Home Newsletters Daily Report AM

Daily Report AM

A&B Labs moving satellite facility from Prairieville to Baton Rouge 

Houston-based A&B Labs is moving its Capital Region presence from Prairieville to Baton Rouge. 

First-year profitability key for sustaining Baton Rouge-to-DC direct flights

Profitability during the first year of service will likely be the deciding factor in whether American Airlines continues making direct flights between Baton Rouge and Washington, D.C.

Crumbl Cookies will open two more Baton Rouge-area locations

Crumbl Cookies is set to open new locations in the Baton Rouge market in April.

Roundup: Dearman’s owner dies / Student loan forgiveness / Pharmacist shortage 

Diner open: David Van Gelder, owner of Baton Rouge staple Dearman’s Diner and Soda Fountain, died Wednesday, Jan. 18. Van Gelder, 70, owned the...

Inflation eases in December as consumer spending drops 

The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell—the latest evidence that the Fed's series of interest rate hikes...

‘LaPolitics’: Will hemp law be repealed?

Legislators are working quietly behind the scenes to potentially repeal all or part of a law that was authored by House Speaker Clay Schexnayder to promote the production and sale of industrial hemp and related products.

Livingston Parish airport plans downsized amid funding challenges

With plans downsized, permits for the new Livingston Parish airport were resubmitted this month with the Army Corp of Engineers, and proponents are hoping construction can begin this spring. 

United Built Homes sells its Harrells Ferry office location for $1.5M

Shreveport company United Built Homes LLC has sold its 3-acre Baton Rouge location for $1.5 million, according to records with the East Baton Rouge Parish Clerk of Court's office.

Capital Region home sellers saw 36% median ROI in 2022

Sellers realized a $60,000 profit for the median home sale in the Baton Rouge metro area last year, which represents a 36.4% return on investment, new data shows. 

Roundup: More tech layoffs / Unemployment falls / GDP growth 

IBM cuts 3,900: IBM and SAP have joined a slew of other tech giants cutting thousands of jobs in response to the slowing global...

Business coalition pushing for expanded Pell Grants for jobs training 

A group of businesses and education and training providers is asking Congress to expand Pell Grants to cover short-term programs to support credentialling and upskilling for workers, Inside Higher Ed reports. 

How to protect intellectual property minus noncompete agreements 

Noncompete agreements have long been used by companies to protect intellectual property, but the Federal Trade Commission last week proposed a ban on the...

Entrepreneurship booming despite recession fears 

New data shows that the explosion of entrepreneurial activity in 2021 continued last year, even as inflation and recession fears soared, Axios reports.  There were...

Federal recovery dollars won’t be used to replace BRAC annual funding from city-parish

When the Baton Rouge Area Chamber on Tuesday announced it would stop receiving an annual funding allocation of roughly $340,000 from the city-parish government’s...

Employees were less engaged in their jobs during 2022

A new survey shows employees were less engaged in the workplace during 2022.

Auditor: LSU overpaid Brian Kelly by more than $1M in 2022

An audit of LSU’s athletics department found that head football coach Brian Kelly was overpaid a little more than $1 million last year

Baton Rouge food tech startup completes seven-figure seed round

Cremmjoy, a Baton Rouge startup looking to shake up the “technologically stagnant” soft serve ice cream machine industry, recently raised more than $1 million in private investment, company leaders say. 

Where to find Hubig’s pies in Baton Rouge 

Hubig’s Pies, a popular New Orleans brand of hand pies, have made their long-awaited return to grocery stores, gas stations and produce stands across the state—and fans have been quick to snatch them up. 

Roundup: Underage drinking / Mortgage demand / Teams, Outlook down 

Enforcement change: Baton Rouge’s Alcoholic Beverage Control Board wants to change its underage drinking policy to hold more establishments accountable, WAFB-TV reports. Under the...

Strong small business hiring complicates Fed’s efforts to cool inflation  

A surge in small business hiring could run afoul of the Federal Reserve’s efforts to cool inflation, The Wall Street Journal reports.