Lafayette parish continues to be a magnet when it comes to businesses setting up shop. Just to name a few, stores like J. Crew, Oshkosh B'gosh, Chipotle, and Whole Foods are set to open by early fall.
The increase of major retailers locating here is a sign of our robust economy. Gregg Gothreaux, president and CEO of Lafayette Economic Development Authority (LEDA), says the national unemployment rate is 6.8% , the state's is 4.5% and Lafayette parish coming in at 3.3%. With more high-end, major retailers setting up shop here, some worry it may hurt small businesses.
Gregg Gothreaux said while competition is the American way, the mom and pop stores need to find their niche because big companies cannot satisfy every need. Gothreaux goes on to say Lafayette parish has an average per capita income of fifty three thousand dollars for every man, woman and child.
That is in the top nine percent of all counties in the United States.