From an economic development standpoint, the downtrodden mindset is not acceptable. In a free market economy, a person or group is challenged with problems every day. In fact, some would say it is the business community that is best equipped to utilize innovation to find solutions to problems that solve some of society's issues while at the same time reaping financial benefits.
This year, 2022, should be a good one for business in Southwest Louisiana — with much of the outcome dependent on the COVID impact, inflation, and supply issues.
Our Alliance in-house economist, Dr. Dan Groft of the McNeese H.C. Drew Center, reports that looking back to last year, the taxable sales in Calcasieu Parish increased by over $1.4 billion from 2020 to 2021. This represented a 24.2 percent increase.
A prosperous economy, resilient coastline and homes, and updated infrastructure are vital to ensuring we maintain and grow our community. This requires a concerted effort by private and public partners and local, state, and federal governments to secure the future of Lake Charles. One key partner in our efforts has been Sen. Bill Cassidy.