The city of Broussard is hoping its designation as a development-ready city and the upcoming arrival of the SafeSource Direct locations will help diversify its economy.
City officials along with the Broussard Chamber of Commerce marked the designation as a Louisiana Development Ready Community, the first municipality in Lafayette Parish to earn the certification, from the Louisiana Office of Economic Development during a Monday luncheon.
The designation, much like LED's certified sites program, labels the city as development ready from the state's perspective. It comes just after the SafeSource Direct announcement, which will house one of its two buildings on a site that earned development-ready status from LED.
In Broussard, historically a home to oil and gas companies, the moves will help the city diversify and overcome jobs losses and a sluggish economy of late.
Retail sales in the city over the last two years have been the flattest among the six municipalities in Lafayette Parish, data from the Lafayette Economic Development Authority shows. Between April 2021 and April 2019, sales have grown just under 10% when every other municipality has had double-digit growth.
"There has been job loss in Broussard, and it has affected our economy," Mayor Ray Bourque said. "The oil field has been wonderful to Broussard over the years, and we support it completely. But having a more diversified economy is an important step to help us protect our economy for the city and protect jobs that will be here for our residents."
The designation puts Broussard among 46 others cities and towns in Louisiana — including Crowley, Eunice, St. Martinville and New Iberia — that have completed the intense certification process, LED officials said. It goes along with the estimated 125 certified sites in Louisiana that are also ready for industrial development.
The last five major economic announcements have come on sites that were certified, LED secretary Don Pierson said.
"There's a lot of struggles across America in smaller communities, in rural communities today," Pierson said. "There's a big pull in larger, urban areas. The things that rural communities are going to struggle with are their economy. They've got to be supported."
The committee of city, chamber and members of the Broussard Economic Development Corporation began working on the certification earlier this year. The city, chamber director Stacy Romero noted, now has a strategic community and economic development plan, which will enable it to be "open for business."
The city of Broussard has historically been proactive on its economy, said LEDA president and CEO Gregg Gothreaux. Back in 1987 it had the first Business Appreciation Day in the state. The city has since established a chamber of commerce and economic development board to assist in business recruitment.
"It takes working together to move a community forward," said Stacey Neal, LED's director of community competitiveness. "The City of Broussard is proactively making improvements to the community to better the quality of life for its residents."
The certification will benefit all of Lafayette Parish, Bourque noted, just as the SafeSource Direct development will when it opens next year. The joint project between Ochsner Health and an Alabama development company will manufacture personal protective equipment employ 1,221.
"It's an incredible win for the city," Bourque said. "We've been doing everything we can to foster that growth here. That building is near completion. To have that amount of jobs, it's going to be a draw for the entire region. A success for Broussard is a success for the entire region."
- Vietnam ready to welcome new investment shifted from China
- Special report: an outsider’s guide to the City of London
- Coronavirus live updates: California close to reporting more cases than any state in U.S.
- d’Edge Thao Dien introduces state-of-the-art amenities to home buyers
- Hanoi capital moves to reboot economy post COVID-19
- North Carolina city turns to reparations to heal 'a community breakdown'
- Coronavirus live updates: State budget cuts threaten drinking water
- Mayor Lee defends efforts to improve city’s economy
- Where is the world's most stressful city?
- City pushes back against new critics of Warriors arena
- 'Welcome to Fear City' – the inside story of New York's civil war, 40 years on
- Diversified efforts are helping bring more Shanxi farmers out of poverty
- Coronavirus live updates: Releases drop state prison population below 100,000
- Bac Giang earns US$300 million from lychee this year
- Reforms to fuel speedy growth of State firms
- Circular economy central to COVID-19 recovery and long-term growth across ASEAN
- State of the union 2013: Obama pledges new deal for US middle class
- Extra unemployment aid expires as virus threatens new states
- 5 things to know for July 27: Coronavirus, protests, stimulus, economy, Poland
- Matt Hancock SHUTS shops and schools in Leicester, recommends AGAINST travel to and from the city and halts easing of restrictions in first 'whack-a-mole' local lockdown, after surge in coronavirus sees 10% of UK's new cases recorded there
Broussard earns development-ready certification from state as city moves to diversify its economy have 833 words, post on www.theadvocate.com at June 22, 2021. This is cached page on Europe Breaking News. If you want remove this page, please contact us.