Economic Development

IMAC Holdings expands into Louisiana

IMAC Holdings INC has expanded its services into Louisiana with the acquisition of Louisiana Orthopaedic and Sports Rehab Institute in Baton Rouge, the company announced Monday.

ExxonMobil presses on after other oil giants drop green algae as biofuel

Nearly every other major oil company has abandoned algae research after a flurry of investment at the start of the last decade yielded few results. It’s another example of how ExxonMobil appears to be on a divergent path from its peers. 

A ‘beast’ to maintain, West Feliciana hoping to save The Bluffs golf course

West Feliciana Parish President Kenny Havard says he’s willing to explore any viable option to reopen and preserve the Bluffs at Thompson Creek golf course, but his parish doesn’t have the resources to take it over and run it. 

LED rolls out program for second-stage business growth

Louisiana Economic Development has launched a Diversity in Entrepreneurship Initiative to accelerate growth in...

Soaring home prices spark surge in US homeowner equity growth

Soaring home prices have pushed up average homeowner equity growth to the highest level in more than a decade, though recent signs of a cooling U.S. housing market point to more moderate gains in the second half of the year.

Louisiana’s TV and movie sector could idle if film workers union strikes

The union members who work behind the scenes in film and television will vote this weekend on whether to authorize an unprecedented strike that could shut down most of the industry nationwide. 
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What’s at stake for Louisiana in today’s infrastructure bill vote 

A vote is scheduled today in the U.S. House on a $1.2 trillion infrastructure bill that would send $6 billion to Louisiana for roads and bridges during the first five years of its rollout.

Bernhard Capital Partners to acquire RailWorks Corp. 

Baton Rouge-based private equity firm Bernhard Capital Partners today announced it has agreed to acquire rail infrastructure solutions provider RailWorks Corp., from Wind Point Partners, a Chicago-based private equity firm. 

Louisiana industry so far not seeing benefit from oil price spike

The recent increase in the price of oil could lead to increases in production and jobs, but the change isn’t showing up in the data yet, the acting president for a state industry group says. 

Tapestry at Long Farm apartment complex sells for $61M

A California-based company bought The Tapestry at Long Farm apartment complex on Antioch Road for $61 million on Wednesday.