economy

Louisiana economy struggles with reliance on oil and tourism, analysis shows

BY: - July 28, 2021

Despite historic declines at the beginning of 2020 as the novel coronavirus spread and slowed the economy, tax revenues for most states rebounded by the end of the year to near pre-pandemic levels — but not for Louisiana. An analysis released Monday by Pew researchers sheds light on how Louisiana’s reliance on oil and tourism […]

More than $350B in federal recovery cash starts rolling out to states, cities, parishes

BY: - May 10, 2021

WASHINGTON — States, cities and counties can begin to tap their share of the $350 billion in federal funds intended to spur a national recovery from the economic toll of the COVID-19 pandemic, White House officials announced Monday. The Biden administration said the much-anticipated money, which was included in the massive relief law enacted earlier this […]

Louisiana Survey shows economy and pandemic top residents’ concerns

BY: - March 30, 2021

The results of the 2021 Louisiana Survey, released Tuesday, indicate residents are most concerned with the COVID-19 pandemic and the economy, even though more than two-thirds of those surveyed say that financially they’re doing as well or better than they were a year ago. Researchers in the Public Policy Research Lab (PPRL) at LSU’s Reilly […]

Biden rolls out $1.9 trillion emergency package to battle pandemic and economic crises

BY: - January 14, 2021

WASHINGTON — President-elect Joe Biden is calling on Congress to approve a sweeping package for economic and pandemic relief with a price tag twice that of the emergency aid passed in December after months of acrimonious negotiations. Biden’s $1.9 trillion proposal, which he is set to outline in a speech Thursday evening, is framed around […]

Amazon to build giant $100M facility in Carencro and create 500 jobs

BY: - December 22, 2020

Amazon plans to build a 1 million square-foot fulfillment center in Carencro next year, Gov. John Bel Edwards announced Tuesday.  The facility, the first fulfillment center for Louisiana, will be located at a 12-acre site formerly home to an Evangeline Downs racetrack near the junction of Interstates 10 and 49 in Lafayette Parish. It will […]

Emissions data from LSU serves reality check to Climate Task Force

Bill passes offering $48 million in tax breaks to oil and gas industry

BY: - October 22, 2020

The Louisiana Legislature passed a bill Wednesday that would give an estimated $48 million in tax exemptions to the oil and gas industry. House Bill 29, introduced by Rep. Phillip DeVillier, R-Eunice, would suspend a 12.5 percent severance tax that companies pay on oil and gas extracted from abandoned orphan wells, newly-drilled wells, or old […]