The gist: Personal protective equipment manufacturing is coming to Broussard, a project one economic development professional says may be “bigger than Amazon,” a reference to the fulfillment center the mega e-commerce retailer has under construction in Carencro.
The gist: Annual estimates from the U.S. Census Bureau show across-the-board declines in growth speed, and shrinking populations, in and around Lafayette from 2016-2017.
Lafayette is the biggest loser. The city lost 581 residents in the estimate. That’s not a horrendous bleed, but against the backdrop of rapid growth since 2010, the contraction is concerning. Lafayette’s population estimate is 126,848. It’s worth noting that these numbers aren’t confirmed and won’t be until the 2020 census is released. The numbers could be wrong in either direction.
Broussard, Youngsville and Carencro continued to add residents but at a slower pace. Youngsville’s overall growth since the 2010 census is an astronomical 65 percent. Broussard added 502 residents. Carencro added 192. Here is how the changes shake down:
What it all means: Leafing through the figures, the inflection year appears to be 2015, just after the price of oil collapsed. Lafayette’s Metropolitan Statistical Area grew rapidly over the first half of this decade — in 2013 Acadia, Iberia and Vermilion parishes joined the existing Lafayette/St. Martin MSA — while many other MSAs across the country suffered in the wake of the mortgage crisis of 2008. The region’s economy was buoyed by a strong oil market.
However, as the most recent figures show, Lafayette’s MSA posted a small decline to 491,558. In the grand scheme of things, that’s a rounding error. But the overall trend remains troubling.
As noted in The Advertiser, this certainly fuels concern that the citizens of Lafayette could lose control over their self-determination. As more people move into other municipalities or unincorporated portions of the parish, Lafayette’s power on the City-Parish Council will diminish. This is information that will arm the #Lafayexit battle cry.