State of Louisiana currently has $93 billion worth of expansions underway, looking good for economy
LAFAYETTE, LA (KADN) — A-Biz, the Acadiana Business's 2013 Entree to Business Breakfast this morning had keynote speaker Dr. Loren Scott speaking to business leaders in Acadiana about the predicted forecast of the national economy, local economy, and the state's economy for the next two years. Despite the national economy expected to decline, things are looking good for Lafayette as well as the state.
"If you have a retail store or a service store it's not going to be a bad year, it's going to be a really fine year for you going forward. The real estate business is going to be a fine year. The real estate is doing very, very well right now in Lafayette. It means that you're going to be operate in a growth environment and not a declining environment," says Dr. Loren Scott, professor emeritus at LSU, president of Loren Scott Associates, Inc.
Lafayette is the fourth fastest growing area in the state. Louisiana has $93 billion worth of expansions going on mainly in Baton Rouge and Lake Charles. It's looking like southwest Louisiana is predicted to not see any problems within the next two years.