Since The Independent's launch in August 2003, business coverage has always been an essential component of our editorial mission. Acadiana's unique business community deserves that commitment; from powerhouses like the medical and oil and gas industries to small-business entrepreneurs, there is no shortage of compelling stories to tell about the people and companies that drive the local economy. And those stories aren't limited to success stories such as the recent expansion of Creole Lunch House and the re-opening of Jefferson Island. Credible business coverage also means investigative reporting, and whether it's questioning government contracts or digging into the reasons for Southern Structures' financial woes, we're dedicated to providing informed reporting and compelling writing that tells the real stories behind the dollar signs.
This week's issue marks the debut of The Acadiana Consumer Confidence Index, a special long-term project that provides valuable insight into the Acadiana economy. The Independent has partnered with Dean Lewis Gale and Associate Dean Paula Carson of UL Lafayette's B.I. Moody III College of Business Administration and noted Pensacola, Fla., research firm MRI Inc. for this monthly survey to gauge Acadiana residents' expectations of the condition of the local economy. Using a random telephone poll of 350 Acadiana residents that asks questions on subjects such as local unemployment rates and purchasing trends, Gale and Carson will be analyzing the results to provide an economic forecast for Lafayette and all of Acadiana. Beginning next month, the ACCI also allows us to look at how Lafayette stacks up in comparison to national economic indicators. Gale and Carson provide an in-depth explanation of the project and its initial findings, beginning on Page 14.
Complementing the ACCI is data from the Lafayette Economic Development Authority, the Acadian Home Builders Association, the state Motor Vehicle Registration Service and other sources on economic indicators, with accompanying analysis from The Ind's Leslie Turk. The ACCI and this expanded business section will appear in the fourth issue of each month. As patterns and trends emerge from the ACCI's monthly findings, we'll also be compiling comprehensive quarterly and annual reports to put the index's results in perspective.
Most importantly, the ACCI isn't just for the business community. If you're a reader whose eyes glaze over at the mere mention of economic data, keep in mind that the local and national economy is often driven by any number of factors, such as the political climate. So the random phone survey provides a snapshot of how our community is feeling about local and national issues ' another reminder that good business coverage is ultimately about people, not just numbers.
Hopefully he’ll be better prepared today than he was in that Feb. 20 deposition.
They came by the hundreds, arriving from all regions of the state to gather on the steps of our Capitol in protest of the Legislature’s long tradition of giving industry the go-ahead to abuse our air, our water and our coastline, all in the name of good economics.
Gov. Bobby Jindal’s recent rhetoric against President Barack Obama has failed to boost his standing among the conservative base.
Louisiana's annual legislative session begins.
The state has hired marksmen to shoot feral hogs from helicopters at two wildlife management areas in south Louisiana.
The former star of Saturday Night Live throws in his 2 cents on the Big Oil lawsuit.
Here's your daily look at late-breaking national and international news, upcoming events and the stories that will be talked about Monday, March 10, 2014:
The Board of Elementary and Secondary Education has stalled action on a $3.5 billion annual school funding formula due to state lawmakers by March 15.
The New Orleans Saints have yet to make it official as of this writing, but popular wide receiver Lance Moore has reportedly been cut by the team to free up salary-cap space on the roster.
While two medical marijuana bills are slated for the upcoming legislative session, what some Louisianans might not know is that the plant was approved for therapeutic use by state lawmakers in 1991.
The agenda is shaping up to be lighter than in previous years. But Jindal is term-limited, with fewer than two years remaining in office, and he saw his last big initiative — a proposed rewrite of Louisiana tax law — collapse without getting a vote in 2013.
Sharper has been held without bail because of an arrest warrant issued by Louisiana authorities accusing him and another man of raping two women.
Two Lafayette men have been revealed by police as the infamous duo behind a caper that shook our fair city to its core.
The Lafayette Parish School Board has received a second letter of demand related to last year’s insurance debacle, this time from Key Benefit Administrators claiming it’s owed $93,000 from the school system.
The Louisiana coastline is vanishing faster than mappers can keep track.
A bill that would have overridden local ordinances prohibiting public and private employers from discriminating against lesbian, gay and transgender people has been pulled within less than a week of being filed.
The panel that selects nominees for a controversial New Orleans area flood control board — a board that is suing more than 90 oil, gas and pipeline companies — is set to discuss legislation affecting its independence.
State prison officials cannot keep secret the seller and manufacturer of the two drugs purchased for executions at the Louisiana State Penitentiary, a federal judge ruled Wednesday.
State lawmakers will not appeal a judge's ruling that it was improper to use $3.7 million from a probation and parole officers' retirement fund to balance the state's operating budget.
Conservatives have been losing their minds over this satirical bit on the Colbert Report.
The Lafayette Parish School Board leaves a lot to be desired, but is scrapping the election process in favor of an appointed board the answer?
The House approved legislation Tuesday night to roll back a recently enacted overhaul of the federal flood insurance program, after homeowners in flood-prone areas complained about sharp premium increases.
The NFL has formally designated New Orleans' Jimmy Graham as a tight end for the purposes of his franchise tag value, which is now set at $7.05 million next season unless Graham and the Saints subsequently agree on a long-term deal.
A federal appeals panel ruled Monday that businesses don't have to prove that they were directly harmed by BP's 2010 Gulf Of Mexico oil spill to collect settlement payments.
The Louisiana Department of Transportation and Development has closed Interstate 10 from I-49 in Lafayette to Seigen Lane in Baton Rouge.