Scott, professor emeritus of economics at LSU and co-developer of the Louisiana econometric model — used to provide annual forecasts of the Louisiana economy — delivers his Economic Outlook report in Lafayette each fall as an ABiz exclusive. Scott provides analysis and data-driven projections catered specifically to this area — a valuable informational tool for local business leaders preparing budgets and strategies for next year.
A testament to the value of Scott’s insights for the local business community is the longtime commitment from co-sponsors Andrus Insurance and MidSouth Bank, as both companies have assisted ABiz in producing the annual event every year since its launch in 2003.
“Through the years, Dr. Scott’s in-depth assessment of Acadiana’s economy has become an invaluable tool for us, as well as clients who are looking to mitigate their business risks,” says Dwight
|Andrus Insurance's Dwight Andrus IV, Andy Andrus, David Andrus, Reed Andrus and Adam Andrus|
Andrus III, CEO of Andrus Insurance. “I would encourage all decision-makers in the Acadiana area to take advantage of his insight as they plan for the future of their business.”
Jennifer Fontenot, MidSouth Bank’s regional retail manager, says Scott’s prognostications help the bank’s customers decide whether the timing is right for a number of key decisions they make about their businesses, particularly whether they should invest in hiring and expansion. “Scott also interviews local execs from bellwether companies, and we’re always interested in hearing what these successful companies have planned and how they view the economy down the road,” Fontenot says.
“With every monthly update that comes out about how our economy is faring, whether it’s retail sales, home sales, rig counts, unemployment or the price of oil, people can get a general sense of the direction we’re moving in,” says Kevin Latiolais, regional president of MidSouth Bank’s Lafayette and Opelousas markets. “But those indicators are only a monthly snapshot of the economy. What we get every year from Dr. Scott is an overview of how the overall economy is doing now and where it’s headed over the next several years.”
|MidSouth Bank's Kevin Latiolais, Carolyn Lay and Troy Cloutier|
Supporting sponsors include Cane River Pecans, which specializes in custom branded tins of choice Louisiana-picked pecans for corporate giving, and The Acadiana Economic Foundation, comprised of economic development experts from Lafayette, St. Landry, St. Martin, Iberia, Vermilion and Acadia parishes. A copy of Dr. Scott’s PowerPoint presentation will be posted on the ABiz website immediately following the breakfast, courtesy of Vidox Motion Imagery, the digital media sponsor.
Last month, 19,629 passengers boarded planes at the airport, and another 19,627 passengers deplaned, also the highest number on record for the month, according to the airport’s figures released Wednesday.
A legal tug-of-war continues in a state levee board's lawsuit against 97 oil, gas and pipeline companies over the erosion of wetlands.
A former BP drilling engineer was convicted Wednesday of deleting text messages from his cellphone to obstruct a federal investigation of the company's massive 2010 oil spill in the Gulf of Mexico.
In Louisiana's latest tax amnesty period, Gov. Bobby Jindal's administration added a new twist, letting companies settle their back-owed taxes with unused tax credits, instead of paying cash.
The lawsuit filed in New Orleans alleges that more than half the Social Security numbers on Mikal Watts’ client list were fake — either dummy numbers or numbers belonging to someone else, living or dead.
Industry veteran named GM and CEO of Cypress Bayou's casino and hotel operations.
The IND's directory, the most comprehensive in the market, includes health clubs, gyms, health and sports drinks, medical fitness facilities, and studios and classes to keep you healthy and fit in the new year.
More local companies expected to take advantage of economic boom.
The National Conference of State Legislatures estimates $800 million of sales tax revenue annually in Louisiana is not collected and remitted by internet vendors.
State Treasurer John Kennedy argues in a new op-ed emailed to media Tuesday that, with an anticipated $100 million surplus from the last fiscal year, Louisiana should invest the funds in I-49 South.
The Supreme Court won't decide if the Obama administration violated a judge's order that struck down its temporary moratorium on deep water drilling after BP's 2010 oil spill in the Gulf of Mexico.
On Friday LOGA filed suit against Louisiana AG Buddy Caldwell, claiming he illegally approved a New Orleans flood protection board’s contract with lawyers suing 97 oil, gas and pipeline companies for damaging the state's coast.
The major deals that shaped the business scene this year.
Far from an overnight success, ABiz Entrepreneur of the Year Lenny Lemoine helped build a successful construction company the old-fashioned way: through hard work, determination and cultivating relationships.
Recent hires, promotions and news from the world of Acadiana business
From a chili cook-off to author Scott Turow to honoring Acadiana's top philanthropists
Local optometrist transforms Oil Center space.
Third quarter EPI bests second quarter 2013 and comparable quarter last year.
You might want to think twice before sending a text to someone you know is driving and likely to read it immediately.
An ordinance phasing out a rebate Lafayette businesses receive for collecting and remitting sales taxes is tabled, but it doesn’t solve the vexing issue of government revenue in the city and parish, and hopefully it will spark some serious discussions about our pressing needs.
Amount generated by the state’s 2013 tax amnesty program, more than double some estimates
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased to 1,782.
September's $509 million in sales pushed Lafayette Parish's nine-month total to $4.4 billion.
The New Orleans architect behind the 1984 World’s Fair also left his mark on Lafayette.
Fort Worth company's new facility at Lafayette Regional Airport will build helicopters primarily for the export market.