Economic Development

From paints to plastics, a chemical shortage ignites prices

Shortages are cutting into one of the humblest yet most vital links in the global manufacturing supply chain: The plastic pellets that go into a vast universe of products ranging from cereal bags to medical devices, automotive interiors to bicycle helmets. 

Baton Rouge jobless rate dips to 5% in August, below national average 

The Baton Rouge metro area’s unemployment rate fell in August, going from 5.8% in July to 5%, slightly lower than the national average of 5.3%, according to the latest, not seasonally adjusted data from the Bureau of Labor Statistics.

US small business optimism strengthens, but hiring still tough 

Nearly three-fourths of small businesses expect to increase sales in the next six months—but...

Apartment rents rise 9.7% in Baton Rouge year-over-year

The median cost of renting an apartment in Baton Rouge went up 1% from August to September and was up 9.7% year-over-year, according to estimates Apartment List made public today.

LSU enrolls largest freshman class in its history

LSU today announced its current freshman class is the largest and most diverse in its history, while also averaging the highest GPA and ACT score of any incoming class at the school.

Industriplex warehouse sells to local investors for $1.7M

A warehouse at 11777 Industriplex Blvd. was sold to local investors for $1.7 million in a deal that closed Monday.
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I Hate Receipts partnering with Shopify, Pax Payment to expand app

Less than one year after its launch, Baton Rouge-based tech startup I Hate Receipts has raised half of the $1.5 million it is targeting in its seed round of funding, and has signed a deal with online retail platform Shopify, which will expose potentially millions of users to the company’s app.

Alford: Louisiana once again waiting on Washington

ach passing day brings with it new promises of federal funding, yet the sun rises and sets with little hope of immediate arrival.

LSU partners with employee upskilling platform to offer online credentials

LSU this morning announced a new partnership with education and upskilling platform Guild Education to provide online degrees and certificate programs to Guild’s employer partners, which include Chipotle, Target, Walmart and Waste Management.

Potential sites for new Mississippi River bridge narrowed to 17

Officials and consultants with the Louisiana Department of Transportation and Development have identified 17 potential sites for a new Mississippi River Bridge in the Greater Baton Rouge Area.