Business News

Five settlements worth about $1.6 billion against banks accused of helping to facilitate a multibillion-dollar Ponzi scheme that swindled numerous Baton Rouge investors have been approved, following a court hearing today. 

A lawsuit has been filed on behalf of St. Bernard Parish against Port NOLA in an effort to stop the operation of a port facility in the parish, reports WDSU.com.

A generation ago nonprofit organizations regularly lobbied for legislation and served as advocates on issues. But according to a recent survey, charities are now far more reluctant to seek to influence lawmakers and other policymakers.

Small business owners are feeling slightly more optimistic, but they’re still concerned about inflation and many continue to struggle with filling openings at their companies, according to the latest survey from the National Federation for Independent Business. 

The Baton Rouge Area Chamber has begun recruiting businesses to fill empty downtown storefronts. 

Over the past year, inflation in the U.S. has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two years.

Legislation to phase out Louisiana’s corporate franchise tax this year was met with a veto from Democratic Gov. John Bel Edwards. However, nearly nearly every candidate running to replace him has vowed to support the move.

In 2014, City Park Golf Course had 15,927 rounds played and in 2022 rounds increased to 23,262, a 46% increase. Even more striking, in 2021, City Park recovered 99.2% of its operating costs and in 2022 it recovered 112% of its operating costs, surpassing expenses by nearly $40,000.

Last go-around, in 2019, statewide candidates signed up for office in the executive suite of the Louisiana Secretary of State’s Office in Baton Rouge. 

When ThreeSixtyEight co-founder and CEO Kenny Nguyen relaunched his Assembly Required entrepreneurship series after more than three years without an event, he personified one of his most important lessons about entrepreneurship: “Keep momentum going.”