Analysis: Lafayette’s economy lost nearly a billion dollars in 2020
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.
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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.
GDP, personal income, employment, retail and real estate sales are all increasing, but without oil and gas recovering our economy is trending towards mediocrity.
Lafayette needs to replace $10 billion in local GDP in the next five years or risk losing an entire generation of thinkers and doers.
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