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Loren C Scott News

27 Sep 2001

Oil and Gas Job Growth in 2002-2003 to Bolster Louisiana Economy, Researchers Report At Hibernia

Oil-patch industries, shipbuilding and, to a lesser extent, business services, hotels and gaming will lead Louisiana's employment growth in 2002-2003, according to a report by Louisiana State University (LSU) economists and sponsored by Hibernia National Bank (NYSE:HIB). The researchers released their findings today at the fifth annual Hibernia Economic Outlook Conference at the Hibernia Tower. However, the researchers caution that it is difficult to determine the impact of the Sept. 11 tragedy on consumers and businesses. "It's still much too early to get an accurate reading of the impact on the national and local economies due to these events," said Loren C. Scott, one of the LSU economists who compiled the report.

10 Oct 2006

Report: Gulf Coast Economic Recovery Remains Mixed

Employment statistics, sales tax collections, large construction projects and other key economic indicators point to an accelerating recovery in many Gulf Coast communities damaged by hurricanes Katrina and Rita in 2005. Economic growth driven by construction and manufacturing in Pascagoula, Miss., and Lake Charles, La., parallels the aggressive recovery patterns that most regions encounter following a major natural disaster. Yet despite these improvements, the economic impact of Hurricanes Katrina and Rita continued to negatively affect key cities in the Gulf Coast region through the second quarter of 2006. Floodwaters from Hurricane Katrina…