Wednesday September 21, 2011
|Dr. Loren Scott|
Dwight Andrus Insurance and MidSouth Bank return as presenting sponsors
Although residential home starts in Lafayette Parish are down year-to-date when compared to 2010, sales tax collections are up by almost 11 percent and local real estate analysts see some hopeful signs in sales of existing homes in 2011, especially in recent months. The price of oil is up but rig counts and permits were down through the most recent reporting cycle. Natural gas prices are low and likely to stay that way because of over-supply, but that bodes well for the case being made for the commodity as a relatively clean bridge fuel to the future. Against a continuing backdrop of troubling national economic news and some confusing signs here at home, Acadiana’s economy remains stable, but what of the year ahead?
As business decision-makers enter that all-important fourth quarter planning cycle, ABiz magazine presents the 2011 Entrée to Business Luncheon with Dr. Loren Scott to help put these competing trends in perspective. Widely considered to be the top resource in the state on economic matters, Scott built his career at LSU, where he is now professor emeritus of economics. Known for interpreting complex data into useful, accessible numbers, he is co-developer of the Louisiana econometric model, a model used for providing annual forecasts of the Louisiana economy. Each year in early October, he publishes the much-anticipated Louisiana Economic Outlook, and he says energy remains the driver in Acadiana. “The big question for the Lafayette MSA: How fast will the Gulf of Mexico recover? Will the log jam of permits finally be opened over the next two years? Will the continued development of the Haynesville Shale and the development of the new Tuscaloosa Marine Shale pump up the region’s service industries to the exploration companies?” he asks. “The new 150-person Halliburton facility is a very hopeful positive sign.”
Presented exclusively in Acadiana at the annual ABiz Entrée to Business Luncheon, Scott’s LEO model analysis and projections provide local business leaders with valuable information as they adopt budgets and strategies for the upcoming year. The luncheon is sponsored by MidSouth Bank and Dwight Andrus Insurance, with support from the Acadiana Economic Development Council, and is slated for Friday, Oct. 7, at noon at the Cajundome Convention Center. Each luncheon attendee will receive a CD of Scott’s full LEO report as well as his Acadiana-specific PowerPoint presentation, produced by Vidox Motion Imagery.
Fort Worth company's new facility at Lafayette Regional Airport will build helicopters primarily for the export market.
Could River Ranch restaurant be the next star?
Move over Hooters — there’s a new breastaurant coming to town.
Hashtag, retweet, like, share and do whatever else it takes to get in good today with the jolly man in red.
That would be Congressman John Fleming talking about Sen. David Vitter.
The alleged mastermind behind the bribery scheme that went on for four years under DA Mike Harson’s nose isn’t just schizophrenic, bipolar and recovering from mini strokes; he now says he has cancer.
Louisiana's higher education leaders are trying to work out a financing deal to keep the state's public colleges from running low on state cash to operate their campuses.
With their latest triumph, the Saints left little doubt about how tough they are to beat in the Superdome. Unfortunately, two of their remaining three games are on the road.
The festival is scheduled for March 21-22 in New Orleans.
NOLA Bowl ready prints
Here's your daily look at late-breaking national and international news, upcoming events and the stories that will be talked about Tuesday, December 10, 2013:
For the first time in at least five years, retired teachers, state workers and school system employees could see an increase in their pension checks.
Lawmakers and Gov. Bobby Jindal's administration shared a collective sigh of relief with the news that Louisiana's tax amnesty program brought in the $200 million that they used to help balance this year's budget.
Drew Brees often makes the extraordinary look routine, particularly during night games in the Superdome.
The Cane Fire Film Series will be screening The Savoy King, a feature documentary on Swing-era drummer-bandleader Chick Webb, Ella Fitzgerald, and Harlems Savoy Ballroom.
The teams were extended invitations Sunday for the New Year's Day matchup played at Raymond James Stadium, home of the NFL's Tampa Bay Buccaneers.
Outfit Of The Game looks at jewelry.
Holiday party with style
Funds will expand Early College Academy from 250 to 1,000 students
Let ’em know and you could win a $250 night out.