The Baton Rouge Area Chamber (BRAC) has good news to report for the Capitol city area regarding its economy. Today, it presented its 2018 Economic Outlook at its Regional Stakeholders Breakfast. The report is available online at brac.org/reports.
Below is the press statement released by BRAC which shows that progress is being made, regional jobs are growing and the business environment is improving:
by Stephen Waguespack
President and CEO of Louisiana Association of Business and Industry
In 1993, professional basketball star Charles Barkley made headlines when he used a Nike commercial to say, “I am not a role model…. just because I can dunk a basketball doesn’t mean I should raise your kids…. parents should be role models.”
These were quite controversial comments at that time. While some agreed wholeheartedly, many saw his comments as an excuse for perceived bad behavior on his part and that of several other athletes during that era.
Today is one of those moments in which you feel a strong sense of accomplishment, even when simply observing.
New Orleans, has made strong advances in the area of technology over the years. This is largely due to numerous companies taking advantage of the Digital Media Tax Credits to help tech-based enterprises grow their respective businesses. At the beginning of this decade, GE Capitol opened up a large headquarters in the city which put a large skin on the wall to promote. Today, the city and the State of Louisiana announced they landed a really big one, DXC Technology, a multi-billion international enterprise that is one of the largest companies in the world.
With Louisiana, once again, getting ready to fall off of the fiscal cliff, would it be better for the state to go to pot?
At some point prior to mid-June 2018, Louisiana legislature will be forced to either engage in major budget cuts amounting to roughly $1B, raise revenues, a combination of both or, extend a penny sales tax since the size of government has exceeded the revenues to pay for it.
No doubt, the Louisiana Association of Business and Industry supports tax reform and, in general, the key legislation coming out of the House of Representatives. Supporting or taking positions on various state and national legislative instruments is what LABI does along with providing other services key to its members and the community.
Louisiana business news for today: Baton rouge economic outlook, New Orleans tourism, Louisiana governor goes to Harvard