A study from the Greater New Orleans Community Data Center is warning that the post-Katrina money which has protected southeast Louisiana from the worst of the national recession will start winding down. Experts are advising a regional approach to economic growth.
An artist's rendering of the proposed IBM building, which will also include almost 100 river-view apartments.
Construction for the new building will be paid for with a public/private partnership not unlike that of the Shaw Center for the Arts.
Projected cost total for the office building is $30.5 million. The state will finance $14.8 million of that, along with $3 million from the city of Baton Rouge/East Baton Rouge Parish, and and $12.7 million in Community Development Block Grant funds.
The U.S. Department of Agriculture is pushing a new shopping method called “food hubs” to get more local produce to market. Deputy Secretary Kathleen Merrigan made the announcement at the Hollygrove Market and Farm in New Orleans.
Paul C.P. McIlhenny reigns as Rex as he arrives at Canal Street during Mardi Gras celebrations in New Orleans on Feb. 28, 2006, six months after Hurricane Katrina devastated the city. McIlhenny, the CEO and chairman of the company that makes Tabasco sauce, died Saturday in New Orleans. He was 68.
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.