Lafayette is not just called the “Hub City” for its culture. The business arena has diversified from its history in oil and gas to include information technology, manufacturing, finance, construction, retail trade, transportation, distribution, medical and healthcare. From major corporations to small businesses, Lafayette and the Acadiana region have great representation in all areas of industry. Acadiana’s top 10 businesses bring in almost $1 billion annually, while oil and gas is still a major player in the industry. Acadiana is known for its entrepreneurial spirit, and new businesses are popping up and succeeding every day.
Recent Accolades from Lafayette.org
Top Job Market - Lafayette was named one of 25 counties in the nation that make it easier to find work and a great place to live. In a listing called “Where the Jobs Are,” CNN points out that Lafayette’s access to interstates, oil and gas industry anchor and manufacturing, retail, medical, and technology services contribute to its success. Source: CNN Money, August 2012
Fastest Growing Metros – According to a study by IHS Global, in 2012 Lafayette is projected to have the highest growth in employment (8.8 percent) and the second-highest gross metropolitan product growth (7.5 percent) of 363 metro areas. Source: IHS Global, July 2012
Best Places for Business and Careers – Lafayette’s cost of doing business ranks 53rd lowest and Lafayette ranks 10th for five-year annualized job growth among the largest 200 US metro areas. Source: Forbes Magazine, June 2012
Leading Location – Lafayette was named #1 among the Top 20 Southern Cities and #3 overall among Area Development’s 100 Leading Locations. Lafayette topped the “Economic Strength” indicators among the Top-25 Mid-Size Cities, and was third among this same group for its “Recession Busting” factors. Lafayette reportedly has “found a way to thrive in the midst of adversity, to prosper while so many places have struggled.” Source: Area Development, Summer 2012
Best City for Job Growth – Lafayette was ranked #1 in the “Best Cities for Job Growth” listing among other medium-sized cities and fourth in the overall rank. The index is calculated based on Bureau of Labor Statistics employment data and takes into account recent growth trend, mid-term growth, long-term trend and momentum, and current year growth. Source: New Geography, May 2012
Best Mid-Sized Cities for Jobs – Lafayette is ranked as the best mid-sized metro area for jobs citing year-on-year job growth of 5.2 percent over the past 12 years. Rankings are based on recent growth trends, mid-term growth, region’s growth and the region’s momentum. Lafayette also ranked fourth among cities of all size in this listing. Source: Forbes Magazine, May 2012
Best Music Festival – Festival International de Louisiane is the largest free Francophone music-focused festival in North America, and is, simply put, one of the best festivals in the world. Taking place over the course of five days in downtown Lafayette, Louisiana during the last full week of April each year, Festival (as it is succinctly known among its legions of fans) attracts attendees in the hundreds of thousands, but still has a rootsy, intimate feel. According to World Music’s recent Readers’ Choice contest, it’s also the Best World Music Festival. Source, About.com, March 2012
Tastiest Town – In early 2012, Southern Living asked readers to vote for the best food destinations in the South. With an astounding 194,502 votes Lafayette took the prize. According to the magazine, “a new batch of homegrown chefs is delving deep into the region’s robust culinary roots, with stellar takes on Acadiana classics.” Lafayette’s own Deano’s exemplified this success with a mention as one of America’s Best Pizzerias! Source: Southern Living & Parade, March 2012
Most Optimistic City – According to a recent GALLUP Wellbeing poll, Lafayette residents are the 2nd most optimistic about our city “getting better as a place to live.” Across 190 US Metro areas, Lafayette garnered the second-best ranking with 75.8 percent of respondents replying with positively. Source: GALLUP, March 2012
Most Increasing Household Income – According to a study released by Sentier Research, the Lafayette MSA saw the largest increase of all 297 metropolitan areas, 12.2 percent, in median annual household income between 2005 and 2010- $42,067 to $47,200. In the same time frame, the average annual income increased 6.8% - $60,690 to $64,794 - which ranks fifth out of the 297 metropolitan areas. The study is based on data collected in the American Community Survey (ACS) conducted by the U.S. Census Bureau. Sentier Research utilized the three-year estimates for 2005-2007 and 2008-2010. Source: Sentier Research, February 2012
Lafayette Economic Development Authority, created by the state legislature, exists to facilitate economic growth in Lafayette Parish. LEDA and its board of 12 commissioners work together with a full-time staff to provide answers, information and assistance to businesses. LEDA’s mission is to help local companies grow, in addition to market development and workforce development. The organization also works to recruit companies to the area and assists in the development of new companies in order to diversify the economy within Lafayette Parish. For more information on LEDA, call 337.593.1400 or visit www.lafayette.org. Also on hand to assist businesses in Lafayette is the Small Business Development Center at the University of Louisiana at Lafayette. The SBDC provides counseling, seminars and resource information to small businesses. For more information on the SBDC, call 337.262.5344 or visit louisiana.edu/Research/SBDC.
Giving back to the community is an act of kindness with no instant guarantees, but a giving spirit always rewards a guarantee in some form or other. While Lafayette is large enough to provide all the cultural, recreational and economic opportunities that any resident or visitor can want, it is still a city with a small-town heart. The compassion and leadership in Lafayette is evident in its many service organizations. One of the best assets of Lafayette is its residents’ ability to volunteer and help out one another.
Member NonProfit Organizations
A Pregnancy Center and Clinic
Acadiana Affiliate of Susan G. Komen for the Cure
Acadiana Center for the Arts
Acadiana Society of Human Resource Management
Acadiana Youth Inc.
Affiliated Blind of Louisiana
American Cancer Society
American Red Cross
Arc of Iberia- Lafayette Division
Big Brothers Big Sisters of Acadiana
Boys and Girls Clubs of Acadiana
Coastal Vision Foundation
Community Foundation of Acadiana
The Crouch Foundation
ECGC Women’s Business Center
Evangeline Area Council, Boy Scouts of America
Families Helping Families of Acadiana
Family Violence Intervention Program (FVIP)
Girl Scouts of Louisiana Pines to the Gulf
Gulf Coast Social Services
Hearts of Hope
HomeCare Association of Louisiana
Junior Achievement of Acadiana
Junior League of Lafayette, Inc.
Krewe of Acadiana, Inc.
Lafayette Bar Association
Lafayette Education Foundation
Lafayette Public Library Foundation
Louisiana Cultural Economy Foundation (LCEF)
March of Dimes-Acadiana Division
Miles Perret Cancer Services
Muscular Dystrophy Association
Optimist Club of Lafayette
Smile Community Action Agency
Southwest Louisiana AHEC
Southwest Louisiana Education and Referral Center Inc.
Southwest Louisiana Independence Center Inc.
Teche-Vermilion Fresh Water District
The ALS Association Louisiana-Mississippi Chapter 225.343.9880 alsalams.org
UL Lafayette Alumni Association
UL Lafayette Foundation
United Way of Acadiana Inc.
Upper Lafayette Economic Development Foundation
Volunteers of America Greater Baton Rouge- Acadiana Programs
Woman’s Foundation Inc.
Lofton Staffing Services
Lafayette Regional Airport
Keller Williams Realty Acadiana
Our Lady of Lourdes Regional Medical Center