GDP, personal income, employment, retail and real estate sales are all increasing, but without oil and gas recovering our economy is trending towards mediocrity.
Setting aside the philosophical argument about EDDs in general, the way these particular districts are designed is problematic.
Recent headlines indicate 2018 might be the year our economy started recovering. But there’s ample evidence that any optimism should be guarded given the situation our economy’s in.
At a job fair tomorrow at South Louisiana Community College IBM will try to recruit people to move from Lafayette to Baton Rouge with the help with LED.
Given that he fostered an industry that generates billions of dollars in GDP, it’d be great to ask him what he would do to get us out of the $10 billion hole our economy’s in.
While one economist may be projecting the end of Lafayette’s recession, more context is needed to understand the situation our economy is in
Lafayette needs to replace $10 billion in local GDP in the next five years or risk losing an entire generation of thinkers and doers.