Business News

Louisiana sets low-unemployment record in September

Louisiana’s seasonally adjusted unemployment rate was 3.4% in September, the fourth consecutive month in which a record low was posted, according to the latest report from the Louisiana Workforce Commission.

Capital Region home seller profits down in third quarter but still up from last year

Profit margins on median-priced single-family home and condo sales in the Baton Rouge metro area were down about 13% in the third quarter compared to the second, new data shows

As fuel tax revenue declines, EV fees won’t be enough to pay for state’s roads

Louisiana stands to lose more than $320 million in fuel tax revenue over the next 10 years as America transitions to electric vehicles. 

IRS raises contribution limits for retirement savings plans

Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year.

Aussie clothing store Cotton On will open in Mall of Louisiana

International retail clothing store Cotton On is setting up shop in the Mall of Louisiana, according to a permit filed with Baton Rouge's Permits & Inspections Division. This will be its first location in the state.

GeoSurfaces CEO purchases 63 acres near Baker for $900K

CNAK Consulting LLC recently completed the purchase of 63 acres on U.S. 61 near Baker for $900,000, according to records filed with the East Baton Rouge Parish Clerk of Court's office.
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Legal or not, moratoriums could have ‘chilling effect’ on carbon capture

A company that wants to build a multibillion-dollar energy complex in Ascension Parish is suing the Livingston Parish Council for trying to slow construction of wells associated with the project. 

Louisiana PSC will allow electric co-ops to buy out-of-state power 

The Louisiana Public Service Commission voted unanimously this week to allow two electrical nonprofit cooperatives to buy power from a Florida-based supplier

‘LaPolitics’: Will DOTD secretary run for governor?

Will Transportation Secretary Shawn Wilson run for governor next year? Right now the answer seems to be a solid maybe.

Rare earth processing plant to be built in Louisiana

Canadian company Ucore Rare Metals Inc. today announced it has chosen Louisiana for its...