Economic Development

Business expansions, relocations, incentives, and investment fueling economic growth across the Baton Rouge area.

Momentum for harnessing offshore wind energy grows, but much work remains 

The various parts and pieces needed to make offshore wind a reality in the Gulf of Mexico have come into sharper focus over the last year. 

Graves-backed bill to expedite small recovery projects signed

President Joe Biden has signed a bill meant to expedite funding for disaster recovery projects that are less than $1 million, U.S. Rep. Garret Graves says. 

Record plunge in US worker productivity puzzles economists 

In the first half of 2022, productivity—the measure of how much output in goods and services an employee can produce in an hour—plunged by the sharpest rate

Salary transparency laws gaining in popularity, but not in Louisiana 

Starting this week, job-seekers in New York City will have access to a key piece of information: how much money they can expect to earn for an advertised opening.

Baton Rouge unemployment lower than statewide average

Baton Rouge’s not seasonally adjusted unemployment rate was 3.2% in September, down from 3.4%...

Wages still rising across US but pace slowing

A closely watched indicator that tracks what employers pay workers in wages and benefits...
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Americans plan to spend more on holiday gifts this year than last

Americans say that they intend to spend more money on Christmas gifts this year,...

Local software startup Resilia secures $35M in venture capital funding

Founded by Baton Rouge-area native and LSU alumnus Sevetri Wilson, software startup Resilia announced it has raised $35 million in its latest round of venture capital funding.

Oil giants rake in record profits amid high energy prices

Oil companies brought in record profits once again as consumers worldwide struggled with high gasoline and energy prices.

Experts at LSU weigh in on impact of historically low Mississippi River 

During October, the Mississippi River has seen record low levels from Illinois to Louisiana.
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