Dr. Loren Scott predicts the Lafayette MSA will lose 3,000 jobs in 2011. He attributes the anticipated job loss to a proposed federal tax on the oil and gas extraction industry, along with a slowdown in the Gulf of Mexico that will result from new regulatory burdens put in place due to the oil spill. (If the moratorium on deepwater drilling extends beyond the Nov. 30 deadline, the expected 2011 losses will increase by 9,000 jobs, the economist says.)
Scott's job loss predictions are supported by another expert: Dr. Joseph R. Mason, LSU Endowed Chair of Banking and nationally renowned economist, estimates that the proposed energy tax changes would trigger grave economic consequences, among which are:
Initial losses of more than 154,000 jobs by the end of 2011, not only in the energy sector but across the entire economy;
More than $341 billion in lost U.S. economic output; and
Scott says the Lafayette metro will lose another 800 jobs in 2012.
Hear Scott's complete analysis at Tuesday's Entree to Business Luncheon, presented by ABiz and sponsored by MidSouth Bank and Dwight Andrus Insurance. Tickets are $50 per person or $450 for a reserved table of eight. For more information or to order tickets, contact Robin Hebert via email at
or 337-769-8603. Read more about the annual event here.
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ABiz’s annual commercial real estate roundtable discussion comes to life.
Commercial real estate professionals say the best is yet to come.
Dollars for DocsHow to evaluate pharmaceutical company payments to physicians
First Quarter EPI 2013In cooperation with LEDA, each quarter ABiz presents the Lafayette Economic Performance Index. The EPI tracks the strength of the local economy by combining multiple data points into a single score that is compared over time.
After years of neglect, University Place Apartments will enter the fall semester a top contender for off-campus housing for UL students thanks to new ownership and a recently completed multi-million dollar renovation.
Speaking at ABiz’s second annual State of the Economy event May 9 at the Cajundome Convention Center, LEDA President and CEO Gregg Gothreaux noted Lafayette Parish’s record-breaking retail sales in 2012
Le Virage Marina is a 10-acre residential development on Vermilion River offering residents a home away from home cottage-styled campsite, complete with all the amenities of city life and direct access to Vermilion Bay.
In cooperation with LEDA, each quarter ABiz presents the Lafayette Economic Performance Index. The EPI tracks the strength of the local economy by combining multiple data points into a single score that is compared over time.
ABizMON, JUN 17 12:00AM by Nicholas Kusnetz, ProPublica
The UMC medical residency program slated to re-emerge under the management of Lafayette General Medical Center will expand the number of Hub City doctors in training by 20, bringing the total number of resident docs in Lafayette to more than 80.
The concept of a traditional neighborhood development has been a tough sell in New Iberia, and a tough road for the nonprofit Southern Mutual Help Association, which after overcoming numerous obstacles over the last six years, seems on the verge of making the long-awaited Teche Ridge a reality.
Channel surfers will soon find a new urban-focused television station, possibly as early as this week, says Delta Media General Manager Chuck Wood. “Soul of the South — Lafayette” could go live on local Channel 32 either tonight or Tuesday.
The state labor department figures released Friday show the initial claims decreased to 3,306 from the previous week's total of 3,386. For the comparable week a year earlier, there were 4,177 initial claims.
Frank’s Casing Crew, now doing business as Frank’s International, will make its final appearance on ABiz’s list of the Top 50 Privately Held Companies in Acadiana this year, and once again it will likely be at the top with more than $1 billion in annual revenues. The 75-year-old company specializing in tubular fabrication and installation services to the oil and gas industry plans to offer shares of its stock to the public for the first time.
The defeat, or rather highjacking of House Bill 420 in the final days of this year's Legislative Session, say Reps. Vincent Pierre and Terry Landry, is the result of the propaganda spread by one unidentified local media outlet and an unnamed former state Representative, but nothing to do with the original legislation's lack of checks, balances or details.
He’s a singer. A songwriter. A piano man. A family man. He’s even got his own Wikipedia entry. He’s David Egan. And he knows ancient secrets about the monolithic stones of Stonehenge that he’s not willing to share.