Business News

New details emerged this week about how New Orleans landed a spot in Elon Musk's Boring Company tunnel competition, and what the city actually proposed to get there. Documents obtained by The Times-Picayune show that Mayor Helena Moreno submitted a four-page proposal in February to The Boring Company's Tunnel Vision Challenge — a competition the company launched in January inviting any entity, public or private, to pitch a one-mile tunnel concept. The company pledged to fund

Governor Jeff Landry stood at England Airpark on Tuesday and made an announcement that Central Louisiana's economic development community has been waiting years to hear. Applied Digital Corporation — a Dallas-based company that designs, builds, and operates data centers for artificial intelligence and high-performance computing — will develop Delta Forge 1, a $3.6 billion AI factory campus in Rapides Parish. It is the largest economic development project in the region's moder

The numbers coming out of Baton Rouge over the last two years are the kind that would have seemed implausible a decade ago. Since Governor Jeff Landry took office, Louisiana has secured more than $90 billion in capital investment and nearly 80,000 new job opportunities statewide. In 2025 alone — the largest capital investment year in state history — Louisiana announced more than $61 billion in new projects. The state has won Business Facilities' Platinum Deal of the Year awar

Louisiana's tax reform story over the last two years is one worth telling. The 2024 special session produced genuine, structural change: a flat 3% individual income tax, a reduced corporate rate of 5.5%, the elimination of the corporate franchise tax, and permanent full expensing — making Louisiana one of only three states in the country to fully decouple from federal phasedown rules on business investment. The Tax Foundation took notice. Louisiana jumped six spots in its Sta

Louisiana families know what it feels like to stretch a budget. They know what it costs to fill a prescription. And most of them have no idea that a significant reason American drug prices are so high is that wealthy foreign governments — our own allies — have spent decades rigging the system to avoid paying their fair share. That imbalance is now squarely in the crosshairs of the Trump administration, and Louisiana has every reason to pay close attention. A recent analysis f

By Sean Corkery One of the first things I did when I turned 18 was open a brokerage account and buy my first stock. The rules were clear, the broker had to be registered with FINRA, material risks had to be disclosed in the prospectus, and fraud carried real legal consequences. These aren't bureaucratic hurdles, they are the bedrock of a system that made American capital markets the deepest and most trusted in the world. Now Congress is considering legislation that would exem

You don't spend four decades in banking without developing a feel for when a market is about to turn. Joe Zanco has that feel — and right now, he's more optimistic about Louisiana than he's been in years. Zanco is the President and CEO of Catalyst Bank, a community lender with deep roots in Acadiana. His career includes more than a decade as CFO at Home Bank, one of the region's largest institutions. He's seen Louisiana's economy at its best and its worst. And when someone wi

Louisiana’s economic challenges are well known in the business community: slow population growth, inconsistent job creation, and difficulty attracting outside investment compared to neighboring Southern states. While recent tax reforms have improved the state’s standing, they have not yet addressed the core issue shaping long-term competitiveness—how Louisiana taxes income. For business leaders and site selectors, tax structure is not just a line item. It is a signal. It refl

Something unusual is happening in the wetlands south of Pecan Island, and in the committee rooms of the Louisiana Legislature, and in the quiet corridors of the Landry administration. Hunting leases are being cancelled. ExxonMobil is shelving a major carbon capture project. A coordinated package of aerospace incentive bills materialized in the Louisiana Legislature within 48 hours of the March 31 filing deadline, carried by two of the most powerful committee chairmen in the H

here is a version of Louisiana's economic story that is always about what's next — the next LNG terminal, the next petrochemical plant, the next foreign manufacturer choosing a greenfield site along the Mississippi River corridor. That story is real and it matters. But this week in Arabi, St. Bernard Parish, a different kind of economic signal went into the ground: a groundbreaking that looked backward as much as it looked forward, and that may say more about Louisiana's unde

For decades, Louisiana has imposed one of the most economically damaging and outdated taxes in America: the inventory tax. At a time when states across the South are competing aggressively for manufacturing projects, logistics hubs, distribution centers, and industrial investment, Louisiana continues taxing businesses simply for holding inventory on shelves and in warehouses. Forty-one states do not impose this type of tax at all. That matters. The inventory tax punishes comp

Louisiana has spent the past several years positioning itself as an emerging hub for next-generation industry. From advanced manufacturing at Michoud to a growing footprint of large-scale data centers, the state is quietly building the kind of infrastructure that will define the artificial intelligence economy. That makes a largely Washington-focused debate over AI export controls more relevant to Louisiana’s economic future than it might first appear. At its core, the issue