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.
School board members Mark Babineaux, Hunter Beasley and Tehmi Chassion can vote to fire Cooper — because we all know that’s exactly what they’ll do.
District 2 school board candidate Simon Mahan is hoping to unseat first-term incumbent and former Carencro Mayor Tommy Angelle in the Nov. 4 election.
District Attorney Mike Harson is showing his desperation by falsely attributing quotes to his opponent and blocking journalists from his social media.
The governor is traveling the country laying the groundwork for a possible 2016 presidential campaign, but his approval ratings at home hover well below 50 percent.
State District Judge Bob Downing extended the order and delayed a planned Wednesday hearing about a permanent injunction while negotiations continue between Attorney General Buddy Caldwell and the waste disposal site operator.
New Louisiana higher education commissioner Joseph Rallo will be paid more than his predecessor.
Elijah McGuire and Alonzo Harris each had four rushing touchdowns, and Louisiana-Lafayette rolled to 419 yards on the ground in a 55-40 victory over Arkansas State on Tuesday night.
Bill and Hillary Clinton are the validators-in-chief for Democrats struggling through a bleak campaign season in states where President Barack Obama is deeply unpopular.
President Barack Obama is turning to black radio listeners to plead for midterm votes, a targeted approach to drum up Democratic support at a time when many candidates don't want him around in person.
WaPo Watergate editor Ben Bradlee dies; Clintons stump for Dems; Liberians stranded and more national and international news for Wednesday, October 22, 2014.
Wednesday's Blogs from the Bog!
"I am extremely disheartened by the political machines that are attempting to hijack my efforts along with others that advocate for children."
Landrieu, who is fighting to keep her seat for a fourth term, said that Ebola is serious and precautions should be taken, but she accused Republicans of using the virus outbreak in West Africa to "create fear" here at home.
Law enforcement agencies are participating in a "Louisiana Heroin Summit," designed to address the recent rise in heroin use and drug-related deaths around the state.
State education officials are preparing to release performance scores for public schools and public school districts.
Saints coach Sean Payton is starting a new week by emphasizing, repeatedly, the many good things he noticed during New Orleans' latest loss.
We will be offering our recommendations on the constitutional amendments tomorrow.
The justices did not comment in leaving in place lower court rulings that dismissed the lawsuits against BP and other companies involved in the worst U.S. offshore oil spill.
White registration is down by 7,700 voters while black registration has shot up by 7,100 voters.
Even though it had been rumored for months, U.S. Sen. Mary Landrieu finally pulled the trigger recently on a major campaign shakeup that moved control over to a few Big Easy insiders.
Louisiana's health department says it will seek law changes to stop billing sexual assault victims for exams and tests.
It wasn’t the historic slashes to higher ed funding or the ensuing tuition spikes that recently had LSU’s student body and faculty riled up in collective outrage.
Will $400 be enough for the re-election campaign of LPSB's Hunter Beasley to overcome two years of holding our school system hostage and hurting the education of our children all because of a personal dislike of the superintendent?
Saints tight end Jimmy Graham said Friday he expects his playing status in Detroit to be decided by coach Sean Payton on Sunday, shortly before the game.
Lawmakers have sidestepped a decision on whether they accept claims from Gov. Bobby Jindal's administration that the state closed last year's books with a nearly $179 million surplus.