Though we all knew it, now the nation does too, as the Hub City has topped Area Development magazine’s lists for Leading Locations, best mid-sized cities and best Southern cities. Not bad, Lafayette.
Out of 380 MSAs surveyed for Area Development’s Spring issue, Lafayette, in addition to taking the no. 1 spots for Leading Locations, best mid-sized city and best Southern city, also topped the magazine’s lists for Economic Strength, Year-Over-Year Growth and best Recession-Busting mid-sized cities.
The study was based on 21 economic indicators taken from the Bureau of Labor Statistics, the Bureau of Economic Analysis and the U.S. Census American Community Survey, and according to the magazine: “The goal was to identify which cities across America are emerging from the recession as economic front-runners — and why.”
“Lafayette has seen significant economic growth in recent years and this recognition from Area Development reflects that,” says Gregg Gothreaux, President and CEO of the Lafayette Economic Development Authority. “Local economic indicators have rebounded and, in many cases, exceeded pre-recession levels. With growing retail sales numbers, shrinking unemployment and a growing workforce and wages- all signs point to the fact that over the next decade Lafayette will increase its status as one of the premier cities in the South.”
The magazine also noted Lafayette’s no. 24 out of 200 ranking on the Milken Institute’s Best Performing Cities Index for 2012 — a 69 spot jump from its previous year’s placement — and its 8.6 percent rise in employment between December 2011 and 2012, the nation’s largest.
Following Lafayette on the top 10 overall cities list were Fargo, N.D.; Odessa, Texas; Columbus, Ind.; Sunnyvale-Santa Clara, Calif.; Austin, Texas; Holland-Grand Haven, Mich.; Farmingham, Mass.; and Bismark, N.D.
The remaining top 10 mid-sized cities included: Fargo, N.D.; Holland-Grand Haven, Mich.; Farmingham, Mass.; Corpus Christi, Texas; Houma, La.; Santa Rosa-Petaluma, Calif.; Springfield, Ill.; Burlington, Vt.; and Longview, Texas.
Click here for more.
The Houston firm said Friday in its weekly report that 1,575 rigs were exploring for oil and 338 for gas. One was listed as miscellaneous. A year ago there were 1,776 active rigs.
It will be next month before Gov. Bobby Jindal will likely get a chance to change the membership of a South Louisiana flood board that is suing dozens of oil, gas and pipeline companies.
Newly established honor recognizes outstanding local attorneys; Neuner and McGoffin win President's Award; and Blanchard named Outstanding Young Lawyer.
Daily paper constructing new digs near production plant on Rieger Road at Siegen Lane, near I-10.
Investigation finds Arnaud’s Furniture, Carroll Building Specialties and Crazy Charlie’s Shoes running misleading going-out-of-business sales.
Critics say workers and retirees are being held responsible for the Jindal administration's mismanagement of their program.
Potenza Marketing makes fastest-growing companies list.
Local 101 class Friday
“Byzantine” is the word members of the nominating committee for the local flood protection authority often use to describe the complicated, multi-layered matrix of qualifications that must be met to fill a vacancy on that board.
In the Pelican State, Benjamin Franklin buys you about $109 worth of stuff.
Brittan Bush joins Liskow & Lewis, Blake David installed as the Third District Member of the Louisiana State Bar Association’s board of governors, and Simien & Miniex announces 2014 scholarship winners.
“In some cases, we’ve found that these parts are nothing more than used junk yard parts. In others, we’ve found them to be foreign knock-off parts of questionable quality.”
The old Daily Advertiser building on Jefferson Street is being rehabbed as the owner prepares to move it back into commerce.
Its fourth leader gone after two years on the job, the facility struggles to balance the tension between its two missions.
Hub City Cycles hits the ground running through small-business center opportunity.
The future of the coastal loss lawsuit could rest in hands of board’s nominating committee.
Leaders from the local tech community ponder the question: What's missing from Acadiana's tech ecosystem?
AT&T’s U-verse heads our way. Here’s what it means for you.
LITE’s virtual environments are changing the way local employees learn how to do their jobs.
Local tech gurus will go the distance to call Lafayette home.
A look at recent hires, promotions and other news from Acadiana's business community.
New Johnston Street eatery catapults to No. 1 spot in nearly 200-location chain.
By identifying companies that match the output of its post-secondary educational institutions, Lafayette is creating opportunities that keep highly trained graduates in the area.
Gideon’s Promise lauds G. Paul Marx’s work to improve the quality of indigent defense and helps train five new public defenders.
What will INNOV8 4.0 look like?