Business News

The rise of B1BANK

b1BANK over the past 14 years has grown from de novo launched in Baton Rouge to Louisiana’s second-largest community institution.

Virus roundup … 

• Louisiana should start issuing checks for $300 in weekly federal coronavirus unemployment aid...

Nino’s reopens after closure due to positive COVID-19 test, but challenges persist

After a three-week shutdown due to a positive COVID-19 case, Nino’s Italian Restaurant on Bluebonnet Boulevard quietly reopened earlier this month and has been doing a surprisingly brisk business, all things considered, says owner and executive chef Elton Hyndman. But while Nino’s enjoys a loyal following of patrons, operating under current conditions is far from easy and not sustainable in the long term, Hyndman fears.

East Baton Rouge Parish residents among most likely in state to face eviction

East Baton Rouge Parish has the third-largest number of rent-burdened households in the state at risk of losing their homes due to COVID-19, according to a new analysis from the Center for Planning Excellence.

Lower hotel occupancies means developers bear higher TIF costs

With hotel occupancy down locally, the tax dollars that help offset some bonded costs are also down, meaning developers are having to use more of their own money to pay debt obligations.

Consumer spending drops sharply in Baton Rouge after unemployment boost ends  

While consumer spending continues to be relatively flat in Livingston and Ascension parishes, it...
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City-Parish disputes being on list of top cities that will be hit hard by the pandemic

Cities that rely heavily on tourism, sales taxes or direct state assistance are predicted...

Virus roundup … 

• Out-of-work Americans may see only a three-week boost to their unemployment benefits, as...

Single-family homes for less than $350K are hot sellers in Baton Rouge 

With record-low mortgage rates, certain pockets of Baton Rouge’s residential real estate market are...

Virus roundup … 

• Louisiana is reporting 735 new COVID-19 cases Monday, bringing the statewide total to...