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  1. Cortec launching $2.5M expansion at Port Allen facilityRead the original story

    Thursday Jul 12 | Baton Rouge Business Report

    Cortec is investing $2.5 million to expand its industrial coatings facility in Port Allen, the company and Gov. John Bel Edwards he company, which manufactures and services compact valves, chokes and other specialty equipment for the global oil and gas industry, will to add four full-time positions and use the expansion to retain its current staff of 42. Louisiana Economic Development estimates the project will result in seven new indirect jobs, for a total of 11 new jobs for West Baton Rouge Parish and the Capital Region. Throughout Louisiana, the Houma-based company currently employs about 150 people.

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  2. News roundup: Louisiana legislators come to blows at downtown bar a ...Read the original story

    May 16, 2018 | Baton Rouge Business Report

    State Rep. Stuart Bishop and state Sen. Norby Chabert got into a fist fight at the River Room on Laurel Street in Baton Rouge on Tuesday night in a dispute over legislation, reports. Bishop, R-Lafayette, said Chabert, R-Houma, "punched me several times" during the altercation.

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  3. What do high oil prices mean for Louisiana?Read the original story w/Photo

    May 1, 2018 | Baton Rouge Business Report

    The Organization of the Petroleum Exporting Countries agreed today to cut oil production by 1.2 million barrels per day. With crude oil prices rising to levels not seen in three years, local analysts say not only won't Louisiana see any short-term benefits but they also warn prices could soon drop if the market makes a correction.

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  4. Capitol Views: Following equal pay defeat, state representative promises bare-knuckles campaignRead the original story

    Apr 27, 2018 | Baton Rouge Business Report

    As a Senate committee prepared to involuntarily shelve her equal pay legislation this morning, Rep. Barbara Norton vowed to not only launch a grassroots campaign to advocate for financial equality, but also to publicly scorn lawmakers who oppose the concept in the future. In response, the House Labor and Industrial Relations Committee voted 7-4 to defer Norton's House Bill 605, matching the shared fate of other similar proposals introduced during the ongoing regular session.

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  5. '10/12 Industry Report': Adapting to survive, oil patch owners move to shaleRead the original story

    Mar 29, 2018 | Baton Rouge Business Report

    In recent years, most oil patch owners, contractors and suppliers have learned the hard way that they must either adapt to a leaner low-oil price environment or suffer the consequences. This is especially true in the world of offshore oil, as This is especially true in the world of offshore oil, where dwindling returns are sending many to the shale plays.

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  6. Capitol Views: Overhaul of hunting, fishing licenses moves to HouseRead the original story

    Mar 28, 2018 | Baton Rouge Business Report

    Legislation to increase fees on certain hunting and fishing licenses-part of a streamlining effort to cut the number of licenses to 39, from 117-has cleared its first hurdle but faces an uncertain vote on the House floor. , prior to today's hearing before the House Natural Resources Committee-forcing the outdoors crowd to take stances ranging from sympathetic-mostly-to outraged.

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  7. How many are really working in Louisiana?Read the original story

    Feb 22, 2018 | Baton Rouge Business Report

    While 108,700 people are officially unemployed in Louisiana, that figure nearly doubles when including the people who would like to work and those employed part time because of economic reasons. from the Bureau of Labor Statistics offers up several different measures of labor underutilization, aside from the traditional calculation of unemployment that is almost universally used in political and policy discussions.

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  8. Capitol Views: House to set pace this special sessionRead the original story

    Feb 19, 2018 | Baton Rouge Business Report

    While budget and tax issues will dominate the special session that convenes this afternoon, the real story resides in the Legislature's lower chamber. Due to laws requiring such legislation to start in the House, the body has traditionally been the jumping-off point for most financial policies.

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  9. Launch: Eyes on the GulfRead the original story w/Photo

    Feb 19, 2018 | Baton Rouge Business Report

    Low oil prices have dealt a brutal blow to the industry, to jobs in places like Houma, and to the capital expenditure decisions of the majors who are now largely lords of the Gulf. It's imperative that companies change business models to sustain future deepwater U.S. oil production growth, according to Ryan Malone, BP's projects general manager for the Gulf of Mexico, Delivering a keynote presentation at the 2017 Louisiana Gulf Coast Oil Exposition , Malone said that BP is operating under its belief that oil prices will remain "lower for longer," predicting that oil prices will likely trend close to $50/bbl for the foreseeable future.

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  10. They said it in 2017Read the original story w/Photo

    Jan 2, 2018 | Baton Rouge Business Report

    The "They said it" concept was created by my mentor and late business partner John Maginnis. An author and journalist, John published a subscription-based newsletter about Louisiana politics called It's a weekly collection of quotes from people who work in Louisiana politics.

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  11. Ochsner expands 'Eat Fit' program to Houma and ThibodauxRead the original story

    Jan 2, 2018 | Baton Rouge Business Report

    Restaurants in Houma and Thibodaux are joining Ochsner's Eat Fit program, creating new menu items to suit dietary needs and requirements for a healthy lifestyle. The Eat Fit Bayou is the newest addition to the program, which began in 2013.

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  12. '10/12 Industry Report': Weeks Marine finds growth,...Read the original story

    Nov 29, 2017 | Baton Rouge Business Report

    A proliferation of coastal restoration projects and a strong industrial sector has reinvigorated Weeks Marine's decades-long presence along the Gulf Coast, The company's prosperity, as of late, has been fueled increasingly by the Louisiana Coastal Protection and Restoration Authority, which promises a long-term revenue stream, as well as ongoing strength in the industrial construction market. The profusion of work has helped buoy the workforce from the state's struggling oil and gas market by providing new job opportunities for out-of-work craftsmen.

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  13. '10/12 Industry Report': Step inside the only commercial diving school between Texas and FloridaRead the original story

    Nov 28, 2017 | Baton Rouge Business Report

    Robbie Champagne is the founder of C-Dive, a Houma-based commercial diving company with 100 employees serving independent oil and gas producers in the Gulf of Mexico. When he got out of the Navy, Champagne was looking for a career, preferably one that didn't require him to sweat too much, as "I liked diving, I liked the water, and, quite simply, it was the most money I could make with the amount of education that it took," he says.

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  14. News roundup: New president named for Nicholls State University a ...Read the original story

    Nov 15, 2017 | Baton Rouge Business Report

    Jay Clune was chosen by the University of Louisiana System Board of Supervisors to become the new president of Nicholls State University on Tuesday. Clune most recently served as interim graduate dean at the University of West Florida, where he's held various administrative posts over the past 13 years.

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  15. Brown & Brown Insurance grows Louisiana footprintRead the original story

    Oct 19, 2017 | Baton Rouge Business Report

    Brown & Brown of Louisiana is expanding its footprint in the state, acquiring the assets of Houma-based insurer Lapeyre, Staples & Robichaux. Terms of the deal were not disclosed.

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  16. Officials look to diversify Houma-Thibodaux economy beyond oilRead the original story

    Sep 25, 2017 | Baton Rouge Business Report

    Efforts are underway in Terrebonne Parish to diversify the Houma-Thibodaux economy and make the area less reliant on oil and gas, The Terrebonne Economic Development Authority recently launched a five-year plan-based on a $70,000 study-that seeks to strengthen the parish's economy by diversifying from its bedrock oil industry. "As good as the oil and gas business has been we know there are boom-and-bust cycles," says Matt Rookard, TEDA's chief executive officer.

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  17. Louisiana's economy expands 1% in first quarterRead the original story

    Aug 8, 2017 | Baton Rouge Business Report

    After clawing its way out of economic downturn, Louisiana's economy grew 1% in the first quarter, The USA Today Network of Louisiana reports. The uptick is modest, but it's an improvement over the 18-month recession in which the state's economy contracted and hemorrhaged jobs.

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