You glance in the rearview mirror—if you stop short, will the driver behind you end up in your back seat? You kick the horses and go. Overhead, the yellow light turns red, and somewhere behind you a white strobe flashes.
The Legislature during the special session rolled back a host of tax incentives in an effort to raise some revenue for the state, which could further hamper economic development. In the most recent jobs report for Februarythe Baton Rouge area added 8, non-farm jobs since Februaryhe notes.
Natural gas prices are still low and are forecast to stay there, which could lead to continued expansion in the chemical and petrochemical manufacturing sectors.
Oil prices have continued their run of staying low, while higher education and health care continue to weather cuts in state funding.
But the Baton Rouge area economy is diverse and creative enough to survive the negativity, according to business leaders in the area. But despite the volatility, these six leaders still see plenty of reason for optimism in the future.
Just last year, Baton Rouge General Medical Center shut down its Mid City campus emergency room, and urgent care clinics began sprouting up left and right. North Baton Rouge residents and community leaders are calling for a hospital in their health care-barren side of town.
Meanwhile, because of the fiscal crisis, the state may not have enough money to pay the contracts it has with private hospitals such as Our Lady of the Lake Regional Medical Center to care for poor and uninsured patients—which could lead the hospitals to walk away from the deal.
Going forward, the hospitals appear to be shifting from a volume-driven business model to one of value and managing health. In other words, the goal is not to wait until a patient arrives at a hospital.
Like health care, it has been battered by cut after cut in state funding sinceand tuition rates have spiked to make up the difference. LSU even flirted with the idea of exigency within the last year.
John Bel Edwards has said nursing higher ed back to health in Louisiana is among his top priorities. Despite the challenges, local higher ed leaders seem to have an optimistic view. The merger of the Southern University System with the Baton Rouge campus has generated significant savings already, Belton says.
Should the new effort yield success, LSU likely will be better positioned to handle any future crisis. Wave after wave of projects were announced in the last few years while Gov.
Much of the burden of those tax raises and rollbacks falls on the backs of businesses like chemical plants, leading outside companies to question whether to bring new plants and jobs to Louisiana. Freeing up some of those funds could provide some much-needed cash for the state, and in return, give the industrial sector a break.
Volatility in the stock market, which got off to a rough start early this year, and continued low interest rates have also put pressure on those planning for or already in retirement, Epperson says. The local industrial real estate sector absorbed somesquare feet of space in —a large amount, but only a third of the 1.
Just like everything else, the industrial market slowdown has been blamed on low oil prices. Local real estate experts are also questioning whether the Capital Region multifamily market is overbuilt, with 1, new units built last year and thousands more scheduled to come online in the next two years.
In the residential sector, inventory is low, making it difficult on buyers looking for a home. And the low oil prices could cause some prospective homebuyers to put off making a purchase this year.The latest Tweets from Business Report (@brbizreport).
Business news, events, politics and commentary on the Baton Rouge area. Baton Rouge, Louisiana. Louisiana parishes and communities take eight of the top 25 spots in the country for repetitive flood loss, with Orleans Parish at number one and East Baton Rouge Parish at 24th place. Over the past several years, the Foundation for Individual Rights in Education (FIRE) has received an increasing number of reports that colleges and universities are inviting students to anonymously report offensive, yet constitutionally protected, speech to administrators and law enforcement through so-called “Bias Response Teams.”.
See more information about Baton Rouge Business Report, find and apply to jobs that match your skills, and connect with people to advance your career.
The Baton Rouge Business Report is the. In Baton Rouge, the hearing officer is a local lawyer, and the parish attorney acts as the prosecutor. In Livingston Parish, the hearing officer and the prosecutor are the same person, Perry Rushing, the chief of operations for the Sheriff’s Office.
This is historical material, "frozen in time." The web site is no longer updated and links to external web sites and some internal pages will not work.