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.

Challenges affecting business retention today

Addressing what factors are driving existing industry’s decision-making processes could not come at a more relevant time. As economic developers are accountable to many stakeholders, existing industry remains a primary focus for stewarding economic development activity. Nearly 80% of a community’s ability to foster economic success comes from existing business and industry. Paying close attention to what’s going on in our backyard is critical for the region’s success.

Shreveport, GBEDF produce videos to showcase the local market for job recruitment (By Sean Green from BIZ. Magazine, December 2, 2016)

The GBEDF has prioritized positioning the region to support economic advancements, which led to the investments in Bossier’s digital presence.

“A community’s digital presence is now often its first impression; a one-time opportunity to offer a virtual handshake. We believe our focus on a digital presence will help to creatively communicate the area’s accolades and unique culture,” said GBEDF Executive Director Rocky Rockett.