Hospitals report economic impact
Louisiana hospitals generate more than $31.6 billion annually in economic activity statewide, a report commissioned by the Louisiana Hospital Association says.
The report by James A. Richardson, alumni professor of economics at LSU, provides an analysis of the economic impact of the hospital industry on the Louisiana economy and regions within the state.
“Louisiana hospitals not only play a critical role in supporting the health of our residents, but also in fostering a vibrant economy,” Richardson said.
According to the report, the health care sector in Louisiana employs 298,945 people with an annual payroll of more than $12.9 billion. Hospitals directly employ more than 104,000 people with an annual payroll of almost $5.6 billion.
“This economic ripple effect has helped protect large and small communities in every region of our state,” said Paul A. Salles, president and CEO of the Louisiana Hospital Association.
The daily operations and one-time capital expenditures of Louisiana hospitals led to the creation and support of jobs in hospitals and other sectors, including personal and business services, financial services, retail and wholesale trade, transportation and utilities, Richardson said.
In each region, this translates to 71,250 workers in New Orleans; 32,335 in Lafayette; 30,711 on the north shore; 29,854 in Baton Rouge; 28,803 in Shreveport; 21,694 in Alexandria; 16,129 in Monroe; 12,844 in Lake Charles; and 10,489 in Houma-Thibodaux.
The report said the overall economic impact of hospitals’ daily operations and one-time capital expenditures generated $1.7 billion in state and local tax collections. Hospitals also contributed more than $560 million in direct financial support to the Louisiana Medicaid program. Through this support, the state was able to draw down about $1.3 billion in additional federal funding.
Economic summit agenda announced
The Baton Rouge Area Chamber announced the agenda for the Statewide Economic Development Summit being held Feb. 27 at L'Auberge Casino Hotel in Baton Rouge.
Presentations from national and local speakers will spotlight best practices and big ideas for the future of economic development, with keynote presentations on leadership to reinvent transportation and infrastructure; pursuing inclusive growth in an age of disruption; and incentives, trends and realities in a new political world. The summit also will feature a business panel led by Louisiana Economic Development Secretary Don Pierson, a mayoral panel and other activities. The full agenda is at brac.org/edsummit.
Event registration is at brac.org/events at $90. Registration for a Feb. 26 networking reception is $10.
Environmental award applications sought
The Louisiana Department of Environmental Quality is accepting applications until the close of business Feb. 28 for project submissions to its 2018 Environmental Leadership Program awards.
The program is a voluntary partnership of businesses, municipalities, nongovernmental organizations, federal entities, schools, universities and community organizations. The awards recognize outstanding activities and projects from members that demonstrate environmental leadership and the pursuit of a cleaner, safer environment.
The awards ceremony is scheduled for April 10.
Projects must be submitted through a new online application form. A guidance document is provided online. Nonmembers can enroll to submit an award application.
All documents, including a member application link are available at http://deq.louisiana.gov/page/the-louisiana-environmental-leadership-program.
Business seminar planned in Amite
The Louisiana Small Business Development Center at Southeastern Louisiana University will host a free seminar in Amite on Feb. 22 titled “Clarify Your Message So Customers Will Listen: How the Power of Story Can Grow Your Business.”
The event is from 10 a.m. to noon in the meeting room of the Amite Tangipahoa Parish Library, 204 N.E. Central Ave.
Co-sponsors are the Amite Chamber of Commerce and Northshore SCORE.
Seating is only guaranteed for preregistered attendees; call (985) 549-3831 or visit lsbdc.org.
Orion expands into new facility
Orion Engineers and Constructors has relocated to 12021 Bricksome Ave. to a facility it recently purchased.
The company said strong growth and a favorable outlook prompted a planned expansion strategy earlier than expected. The expansion to the new offices, managed by David Faucheaux, will allow Orion to continue to grow, it said.
Orion provides the industrial market with engineering, construction, procurement and project management services.
Becca Barre acquires fitness franchise
Becca Barre LLC has acquired the local franchise of Pure Barre, with a Baton Rouge fitness studio at 3033 Perkins Road.
Rebecca Lemoine, a certified public accountant and founding partner of accounting firm Lemoine & McIver, is the sole owner of Becca Barre. The seller is Pure Pasion-BR 1 LLC, represented by Mary Daniel Templeton Rives. The price was not disclosed.
Lemoine said she will add new twists to Pure Barre, such as new retail options and a Back to the Barre Challenge.
Pure Barre has more than 460 studios throughout the U.S. and Canada.