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What are the main economic challenges affecting Louisiana businesses? How do we retain talent in Baton Rouge? How can Louisiana lawmakers create better policies that support local businesses and our natural resources?
Will Green, president and CEO of the Louisiana Association of Business and Industry and Trey Godfrey, senior vice president of policy for the Baton Rouge Area Chamber joined Business Report‘s “Strictly Business” webcast on Wednesday to discuss the current business climate in Louisiana, local workforce development initiatives and the recent legislative session.
In case you missed it, here’s a brief rundown from the conversation:
What are the major economic challenges affecting Louisiana businesses?
High insurance costs (especially auto and property), talent retention and an unpredictable tax climate.
What are the top challenges for businesses in Baton Rouge?
Education and workforce development, a stable tax environment and public safety. Businesses desire predictability, transparency and improved infrastructure including criminal justice reform.
What needs to happen to create a better business climate in Louisiana?
In order to improve Louisiana’s economic competitiveness, it requires coupling natural resources with better policies on education, taxes and infrastructure to retain talent and attract businesses.
What initiatives and programs need to be put into place for a better local economy?
Reentry programs for ex-offenders can help build a more resilient workforce. More efforts should be made to improve workforce skills, make child care more affordable and reduce bureaucratic challenges to create a business friendly environment capable of competing with neighboring states.
