Economic Development

US economy returned to growth last quarter, expanding 2.6% 

The U.S. economy grew at a better-than-expected 2.6% annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates.

Health care premiums expected to rise, forcing tough choices for companies 

It cost an average of $22,463 to cover a family through employer-sponsored health insurance in 2022, according to an annual benefits survey from the Kaiser Family

US retail inventories increase 0.4% in September from August

Adjusted retail inventories for September were estimated at an end-of-month level of $744 billion, an increase of 0.4% from August 2022 and a 22.2% jump from September 2021

Feral hogs cost Louisiana more than $90M annually

From rooting up crops to destroying farm infrastructure, Louisiana’s growing population of feral hogs...

State association head predicts multiyear construction boom

Louisiana could experience a boom in construction activity over the next five to six years, says Ken Naquin, CEO of Louisiana Associated General Contractors. 

Millions of US workers are dealing with long COVID 

It’s one of numerous papers, surveys, and studies attempting to assess the effect of long COVID on workers, businesses and the overall economy.
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Feds to plug dozens of old, leaky oil wells in Louisiana wildlife havens

Many of Louisiana’s most prized and protected natural landscapes are dotted with the leaking, rusty remnants of the oil industry’s boom years, NOLA.com reports.

Metro Council to take up stormwater district repeal, money for River Center

The East Baton Rouge Metro Council is set to consider repealing the stormwater utility district they created a little more than a month ago.

LABI announces annual Free Enterprise Award winners

The Louisiana Association of Business and Industry today announced its 2022 Free Enterprise Award winners, with a few active in the Capital Region.

Louisiana ranks 39th for business tax climate, up three spots from year ago

In what’s become something of an annual tradition, the Tax Foundation once again doesn’t think much of Louisiana’s business tax climate, ranking it 39th on its 2023 State Business Tax Climate Index.