Wednesday, May 2, 2012
We have a feeling the success of INNOV8 Lafayette will be felt for some time to come — and far beyond what its organizers even imagined. Take, for example, CajunCodeFest’s mission to tackle childhood obesity with a competition that awarded $25,000 to the winning concept, “PlayFit” by team BE CAMP VB, which created a system to manage “pickup” games and events that target at-risk kids by engaging community groups like churches and the YMCA. The victory includes entry to the invitation-only U.S. Health Datapalooza competition, a public-private collaboration in D.C. that encourages the use of readily available health data to create innovative solutions that spark community action for improving health. One of the software programmers competing in Lafayette last week, Reza Jelveh, came all the way from Hamburg, Germany, because he hopes to launch a startup in Lafayette. Thanks to Louisiana Department of Health and Hospitals Secretary Bruce Greenstein, U.S. Chief Technology Officer Todd Park (pictured) was also in the house. INNOV8 set out to brand Lafayette’s creative economy over the course of its eight days of events. Did it succeed? See this week’s “C’est What?!” and you be the judge.
Gov. Bobby Jindal and his Economic Development Secretary Stephen Moret are flying high through the corporation-lined clouds as they tout the state’s low unemployment figures and stable economy as reasons for supporting big-business tax breaks and other corporate exemptions that the Jindal administration has been steadily handing down. If Jindal and Co. ever decide to return to the reality of our state’s ongoing budget deficits, they’ll see that these same tax breaks and huge incentives for corporations to locate to Louisiana aren’t doing much, if anything, to aid the state’s coffers. According to a recent column from AP’s Melinda Deslatte, Moret is correct in his assertion that “these projects have had a very significant impact on our tax revenues,” but economists working to forecast state income counter that the impact has been anything but positive. Deslatte notes that the state lost $905 million in revenue in 2008 due to corporate income tax exemptions and credits, with those same tax credits expected to starve state coffers of another $1.4 billion in 2012. And though the national recession has played a role in Louisiana’s budget problems, it’s safe to say that the 83 percent drop in corporate tax collections, down $940 million from 2007-2008 to $156 million for 2012-2013, is a pretty significant factor in the steady decline of state services.
State news outlets have been quick to harp on Gov. Bobby Jindal’s extensive out-of-state travels since he took first office in 2008, but even frequent-flyer Jindal hasn’t racked up the 41 days of national and international travel that state Insurance Commissioner Jim Donelon has acquired since March 2011 — more than $20,000 worth of free trips paid for by the National Association of Insurance Commissioners, a national group with established ties to the insurance industry. The insurance commish tells The Political Desk (during a phone interview while Donelon was in Washington, D.C., on an NAIC-sponsored trip), that his travels represent a “unique situation:” Come 2013 he’ll the be the first NAIC president from Louisiana. Donelon maintains that his president-elect post at NAIC just ain’t as cozy as it appears, though his free trips to Nicaragua, Key West, Miami Beach and other exotic locales make it hard to argue that Donelon hasn’t signed on to a pretty sweet gig.
Mellow Mushroom Pizza Bakers opens on Johnston.
Cirque du Soleil effortlessly combines circus art with beloved Michael Jackson hits.
Kelly Guidry Open House
Parents and teachers who support the Common Core education standards sued Gov. Bobby Jindal Tuesday over his actions against the multi-state standards, accusing him of illegally meddling in education policy.
Acadiana's nightlife guide.
An arrest was announced this morning in connection with last week’s bomb scare at UL Lafayette.
Attorneys, judges and others interviewed by LaPolitics expect 15 to 20 district judge races this year.
"I feel like I'm under siege," an attorney said recently over drinks at Galatoire's Bistro in Baton Rouge. "We all do. Every time I turn around somebody wants a check. District attorney races. The judges. They're killing us."
As a requirement for running for Congress in the 6th District, former Gov. Edwin Edwards has filed his financial disclosure statement with the U.S. House showing his income in 2013 totaling $242,787.
Unlike those swindled by Bernie Madoff, the victims of Texas businessman Robert Allen Stanford’s Ponzi scheme won’t be getting any relief from the Securities Investor Protection Corp.’s emergency fund after a recent appellate court ruling.
Tuesday's Blogs from the Bog!
Acadiana's Top 50 Private Companies
It would be an understatement to say Schumacher Group had a challenging year in 2013.
Hampton Toyota has been serving Acadiana as the premier Toyota dealership for more than 10 years. And now, the glossy Johnston Street dealership is looking forward to a makeover.
Even when Floyd Degueyter is on “vacation” he’s hard at work.
As the second largest metal heat treating company in the country, Analytic Stress Relieving Inc. has grown by leaps and bounds since its inception in 1979.
When the Prohibition era came to an end in 1933, Joseph R. Streva saw an opportunity to make a little extra money to supplement his day job.
When a hurricane hits, Brent Mouton doesn’t run. The convenience store chain owner is proof that the challenges of mother nature can almost break a business, but Mouton learned to grow out of temporary closure from near devastation in 2002 and of lost potential revenue.
By launching a Super PAC to end all Super PACs, our Top 50 keynote speaker hopes to change the game in Washington.
The 2014 Entrepreneur of the Year Symposium is new to the line up and will debut in early December.
Oil Center-based private facility extends its offerings with special events venue in failed women’s store.
One year later, is his expansion plan paying off?
Newspaper industry insiders question John Georges’ expansion plan.
How the U.S. has gotten itself into another fine mess
The Heymann Center was transformed into a culinary adventure in mid-June for the EatLafayette kick-off event, A Taste of Lafayette, and for the third consecutive year, a sellout crowd filled the Cajundome Convention Center June 19 to hear LEDA chief Gregg Gothreaux’s State of the Economy report.
A look at recent hirings, promotions and other announcements from Acadiana's business community.
Anne Pyle puts a bow on a stellar, expectations-defying career with her latest venture.
Carnitas, polenta and a verde sauce create layers of a Latin classic
Prince George turns 1 today; crash victims' bodies headed home; homeless attacked in New Mexico and more national and international news for Tuesday, July 22, 2014.
The boho vibe goes feminine.