According to a recent report by USA Today, Lafayette, LA has the 6th fastest growing middle income group. The report is based on Census data and refers to those making $20,700 to $99,900 per year. The middle class in Lafayette grew 4.1% from 2006 to 2010 Nationally, the middle-income group has been steadily declining with [...]

During the 2010-2011 fiscal year, 57 Acadiana businesses were awarded $5.6 million in Incumbert Worker Training grants. Furthermore, local Acadiana small businesses received $769,684 in SBET (Small Business Employee Training) grants.  This amounts to nearly ¼ of the total amount awarded by the SBET statewide. The IWTP is administered by the Louisiana Workforce Commission.  The [...]

A better than expected employment report released by the Bureau of Labor Statistics has left average fixed mortgage rates up sharply over the previous week’s record setting lows as reported by Freddie Mac in its Primary Mortgage Market Survey. Despite the increase, mortgage rates remain near 60-year lows. 30-year fixed-rate mortgage (FRM) averaged 4.12 percent [...]

Many small business owners are largely unaware of the quality, free resources available in our Lafayette area. Whether you are looking to start a new business, need accounting, legal or marketing assistance or are just looking to constantly improve and grow, there are free resources to be found. We’ve compiled a list of some of [...]

Lafayette, LA has had lots of great news on the economic front in recent months. Business Insider released its list of top cities for fastest economic growth and Lafayette was ranked #6. The list was compiled based on GDP data from the Bureau of Labor Statistics. According to the report, Lafayette’s GDP was $16.4 billion, [...]