Economic Development

Workers’ compensation rates dropping by more than 10% next year

Louisiana’s insurance commissioner has approved the annual loss cost filing of the National Council on Compensation Insurance, for a 10.5% reduction in workers’ compensation rates, the Louisiana Department of Insurance announced Tuesday.

Study: Calcasieu Ship Channel accounts for $39 billion in GDP

A study commissioned by the Lake Charles Harbor and Terminal District recently found that...

Stories to remember from 2021: Economic recovery

Last year, Louisiana was one of the first epicenters of the COVID-19 pandemic. But this year, with effective vaccines widely available and the coronavirus seemingly in retreat, life was starting to feel almost normal.

What the ‘new normal’ may look like in 2022 workplaces

Offices were forever changed in March 2020, and for many businesses, those changes have yet to be reversed. Going into 2022, some offices will need to make changes to address the disruption of the past couple of years.

Stories to remember from 2021: Amazon takes over former Cortana Mall site

Amazon’s plans to redevelop the former Cortana Mall site into a 3.5 million-square-foot fulfillment center was perhaps the year’s biggest economic development news.

Amazon using tax-break opportunity zones for distribution centers is part of its strategy

Amazon has been rapidly expanding into areas that are designated for special tax incentives, according to a recent analysis that comes amid growing regulatory scrutiny of the e-commerce giant, The Washington Post reports.
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University Lakes LLC issues RFP for flood risk reduction services

University Lakes LLC, the entity established by the LSU Real Estate and Facilities Foundation, an affiliate of the LSU Foundation, to manage the restoration of the lakes around LSU’s campus, today issued a request for proposals for a preconstruction manager and construction manager at risk.

What Capital Region plant managers are saying about growth in next six months

Capital Region plant managers expect steady or growing investment, production and employment over the next six months, according to a Greater Baton Rouge Industry Alliance survey.

BTR holiday travel numbers remain high despite omicron

Omicron doesn’t seem to be dampening travel numbers at Baton Rouge Metropolitan Airport this Christmas season.

Stories to remember from 2021: Hurricane Ida

Hurricane Ida came ashore as a Category 4 storm on August 29, 16 years to the day after Katrina's landfall. While it did not deliver a direct hit to Baton Rouge, parts of the Capital Region were without power for more than a week.