Lafayette Parish retail sales got off to a rough start this year, falling more than 14 percent during the first two months and almost 11 percent in March, compared with the first three months of 2009. But they may be staging a comeback. April’s sales in the parish were $395.71 million, which means the year-to-date figure is now off by 8.55 percent. So far, it’s an improvement after last year’s 11.61 percent slide — retail sales in 2009 were $4.8 billion compared with $5.4 billion in 2008.
Those sales reductions mean less tax money for local government — for both capital funds and the general fund.
Some slight improvement is also being seen in hotel-motel receipts, which are down 18.42 percent, after falling 28 percent in January and staying down year-to-date by about 21 percent in both February and March. Monthly hotel receipts in April were $5.3 million, compared with $5 million in March, $4.8 million in February and $4.1 million in January.
Money from the first and only settlement so far in a Louisiana flood board's lawsuit against dozens of energy companies will be placed in a special account dedicated to coastal restoration.
BP is heading to a federal appeals court in its effort to oust the administrator of damage settlement claims arising from the 2010 Gulf of Mexico oil spill.
The 59-41 Senate vote was one shy short of the 60 needed to clear the House-passed measure.
Spot bonuses to employees who go above and beyond on projects one of several reasons national mag calls BR-based biz bank a cool place to work.
The Director Search Committee interviewed the five men still in the running via video last week and is set to trim the field this week.
Telecom’s decision to halt deployment to more than 100 cities while it awaits net-neutrality rules appears to be little more than a temper tantrum.
Environmental (and political) junkies got a double fix when The Lens hosted a discussion between its environmental writer and the lead attorney in the levee board suit.
Follow The IND to hear Lens environmental reporter Bob Marshall's interview with Gladstone Jones, the lead attorney in the lawsuit against the oil and gas companies for coastal damages.
The $35B deal leaves the burning question about what it will mean for the thousands of these two service giants' local employees.
Broussard & David set up shop at the corner of Jefferson and Vermilion.
in light of falling oil prices, Forbes asks, “Will there be more?”
Lake Charles lets Acadiana companies in on the action as our neighbor to the west prepares for unprecedented growth.
A new study analyzes the state of the Lake Charles region and the impact 19 industrial projects will have on residents.
A U.S. magistrate judge calls “garbage” on behavior of attorneys for Progressive Waste Solutions.
The Lafayette food truck scene is slowing down but not stopping.
Lake-area financial institutions seeing green.
As the Lake Charles region ramps up for record-setting growth, ABiz lays out the challenges and opportunities ahead for South Louisiana.
Who was hired and promoted in Acadiana business?
Louisiana’s Ragin’ Cajuns are driving innovation in Louisiana.
The boom is coming, and McNeese is ready for it.
It’s time for Lafayette and Lake Charles to embrace “coopertition.”
We can make Acadiana — in reality and reputation — the best place in the South for a great career in an idyllic family environment.
Lake Charles’ technical community college wasted no time developing programs to prepare the area’s workforce.
With the help of WISE grant funding, SLCC is poised to help meet the region’s exploding demand for skilled workers.
As industry expands in Southwest Louisiana, so too does our tourism industry.