Economic Development

Companies financing vendor invoices to maintain cash flow 

More companies are offering supply chain financing to their vendors, The Wall Street Journal...

Inflation hurting majority of small business owners 

While economists debate the likelihood of an economic downturn in the near future, small businesses are already bracing for tougher times ahead

Louisiana still home to nation’s highest combined sales tax rate

The Washington, D.C.-based Tax Foundation ranks Louisiana as having the highest combined state and local sales tax rate in its Midyear 2022 report, matching the foundation’s ranking from earlier this year. 

BASF moving forward with $780M expansion in Geismar

BASF is moving forward with a $780 million expansion at its Verbund site in Geismar, the company announced today. 

Mezzo Technologies acquired by California private equity firm 

San Francisco-based private equity firm Arcline Investment Management today announced it has acquired Baton Rouge industrial components manufacturer International Mezzo Technologies,

Campus FCU opening mortgage and business center on Siegen Lane  

Campus Federal Credit Union is building a branch dedicated to mortgage and business services,...
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AgCenter food incubator gets federal grant for expansion 

The LSU AgCenter Food Innovation Institute today announced it has received a five-year, $1.5 million grant from the U.S. Department of Commerce to update and expand its facility adjacent to the flagship campus in Baton Rouge. 

Even as business booms, truckers struggle with unprecedented costs 

With diesel hovering near $6 a gallon or higher, topping off a 120- to 150-gallon tank can cost a trucker up to $1,000.

Throttling ahead

The transportation business is booming, but truckers struggle with unprecedented fuel costs and a driver shortage.

Verma Systems acquired by Houston firm 

Houston-based IT management company Meriplex on Friday announced it has acquired Baton Rouge IT firm Verma Systems.