Better Business Bureau November 8, 2012
Acadiana: A Great Place for Business
Good News The jobs are here.
Good News The economy is growing.
Good News We’re leading the way.
Good News Our income has increased.
Good News We love a good meal.
Good News We’re excited about the future.
Retail Sales
Source: Lafayette Parish School System
$5.9 billion forecasted
for 2012
Unemployment
Source: Louisiana Workforce Commission
7.6%
4.0%
6.3%
5.4%
Gross Domestic Product
Source: Bureau of Economic Analysis
12% growth
09 to 10
How do we stack up?
Houston $44,001
New Orleans $42,485
Dallas $41,282
Lafayette $41,129
Austin $38,736
Little Rock $37,512
Atlanta $38,321
Baton Rouge $37,254
Shreveport $36,871
Jackson $36,720
Mobile $31,583
Source: Bureau of Economic Analysis, Regional Data-Metropolitan Statistical Area Per Capita Personal Income, 2010
Good News Benchmark Peers Indicators What’s Next Contact Vitality
Census Population Population Growth Current Population Projected Population Growth Gross Domestic Product (GDP) GDP Per Capita 3-Year Real GDP Growth 3-Year Job Growth
Per Capita Income 3-Year Per Capita Income Growth Airport Passengers Airport Cargo Exports
Source: Bureau of Economic Analysis, Regional Data-Metropolitan Statistical Area Per Capita Personal Income, 2010
Lafayette $41,129
Source: Bureau of Economic Analysis, Regional Data-Metropolitan Statistical Area Per Capita Personal Income, 2010
Good News Benchmark Peers Indicators What’s Next Contact Labor Force
Labor Force
Unemployment Rate
Bachelor's Degree
Graduate or Professional Degree
Wealth-Creating Industries
International Talent
Unionization Rate
Average Work Commute Time
Lafayette 23.7%
Houston 20.0%
Baton Rouge 19.5%
Mobile 16.9%
Shreveport 15.2%
New Orleans 14.6%
Austin 13.8%
Atlanta 13.8%
Little Rock 13.0%
Jackson 12.7%
Dallas 11.6%
Source: Bureau of Labor Statistics, State and Metro Area Current Employment Statistics, Not Seasonally Adjusted May 2012 for Selected Industries
Lafayette 23.7%
Baton Rouge 84.5
Lafayette 84.7
New Orleans 86.0
Houston 89.8
Atlanta 94.3
Shreveport 94.3
Austin 97.7
Mobile 100.7
Little Rock 106.2
Dallas 109.1
Jackson 121.5
Source: Bureau of Economic Analysis, Regional Data-Metropolitan Statistical Area Per Capita Personal Income, 2010
Good News Benchmark Peers Indicators What’s Next Contact Affordability
Overall Cost of Living Index
Grocery Index
Transportation Index
Utilities Index
Health Care Index
Miscellaneous Index
Apartment Rent/Month
Single Family Home Price
Class A Office Space
Electric Commercial Rate
Source: Various, available upon request
Lafayette 84.7
Little Rock $594
Lafayette $602
Mobile $612
Baton Rouge $794
Shreveport $910
Jackson $990
New Orleans $1,086
Atlanta $1,329
Houston $1,421
Dallas $1,564
Austin $1,840
Source: Bureau of Economic Analysis, Regional Data-Metropolitan Statistical Area Per Capita Personal Income, 2010
Good News Benchmark Peers Indicators What’s Next Contact Tax Climate
State Individual Income Tax
State Corporate Income Tax
State Gasoline Tax
State Unemployment Insurance Tax
Sales Tax
Property Tax
Source: Various, available upon request
Lafayette $602
Source: Bureau of Economic Analysis, Regional Data-Metropolitan Statistical Area Per Capita Personal Income, 2010
Good News Benchmark Peers Indicators What’s Next Contact Innovation
Patents
Internet Connectivity
Entrepreneurship
Young Professionals
Creative Professionals
Small Businesses
Austin 7.1%
Houston 7.0%
Lafayette 6.8%
Dallas 6.3%
New Orleans 5.7%
Atlanta 5.7%
Jackson 5.6%
Shreveport 5.4%
Baton Rouge 4.9%
Little Rock 4.5%
Mobile 4.0%
Source: US Census Bureau, American FactFinder, 2010 ACS 1-Year Estimates
Lafayette 6.8%
Source: Bureau of Economic Analysis, Regional Data-Metropolitan Statistical Area Per Capita Personal Income, 2010
Good News Benchmark Peers Indicators What’s Next Contact Innovation
Patents
Internet Connectivity
Entrepreneurship
Young Professionals
Creative Professionals
Small Businesses
Lafayette 27.2
Little Rock 21.6
New Orleans 21.2
Atlanta 21.1
Austin 20.5
Jackson 20.3
Shreveport 19.4
Baton Rouge 18.6
Dallas 18.5
Mobile 17.9
Houston 17.4
Source: U.S. Census Bureau, County Business Patterns, 2010 Metropolitan Statistical Areas
Lafayette 27.2
Source: LEDA
How’s the local economy? Economic Performance Index
100
105
110
115
120
125
2006 2007 2008 2009 2010 2011
Economic Performance Index
12-Month Moving Average
119 122
103
Source: LEDA, Q2 2012
Wildcatter mentality
Creative culture
Entrepreneurial thinking
Leadership
Congratulations!
What makes Acadiana special?
Learn more about Lafayette, LA and LEDA: www.lafayette.org
www.facebook.com/lafayettela Twitter: @LEDALafayetteLA
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