News from the South - Louisiana News Feed
State officials say Louisiana economic incentives have negative fiscal returns | Louisiana
SUMMARY: At a Louisiana Legislature hearing, the Economic Development Department analyzed its incentive programs, revealing that while many have negative fiscal returns, they provide a positive economic return for taxpayers. The Quality Jobs program, which offers payroll rebates to encourage higher-paying jobs, has benefitted many small businesses. Although it generates a 70-cent return per dollar spent, overall fiscal returns remain low. Competing states like Texas and Florida present challenges with their lower corporate taxes and better deal-closing funds. The Motion Picture Production Incentive, however, has shown remarkable success, yielding $6.32 for every dollar spent and supporting workforce development initiatives.
The post State officials say Louisiana economic incentives have negative fiscal returns | Louisiana appeared first on www.thecentersquare.com
News from the South - Louisiana News Feed
Sunny, dry, and warm
SUMMARY: Southeastern Louisiana is enjoying a beautiful, sunny day thanks to a building area of high pressure. Currently, there are no clouds or rain in sight, with temperatures reaching a high of 84 degrees in New Orleans and lows in the upper 50s to low 60s overnight. Tomorrow, expect more sunshine and temperatures in the mid to upper 80s. A cold front will approach on Monday, bringing cooler conditions and potentially increased breezes as it passes through on Tuesday. The tropics remain quiet, with only a system near the Cape Verde Islands showing a low 20% chance of development.
Sunny, dry, and warm
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News from the South - Louisiana News Feed
5 years after Hard Rock collapse, recovery still in progress
SUMMARY: Five years ago, a tragedy struck in New Orleans when the partially built Hard Rock Hotel collapsed, claiming three lives and injuring over 30 others. The area remained scarred for years, with nearby businesses struggling to recover. The building was finally demolished in 2021, leaving a fenced-off empty site. While some local venues have reopened, such as the Sanger Theater and Ruby Slipper Cafรฉ, others have not returned, and navigation remains difficult in the vicinity. Although there are signs of slow recovery, families of the victims continue to grieve. City officials express solidarity with those affected by the tragedy.
As Rachel Handley shows us, it looks very different now, but there are still scars.
News from the South - Louisiana News Feed
Top Stories week of Oct. 8, 2024
SUMMARY: This week‘s top stories highlight ongoing issues in Louisiana, notably involving private building inspectors. Randy Ferrell, owner of a major inspection company, faces federal indictment for allegedly falsifying inspections, impacting homeowners like Dr. Christopher Morero and others whose homes faced unsafe constructions due to unregistered inspectors. Additionally, St. Tammany Parish officials face scrutiny amid a failed recall effort against Dr. Christopher Tape, entangled in child assault allegations. Meanwhile, the New Orleans Department of Public Works is under investigation for allegations of employee mistreatment. Lastly, a Nazi-looted painting was returned to its rightful owners after 80 years, marking a significant moment for the family.
A nazi-stolen work of art is returned to the grandkids of the original owner, and a master oyster shucker is hoping for another national championship win.
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