geismar 

Baton Rouge-based Marucci Sports today announced plans to develop a 100,000-square-foot distribution center at the new Rivermark 185 Industrial and Logistics Park in Geismar. 

Baton Rouge riverboat casino revenue up 9.9% in November

Baton Rouge's three riverboat casinos combined to collect 9.9% more in revenue last month...

Capital Region adds 500 jobs in November as state again posts record-low unemployment

The Baton Rouge metro area added 500 jobs from October to November and has gained 4,000 jobs since November 2021, according to the Louisiana Workforce Commission. 

New owners plan to reopen northwest Louisiana casino on land 

A Mississippi company is buying the shuttered Diamond Jacks Casino in Bossier City, with plans for a $200 million renovation and reopening.

Where are the missing 3.5 million workers from the US economy?

Economists have theorized for a while about the impact of COVID-19 deaths on the...
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Consumer spending rose 4.1% in Baton Rouge last year

Real personal consumption expenditures, a measure of how much consumers are spending,  rose 4.1%...

Why businesses often lay off workers near the holidays 

There is arguably no good time for companies to lay off employees, of course,...

How the latest Fed rate hike will affect small business loans 

With the Federal Reserve’s latest rate hike adding half a percentage point to the cost of debt capital and reaching its highest level in 15 years, the majority of small business loans will hit the double-digit interest level for the first time since 2007, CNBC reports. 

Retail sales fell in November even with the start of holiday shopping 

Americans cut back sharply on retail spending last month as the holiday shopping season began with high prices and rising interest rates forcing families, particularly lower income households, to make harder decisions about what they buy.