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Over the past decade Louisiana significantly improved the state’s economic competitiveness, in part by developing a system of economic development programs that generated unprecedented levels of private investment. 1A supports protecting and strengthening those programs that have demonstrated the strongest return on public investment.

Perhaps the biggest accomplishment of the 2017 Regular Session was criminal justice reform. A bipartisan package of 10 bills, developed through the Louisiana Justice Reinvestment Task Force, passed both chambers. The overhaul is projected to reduce the state’s prison population by 10 percent over the next decade, saving the state approximately $262 million. Most of the savings will be reinvested to strengthen rehabilitation and reentry programs and improve public safety.

As in past sessions, 1A continues to join with partners from across the state to advocate for protecting and advancing the significant gains Louisiana has made in student achievement over the past decade. These gains are supported by reforms that are raising standards, providing accountability, and offering parental choice. Certain measures introduced this session would have taken Louisiana backward relative to these reforms and risked reversing our progress.

Earlier this year, 1A released a Regional Workforce Development Strategy (RWDS), partnering with workforce development stakeholders across the region on initiatives that strengthen our workforce pipeline. 1A tracked several bills this session in line with RWDS goals. Two of the successful bills 1A supported were SB102 by Sen. Ronnie Johns and HB584 by Rep. Walt Leger.

As a top priority for the Session, 1A advocated for increasing Louisiana’s investment in transportation infrastructure, in line with our transportation funding guiding principles. Working in partnership with the Baton Rouge Area Chamber (BRAC), 1A helped build a statewide business-led coalition known as BUILD IT: Businesses United for Improving Louisiana’s Development by Investing in Transportation.

In recent years, Louisiana has repeatedly faced significant budget shortfalls, with the holes being patched by temporary fixes. The Legislature entered the 2017 Regular Session facing a $440 million shortfall for the 2017-18 budget year and an additional $1.3 billion deficit looming in July 2018, when certain temporary taxes, such as an extra penny of sales tax, are set to expire.

Louisiana Community Bancorp announced today plans to consolidate its five subsidiary banks into one. 

Kaplan State Bank, based in Kaplan; Teche Bank and Trust, based in St. Martinville; Tri-Parish Bank, based in Eunice, City Savings Bank, based in DeRidder; and Coastal Commerce Bank, based in Houma; will combine into one charter with a new bank name.  

Once combined the bank will be one of the 10 largest banks in the state servicing 11 parishes with assets more than $1.2 billion.

MFS Acadiana was opened on October 22, 2015 by Fabio Passos. We have an amazing team of top producing loan officers and mortgage professionals that have been working together for nearly 10 years.

The regional bank from Louisiana said it expects to open the branch and its South Carolina headquarters in 5,000 square feet of office space on the ground floor of 110 E. Court St. in December.

Iberiabank has picked a new office building in downtown Greenville as the location of its first permanent branch in South Carolina.

The regional bank from Louisiana said it expects to open the branch and its South Carolina headquarters in 5,000 square feet of office space on the ground floor of 110 East Court Street in December.

The Lemoine Company is committed to making education attainable for at-risk populations in Acadiana, thanks to a recent investment in South Louisiana Community College. The general contracting and construction management firm recently invested $30,000 to support student scholarships through an endowment at SLCC.

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1A Sites Selection Investment Profile

Download our 2016 Annual Report and Business Directory.

1A Sites Selection Investment Profile

Check out our Investment Profile featured in Site Selection to learn about Acadiana’s target industries, regional assets, recent business recruitment wins, and business leaders’ perspective on finding success in Acadiana.

Southern Louisiana Economic Development Guide 2015-2016

Look for coverage of Acadiana throughout Vol. 1 of the 2015-2016 Southern Louisiana Economioc Development Guide. Click the image to view.

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Click the play button above to watch a recording of the LOGA Gubernatorial Forum moderated by One Acadiana President & CEO Jason El Koubi. The Forum was held March 13, 2015 in Lake Charles.

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News Page Play Button.pngClick the icon to listen to VP of Urban Revitalization and Development Harry Weiss and Dr. Pearson Cross discussing importance of I-49 South and the I-49 Lafayette Connector project on KRVS Radio Acadie 88.7 FM

News Page Play Button.pngClick the icon to listen to One Acadiana staff members, Jeff Bashaw (COO) and André Breaux (Director of Policy Initiatives) give updates on One Acadiana's progess and initiatives on KRVS Radio Acadie 88.7 FM.

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 If interested in more information about news, contact Vice President, Governmental Affairs & Communications Anita Begnaud at anita@oneacadiana.org

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