UL Economist Gary Wagner predicts around 1% job growth for Acadiana this year, a rate that would beat statewide projections but still lag behind the nation.
GDP, personal income, employment, retail and real estate sales are all increasing, but without oil and gas recovering our economy is trending towards mediocrity.
The gist: Economist Loren Scott projects that the Lafayette economy will add 7,200 jobs over the next two years, according to his annual outlook presented Wednesday at an event hosted by One Acadiana. Scott’s rosy forecast rests on what he calls “heroic assumptions” about the growth of the U.S. economy and the prospect of more […]
Lafayette’s real estate market is ice cold, and it may get worse before it gets better.
The gist: Oil and gas may still be down, but Lafayette’s healthcare economy has realized a series of wins over the last few weeks with good news from companies like VieMed, NeuroRescue and ThinkGenetic.
The mayor-president believes Lafayette is in its best financial position ever. His optimism overlooks flatlining property tax revenue.
Walmart’s decision shines a light on serious issues with no easy answers.
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.
The gist: Lafayette lags far behind other American cities in job creation and retention and economic growth. The city ranked 196 out of 200 cities measured in the Best-Performing Cities index created by the Milken Institute, a California-based think tank.
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
The day started with the news that LAGCOE was leaving for New Orleans and ended with a pitch competition that’s a symbol for a future where Lafayette is a hub for healthtech startups.