President Barack Obama touched on the oil and gas industry in his State of the Union. Some of these initiatives may benefit Louisiana’s economy.
First, the President suggested loosening regulation. “My administration will keep cutting red tape and speeding up new oil and gas permits,” Obama said. “That’s got to be a part of an all-of-the-above plan.”
Patent production isn’t growing as quickly in Baton Rouge as in other metro areas, according to a new national study.
The Brookings Institution ranks Baton Rouge 141st out of over 350 metro areas for patent production. The capitol city averaged 71 new patents yearly between 2007 and 2011. But it is on the bottom of the list for patent growth.
High patent production typically coincides with low unemployment. And patent growth can indicate coming industry expansion.