Economic Development

LSU program awarded $5.4M to study extreme weather impacts

The National Oceanic and Atmospheric Administration awarded climate researchers $5.4 million over five years as part of the Southern Climate Impact Planning Program, or SCIPP, which LSU is a part of, the school announced Wednesday.

Louisiana has received $2.5B in federal aid so far for Hurricane Ida 

Louisiana residents and businesses have received $2.5 billion in federal aid related to Hurricane Ida, according to the Federal Emergency Management Agency. 

Last 13 acres in Millerville development sell; apartments planned

Hammond-based development company Stoa Group bought the remaining 13.1 acres of Windy Gladney’s Millerville development for $4 million on Wednesday. 

Setpoint Integrated Solutions moves into Houston market with acquisition

Baton Rouge-based valve and industrial equipment repair company Setpoint Integrated Solutions today announced it...

Land near Amazon Cortana site sold to car wash company

Geaux Clean Car Wash purchased a 1.32-acre lot for an undisclosed amount at Cortana Place, adjacent to the Cortana Walmart and planned Amazon fulfillment center, Elifin Realty announced today.

Could Baton Rouge see more last-mile delivery space in future?

Last-mile delivery space is in demand across U.S. metros as consumers seek faster deliveries. Baton Rouge has seen little development of such spaces, but professionals say it could soon.
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ExxonMobil boosts spending on emission reduction projects by $12B

ExxonMobil says it is boosting its spending on greenhouse gas emission reduction projects to $15 billion over the next six years, up from its originally planned $3 billion, and anticipates meeting its 2025 reduction plans by the end of this year.

With judge retiring, St. George lawsuit may be heard by appointed commissioner

The district court hearing a lawsuit challenging the incorporation of St. George in East Baton Rouge Parish may appoint an independent commissioner to fill in for the current judge who is retiring from the bench, the plaintiffs’ attorney says. 

BRCC impacts region to the tune of $300M, study finds

Baton Rouge Community College released an economic impact study today detailing the impact the college has on the regional economy.

US home prices jump 19% in September from a year ago

U.S. home prices rose briskly in September, another sign that the housing market is booming in the aftermath of last year's coronavirus recession.