Young folks don’t necessarily want to leave Lafayette. But they say it feels impossible to stay.
Lafayette can’t count on the industries that have powered its growth in the past. We need to pivot, and we have the tools to do it.
Data from the first quarter of the year has UL economist Gary Wagner forecasting a bad situation getting worse for Louisiana’s economy:
The state’s real gross domestic product fell by 4.3% on an annualized basis in the first quarter of this year, almost three times steeper than the U.S. economy. Only five other states posted a sharper contraction.
“It’s probably hard to imagine a report that’s worse right now,” said Gary Wagner, an economist at the University of Louisiana at Lafayette, who found declines in almost every state and many industries. “I think there’s a 50-50 chance we’re in a recession.”
Festival International made me want to live in Lafayette. Every Festival since then has only reaffirmed that feeling. It will always hold a special place in my heart. But what makes Festival so special to me isn’t just that it’s one of the best music festivals on the planet. What makes Festival so special to […]
The betting favorite for where it will go is UL’s Research Park. That’s the path of least resistance, not the past of greatest impact.
The energy sector, in Louisiana and the world at large, is still recovering from the decline in demand from the coronavirus pandemic combined with supply collusion from foreign oil suppliers
UL’s Acadiana Business Economist Endowed Chair Gary Wagner’s quarterly economic forecast shows a local and state economy still struggling to recover in the face of increasing national headwinds.
A majority of city residents feel like Lafayette is heading in the wrong direction. But non-city residents think we’re on the right track.
Traffic, economy, crime, Covid and education were the top issues residents cited in the quality of life survey developed by One Acadiana.
After crashing from 2014-2016, Lafayette Parish’s GDP had shown signs of recovery. Then 2020 happened, blowing a billion dollar hole in Lafayette’s economy.
An influx of spending related to hurricane recovery and federal coronavirus stimulus is masking a still struggling economy.
Lafayette’s city and parish councils made minor changes to the administration’s budget, approving the mayor-president’s spending plan and revenue projections unanimously.