Business briefs for August 19, 2008
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Retail spending rises 5% in EBR
Retail spending in East Baton Rouge Parish rose 5 percent to $673.9 million in June compared with the same month a year before.
Spending inside the city limits once again dipped lower — down 4 percent to $382.3 million — and spending in the outlying areas surged — up 20 percent to $290.1 million.
For the first half of the year, retail spending is up 4 percent to $3.82 billion in the parish but down 4 percent in the city and up 12 percent outside the city limits.
The figures, released by the city-parish Finance Department, do not contain vehicle sales.
Group corrects BR housing price data
A national group said Monday it will defer to the Greater Baton Rouge Association of Realtors’ second-quarter median home price data. The local group says the figure rose to $176,000 from $174,700 in the year-ago period. The National Association of Realtors initially reported last week the figure had fallen to $164,000.
NAR spokesman Walter Maloney on Monday blamed the mistake on a data transmission error and said the group’s next quarterly report will be corrected to reflect the $176,000 figure.
Shipbuilders say workers needed
Shipbuilders in Louisiana, Mississippi and Alabama have created a group to spur more interest in an industry they say is thousands of jobs short of its needed employment.
Dennis Fanguy, vice president of Bollinger Shipyards, said the industry has immediate openings for 4,000 skilled positions across the region. Fanguy also serves as chairman of the new group, Gulf States Shipbuilders Consortium.
Retail spending in East Baton Rouge Parish rose 5 percent to $673.9 million in June compared with the same month a year before.
Spending inside the city limits once again dipped lower — down 4 percent to $382.3 million — and spending in the outlying areas surged — up 20 percent to $290.1 million.
For the first half of the year, retail spending is up 4 percent to $3.82 billion in the parish but down 4 percent in the city and up 12 percent outside the city limits.
The figures, released by the city-parish Finance Department, do not contain vehicle sales.
Group corrects BR housing price data
A national group said Monday it will defer to the Greater Baton Rouge Association of Realtors’ second-quarter median home price data. The local group says the figure rose to $176,000 from $174,700 in the year-ago period. The National Association of Realtors initially reported last week the figure had fallen to $164,000.
NAR spokesman Walter Maloney on Monday blamed the mistake on a data transmission error and said the group’s next quarterly report will be corrected to reflect the $176,000 figure.
Shipbuilders say workers needed
Shipbuilders in Louisiana, Mississippi and Alabama have created a group to spur more interest in an industry they say is thousands of jobs short of its needed employment.
Dennis Fanguy, vice president of Bollinger Shipyards, said the industry has immediate openings for 4,000 skilled positions across the region. Fanguy also serves as chairman of the new group, Gulf States Shipbuilders Consortium.
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