Nominate now: Louisiana Economic Development is accepting nominations of the state’s leading manufacturers for the 2021 Lantern Awards in October. The awards are presented each year to outstanding manufacturers from each of Louisiana’s eight regional planning and development districts. The deadline to submit nominations for the Capital Region is Friday. Get more information.
New bank in town: Commerce Community Bank has applied for a permit to occupy the 7,000-square-foot building on Jefferson Highway that last belonged to Wells Fargo Wealth Management. The community bank’s holding company, Delta Bancshares, was recently acquired by a Baton Rouge-based group of investors who plan to expand Commerce’s footprint throughout the local area. Read a Daily Report story about the acquisition.
Climbing: U.S. consumer prices continued to climb swiftly in June, as the economic recovery gained steam and demand outpaced the supply of labor and materials. The Labor Department said last month’s consumer price index increased 5.4% from a year ago, the highest 12-month rate since August 2008. The so-called core price index, which excludes the often-volatile categories of food and energy, rose 4.5% from a year before. Read the full story from The Wall Street Journal.