Hub City economic boom - KLFY News 10

Hub City economic boom

Updated:

We have some good economic news to report for the Hub City, so far this year retail sales in Lafayette have reached around $4 billion, making it one of the best years on record.

With numbers like that it's no wonder there has been an influx of businesses locating in the Hub City. But is it too much too fast? One retailer says as long as there's constant communication between the city and the businesses, the growth should be positive.

Kiki Frayard, owner of Kiki in River Ranch, says there is a tipping point where too much can hurt an area especially if there is a duplication of services. But by bringing in more businesses people will be attracted to the area creating a shopping destination for many. Frayard says the more businesses that locate here will make other businesses, like hers, work a little harder but overall it's good for everyone.

According to recent numbers put out by Lafayette Economic Development Authority (LEDA) the average American spends 36 percent of their income on retail goods and services. In Lafayette that number is 62 percent making this area a magnet for new businesses.

 

  • Most Popular StoriesMost Popular StoriesMore>>

  • Live Doppler 10 Forecast

    Live Doppler 10 Forecast

    For the next few days and into early next week, expect a partly cloudy sky each day with a slight chance of rain.More >>
    A weak disturbance moving in from the east will provide just enough energy to spark a few stray showers again Thursday, before rain chances drop for Friday and the weekend.
    More >>
  • Family Receives New Home

    Family Receives New Home

    The new home also came with a $5,000 down payment check and it was all made possible with the help of Habitat for Humanity and former NFL player Warrick Dunn's charity.
    More >>
    The new home also came with a $5,000 down payment check and it was all made possible with the help of Habitat for Humanity and former NFL player Warrick Dunn's charity. More >>
  • In Deep Waters

    In Deep Waters

    In this's special report News 10's Renee Allen brings us the answers to questions many have. How bad is Acadiana’s drainage system?More >>
    In this's special report News 10's Renee Allen brings us the answers to questions many have. How bad is Acadiana’s drainage system?More >>
Powered by WorldNow

1808 Eraste Landry Rd, PO Box 90665,
Lafayette LA 70509

Telephone: 337.981.4823
Fax: 337.984.8323
Email: tip10@klfy.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Louisiana, Inc. A Media General Company.