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This is the Acadiana Business e-mail newsletter from The Acadiana Advocate.
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The Advocate
Monday, May 23rd, 2022
 
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Rising interest rates cause Louisiana’s job growth projections to be reduced by 40%

By ADAM DAIGLE | Acadiana Business Editor​ ​ ​

Happy Monday, Acadiana, and thanks for reading us today. Let's get down to business.

The Federal Reserve’s plans for aggressive interest rate hikes to tame runaway inflation will likely cause a significant deceleration in job creation in Louisiana, according to Gary Wagner, an economist at the University of Louisiana at Lafayette. 

The economic slowdown is expected to take hold late this year and early 2023, Wagner said in his quarterly report, which was released Friday.

Not unexpected, but not great news. See you back here tomorrow for more business updates.

 
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PHI to expand services in Lafayette, add 18 jobs

Global helicopter provider PHI, which emerged from bankruptcy protection three years ago, will expand its services at its Lafayette facility and add 18 jobs. Read more

Shopping center near Johnston Street, Ambassador Caffery sold for $6.3 million

The Centerpiece Shopping Center in Lafayette has been sold for $6.3 million. Read more

Lafayette International Center named after festival co-founder Phil Lank

The Lafayette International Center will be renamed in honor of the late Phil Lank, former Lafayette community development director and Festival International de Louisiane co-founder. Read more

 
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