$160M investment: Gov. John Bel Edwards and Canfor Corp. President and CEO Don Kayne today announced the company has selected Beauregard Parish for final engineering and feasibility for a $160 million lumber mill. Based in British Columbia, Canfor is one of the world’s largest producers of lumber, pulp and paper. The facility would be the first Louisiana investment for the company. Canfor would create 130 new direct jobs. See the announcement.
Billionaires: Nonprofit newsroom ProPublica reports today that it has obtained a cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth—sometimes, even nothing. The data provides an unprecedented look inside the financial lives of America’s titans, including Warren Buffett, Bill Gates, Rupert Murdoch and Mark Zuckerberg. See the report.
Freedom celebration: Juneteenth, a day celebrating the delayed news of freedom reaching those who’d been enslaved in the U.S., will soon be a state holiday in Louisiana if Gov. John Bel Edwards signs legislation that passed Monday, Louisiana Illuminator reports. HB554, sponsored by Larry Selders, D-Baton Rouge, would designate the third Saturday in June as Juneteenth Day, and mark it as a “day of public rest and a legal holiday.” The state House and Senate passed the bill unanimously. Read the full story.