Super Bowl XLVIIgenerated a major boost for Baton Rouge tourism. That’s according to Smith Travel Research, which tracks hotel occupancy nationwide, and capital city tourism officials are pleased with the numbers.
Patent production isn’t growing as quickly in Baton Rouge as in other metro areas, according to a new national study.
The Brookings Institution ranks Baton Rouge 141st out of over 350 metro areas for patent production. The capitol city averaged 71 new patents yearly between 2007 and 2011. But it is on the bottom of the list for patent growth.
High patent production typically coincides with low unemployment. And patent growth can indicate coming industry expansion.
The British oil company, BP, announced its 4th quarter earnings today, and its net profit was about a billion dollars lower than a year earlier. BP has been shrinking as assets have been sold off to pay for its liabilities tied to the 2010 Gulf of Mexico oil spill.
Preliminary data from the New Orleans Tourism Marketing Corporation shows Super Bowl XLVII brought an estimated 150,000 visitors to New Orleans, and is expected to rake in an estimated $432 million for the city’s economy.
Just about 80 miles up the road here in the capital city, tourism spill-over from the Super Bowl-boom gave Baton Rouge a bit of an economic bump as well.
Visit Baton Rouge President and CEO Paul Arrigo says Baton Rouge started planning for Super Bowl 2013 in 2009, when New Orleans was initially chosen for the site.
The gap between rich and poor in Louisiana is continuing to grow steadily, according to an analysis of the latest Census figures.
In the Bayou state, the top 20 percent made 9 times more than the bottom 20 percent in 2010. Based on that measure, the Center on Budget and Policy Priorities and the Economic Policy Institute rank Louisiana as the sixth worst state for income inequality.