On Tuesday state Sen. Neil Riser of Monroe and state Rep. Joel Robideaux, Republican lawmakers who respectively chair the Senate and House committees that control the state construction budget, announced more than $22 million in capital outlay funding for various projects in the Acadiana region.
According to a press release issued by The Picard Group, total funding includes $5 million for the construction of a new cargo facility at the Lafayette Regional Airport, expected to create nearly 55 permanent jobs; $5 million for the construction and planning of Apollo Road in Scott, which will provide a major transportation artery and evacuation route from Interstate 10; $3 million total funding for the city of Youngsville for planning and construction for a new community center that will be available to use as a hurricane shelter; and up to $9.4 million in funding for UL Lafayette to be used for construction projects.
“Together with Chairman Robideaux, I am pleased to announce funding for the Lafayette region, which is incredibly vital to the state’s economy as a whole,” Riser said. “The announcement is a testament to the cooperative effort of North Louisiana working with South Louisiana for the benefit of all of our state.” Riser said he plans to continue to work with Robideaux and the Acadiana delegation to make strategic investments in capital outlay projects that benefit not only the region but the entire state.
At a press conference held at the Lafayette Economic Development Authority’s office, Robideaux also thanked the governor for his support in securing the infrastructure dollars for the Acadiana region, saying they will enable the airport, university and area municipalities to “continue to drive the economic growth in the energy sector by providing better roads and facilities, which meet the growing commerce demands of our economy.”
“With the boom in shale drilling in North Louisiana, never has the need for cooperation and support between north and south been greater in our state,” Robideaux added.
Law firm unveils newly renovated 200-year-old building.
UL grad named web developer at BBR Creative
Lafayette-based emergency department staffing and management company raises $120 million in senior credit facilities through GE Capital, Healthcare Financial Services.
High-rise apartment building, parking garage, hotel and retail part of new development.
The number of Louisianans with jobs continued to set records in September, but the state's unemployment rate kept rising as new job seekers keep entering the market.
Louisiana is drowning, quickly.
An investment group led by Macquarie Infrastructure and Real Assets will buy the Louisiana power company Cleco for $3.4 billion.
Local developer’s Lake Charles Gardens LLC purchases buildings and leases; land still owned by Dugas family.
Economist Loren Scott says Louisiana is in the midst of an industrial boom unlike any other in its history, with more than $100 billion in industrial projects either under construction or in the engineering and design phase.
The Louisiana Treasury holds $18 million in Israel Bonds — bonds that earn 2.868 percent when the three-year U.S. Treasury is yielding 1.08 percent.
ABiz celebrates another class of Acadiana's most influential female trailblazers, the Lourdes Foundation honors a local philanthropist and MedExpress in Opelousas celebrates its 22nd year as the “little ambulance service that could.”
Is Louisiana’s O&G industry ready to head south of the border?
Downtown’s newest live-work space for creatives doubles as a gallery for other upcoming artists to show their work.
A maritime case originating in Lafayette federal court could become a game changer for the oil and gas industry.
Here’s what’s at stake in the November Senate race — regardless of whether Republicans gain control of the upper chamber.
From the publisher’s in-box: ABiz reaches out to Lake Charles, time to “Come Home, Louisiana,” and now accepting nominations for Entrepreneur of the Year.
In late September Cleco and UL Lafayette showed off the Cleco Alternative Energy Center, where researchers explore ways to generate power by using renewable resources.
The most recent promotions, hirings and announcements from Acadiana's biz community.
While Amendments 1 and 2 will shield some health care providers from the budgetary whims of Gov. Jindal, they could make higher ed even more vulnerable to cuts.
Age 60 looks good on the country’s second-largest oil and gas show.
Local pieces and logo-emblazoned corporate gifts
Let’s show how much we care what it looks like.
The Memphis based investment firm Wunderlich recently arrived in Louisiana with the opening of a wealth management branch in Lafayette.
Broussard will soon be the site of a new Courtesy Automotive dealership.
Event addresses the industry’s growing need for qualified employees by providing an industry specific networking event.