Business News - Baton Rouge Business Report

Amazon layoffs not expected to impact Baton Rouge project, BRAC says

Recently announced layoffs at Amazon are not expected to change the company’s commitment to its planned facility in Baton Rouge

FTC investigating firms that do credit reports on small businesses

The Federal Trade Commission has ordered five small-business credit reporting firms to provide information regarding their products and processes as part of a formal inquiry, Inc. magazine reports.

Banking turmoil will likely make it harder for small businesses to get loans

Small businesses are likely to find getting a loan more difficult because of the ongoing turmoil in the banking industry, which is raising the risk of a recession, according to The Wall Street Journal.

Sherwood Pointe shopping center sells for $1.68M

The property containing the Sherwood Pointe shopping center on South Sherwood Forest Boulevard has been sold to a pair of Port Allen investors for $1.68 million,

Ascension, Pointe Coupee among parishes seeing largest wage gains

Only six Louisiana parishes saw their average wage top the national average in the third quarter of 2022, reports The Daily Advertiser, but nearly every parish saw wages increase from the previous quarter.

State auditors identify $13.6M in questionable health department payments

Louisiana Department of Health has not yet implemented four Louisiana Legislative Auditor’s office recommendations, resulting in about $13.6 million in payments that may have been improper.

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So why are companies posting ads for jobs they aren’t really trying to fill?

There is a mystery afoot in the current job market: Eager candidates apply for a job, and then hear nothing, but the position’s listing stays online for months afterward.

Baton Rouge saw nation’s biggest drop in pending home sales in February

Pending home sales dropped 69.1% year over year in Baton Rouge in February, the biggest drop of any metro area in the country, according to a new analysis from Redfin.

Think like an entrepreneur

Named an Innovation Corps Hub, LSU is working with its faculty to increase the commercialization of their research.

What’s causing the delay in replacing Baton Rouge interstate lights?

Entergy is trying to replace about 60 interstate lights in Baton Rouge and is ready to schedule the work, but supply chain issues are delaying the fixtures, a utility spokesperson says.