THE BOSSIER MEANS BUSINESS BLOG
Film Prize Foundation lands $203k grant from LED
Article from BIZ Magazine | July 14 An organization that promotes education, workforce development, film festivals and mentorship programs for Louisiana filmmakers of all ages is the latest recipient of a grant from Louisiana’s new Entertainment Development Fund. The...
Market’s response to pandemic spurs economic growth and investment
Shreveport will be the home of Amazon’s first robotics distribution center in the state. Companies such as Amazon lend a great example of a response to a market shift brought on by the pandemic. Increased ecommerce activity has caused retailers alike to turn to the use of robotic logistic technology in order to meet consumer demand. With no slowdown in sight, total ecommerce sales from 2018 are anticipated to increase 70 percent by 2022, according to research from eMarketer.
Implementation of robotic and AI technology in these state-of-the-art distribution facilities help to provide many benefits within the transportation and warehouse sector. Among increased productivity and efficiency of warehouse workers, the technology used for automation helps to offer safer working conditions for employees by reducing the strain of workforce ergonomics while allowing for increased social distancing.
GREATER BOSSIER ECONOMIC DEVELOPMENT FOUNDATION (GBEDF) CONFIRMS NEW EXECUTIVE BOARD LEADERSHIP, NAMES ONE NEW MEMBER TO THE 2021 BOARD OF DIRECTORS BOSSIER CITY, LA – The Greater Bossier Economic Development Foundation (GBEDF) announced today that it has confirmed...
Priorities for local economic development success
The future success and development of Bossier and northwest Louisiana centers around key, specific priorities which will help to stimulate growth. Together, we look to the future with a greater focus on the following priorities which are critical to enhancing and forwarding our economic development agenda:
The next new normal
The lasting impacts of the pandemic will bring on a new normal for many industries as we continue to pivot our way out of the greatest disruption observed in modern times.
Buy Bossier: It’s important to keep it local, now more than ever
The original campaign is meant to deter retail leakage due to the more increasingly popular trend of purchasing goods and services online through companies outside of the area. With the negative effects of the current pandemic still lingering and restrictions still in place, it is more important than ever to support local businesses. Many business owners had to quickly pivot operations and work harder to support locals during the phased shut downs and have suffered through unforeseen circumstances.
Economic Insight from the Dallas Federal Reserve
The GBEDF is thankful to its partners and for the opportunity to host the Dallas Federal Reserve in the region. It is important that northwest Louisiana is both represented and engaged in open dialogue of monetary policy discussion. Our region is home to critical industries which help to sustain not only the local economy but also contributes to the wider health of the U.S. economy. Opportunities such as these allow us to better understand and discover new ways in which our local industries can contribute on the global scale.
COVID effects on consumer confidence, behavior and what’s in store
According to a consumer sentiment survey conducted by McKinsey and Company, 68 percent of Americans are not engaging in out of home activity and are waiting to see what is in store for public safety as restrictions are lifted. This sentiment could last more than six months as more Americans are getting comfortable with what some experts are calling “homebody economics”. This is leading to more home-based purchases such as home office furniture and home exercise equipment.
Disruptions can be a good reminder of the region’s assets
Despite the necessary ‘distancing’ mandate by the Governor, these times have united the region more than divided. I am proud to both witness and be reminded of our strength when we work together. It is extraordinary to see partnerships formed amid a crisis. They are formed not for profit, but with the calling to support those in need while deploying the region’s greatest assets.
“Buy Bossier” campaign highlights local retail sector impact, encourages shoppers to buy local
The Greater Bossier Economic Development Foundation (GBEDF) is launching a campaign this holiday season in order to educate the public on the impact of the local retail sector. "Buy Bossier" will encourage shoppers to purchase local, specifically in Bossier Parish,...