2nd annual State of Economy--economy is great and continues to grow

Photo by KADN staff

10% better than last year

Thursday, May 9, 2013 - 2:37pm

Lafayette's second annual economic report is great!  This year's economy rating is almost ten percent better than it was last year.  A lot has to do with a diversified economy especially in the medical and oil and gas fields.  Those two industries make up over thirty percent of our economy.  The CEO of Lafayette Economic Development Authority (LEDA) also announced a major new business expansion soon to come to the area.

"We got an industry coming PXP Plains Exploration has announced that they're building a twenty plus million dollar facility, and they will be creating hundreds of new jobs in the next few years that average over a hundred thousand dollars a year," says Gregg Gothreaux, CEO of LEDA.

This new facility will be based in Broussard, and will positively effect the entire parish of Lafayette proving more and more the positive growth of Lafayette's economy.

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