Lafayette continues to gain recognition for our thriving community. This information and rankings for previous years can be found at the Lafayette Economic Development Authority website.
Job Growth Leader - Lafayette was recognized as the 5th best city for job growth in the U.S. in the current issue of Business Facilities magazine. Source: Business Facilities July/August 2015
Foreign Direct Investment - FDI Magazine, a London-based publication, ranked Lafayette 2nd for Foreign Direct Investment Strategy for small cities with populations between 100 and 350 thousand in their American Cities of the Future rankings. Source: FDI Magazine April 2015
Top 10 in the South - Southern Business and Development recognized Lafayette in its annual Top 10 issue as a sizzling mid-market economy. The announcement of 1,000 technology jobs in 2014 further strengthens Lafayette’s economic diversification which has been driven by the healthcare, energy and entertainment sectors. Source: SB&D Winter 2015
Retail Sales Record-Breaker - With sales of more than $669 million in December, 2014 total retail sales reached $6.02 billion- the highest year on record. Through December, Lafayette Parish had 10 $500-million-plus months, up from five in 2013. Sales in nine of the 11 months reported are the highest on record for the month. The previous retail sales record was set in 2013 when sales topped $6.0 billion. Source: LPSS, February 2015
Best Performing Cities - For the sixth time in seven years, the Lafayette MSA is ranked in the top 25 metro areas in the Best Performing Cities Index . Lafayette gained five spots, coming in at 19 out of the 200 largest metros. Editors note that Lafayette has benefited from a strong energy sector. Recent announcements by Bell Helicopter, CGI, Perficient and Enquero point to the region's diversification efforts. Source: Milken Institute, January 2015
Fastest Internet - Lafayette was named as having the fastest home Internet in the world, according to Open Technology Institute’s report, “2014 Speed Leaders for Home Broadband .” LUS Fiber’s Gig connection, with equal upload and download speeds, puts the Hub City on par with world cities like Seoul, Tokyo and Hong Kong. Lafayette is tied for first place for fastest Internet with only six other cities from around the world and only three cities in North America – Chattanooga, TN, Kansas City, KS and Kansas City, MO.
Happiest City - Lafayette residents are the happiest in the U.S. according to a study published by the National Bureau of Economic Research. Researchers measured life satisfaction of each city’s residents based on data collected from a Centers for Disease Control and Prevention survey, and ranked the cities after adjusting the results for income, age, race, sex and other research-backed factors that influence happiness levels. Source: National Bureau of Economic Research, July 2014
Industrial Boomtown - Lafayette ranks as the eighth best manufacturing city in the U.S. in an analysis completed by New Geography. Lafayette moved up 14 spots from its 2013 rank. Lafayette is also the number one mid-sized metro area in the nation, up two spots from 2013. Local manufacturing employment grew 7.4% between 2012 and 2013. Source: Forbes, June 2014
Leading Locations - Lafayette was ranked as the fifth best mid-sized city and the seventh best Southern city in Area Development's 2014 Leading Locations list for economic and job growth. Overall, Lafayette ranked 17th among the 379 metropolitan areas surveyed for the list. The rankings are based on 21 economic and workforce indicators. Source: Area Development, May 2014
Best Cities for Jobs - Lafayette ranked as the 27th overall city in the 2014 Best Cities for Jobs list. Lafayette ranked fifth in mid-sized communities, those with 150,000 to 450,000 non-farm jobs, up one spot from 2013. Job growth in Lafayette between 2008 and 2013 was 5.9%. The index is calculated from recent growth trends, short-term growth, mid-term growth, and long-term momentum. Source: Forbes, April 2014
Top 10 in the South - Lafayette was named one of the top 10 shining examples of economic development in the South by Southern Business and Development. New business announcements from Freeport McMoRan Oil and Gas, Newpark Resources and Bell Helicopter illustrate the community-wide economic development approach that is in place in Lafayette. Source: SB&D Winter 2014
Retail Sales Record-Breaker - With sales of more than $596 million in December, 2013 total retail sales reached $6.02 billion — the highest year on record. Miscellaneous (+16.2%), services (+10.8%) and autos (+8.2%) were the best performing categories in 2013. All other categories showed increases, ranging from 4.9% to 2.1%. The previous retail sales record was set in 2012 when sales topped $5.7 billion. Source: LPSS, February 2014