Daily Dime

Louisiana is proposing to give Hyundai up to $900 million in tax-free bonds to finance its massive steel mill in Ascension Parish.

Rising health care costs, weakening tax revenue and the expiration of federal pandemic funding caused states to spend more of their own dollars on Medicaid in fiscal year 2024.

Gov. Jeff Landry is hoping a slew of megaprojects, promising hundreds of billions of dollars in new private investment, can reverse decades of economic stagnation and population outmigration in Louisiana.

The world’s richest man promised on Tuesday to invest $100 billion and create 10,000 new jobs as SpaceX announced its long-awaited plan to build a massive spaceport in Vermillion Parish.

Participation in the Supplemental Nutrition Assistance Program has dropped by more than 13% nationwide – and more than 20% in Louisiana – over the last year. It’s not because economic conditions have improved and caused fewer people to need assistance.

During the Biden administration, many political and business leaders saw the impact that offshore wind projects along Louisiana’s Gulf Coast would have on job creation and the broader state economy.

Louisiana’s population, which is aging faster than the national average, and recent tax decisions are creating a huge financial cliff for the state.

The share of Louisianans who buy health insurance through the Affordable Care Act Marketplace has decreased by 26% over the last year, one of the largest declines in the nation.

New Orleans has lost more jobs than any other large metropolitan area in the nation since 2000, according to a new report from The Data Center.