Building Permits Lead St. Tammany Growth In First Quarter 2015

MANDEVILLE, LA – The St. Tammany Economic Development Foundation (STEDF) has released its first quarter reports on St. Tammany economic trends and parish growth. Building permits saw the highest increases, with 52.2 percent more residential permits issued than in the last quarter and 68.8 percent more commercial permits issued than in the corresponding quarter last year.

         “Increases in property, construction and real estate factors typically indicate a rise in the overall wealth of parish residents and of the business community,” said Brenda Bertus, CEO of STEDF. “And as I’d expect in these conditions, the number of new business incorporations has risen nearly 20 percent from last quarter.”

         Though the number of houses sold fell slightly from the previous quarter, 20.9 percent more houses were sold than in the corresponding period last year. Overall growth of the parish economy increased by 5.8 percent from the corresponding period last year.

- Sponsors -

         The Economic Trends report discusses employment, sales tax collections and housing trends as well as other factors that contribute to the state of the local economy. The Parish Growth report measures overall parish growth, combining economic factors into a unifying picture.

         STEDF leads economic development in St. Tammany Parish, attracting new businesses and employment opportunities to the area. The organization seeks to improve parish residents’ quality of life by strengthening and supporting the business climate.

 

- Partner Content -

Entergy’s Energy Smart Program Brings Cost Conscious Innovation to New Orleans

Offering comprehensive energy efficiency at no cost to the consumer, Entergy’s Energy Smart program incentivizes Entergy New Orleans customers to perform energy-saving upgrades in...

         To view the Economic Trends report

 

         To view the Parish Growth report

- Sponsors -

 

 

 

Digital Sponsors / Become a Sponsor

Follow the issues, companies and people that matter most to business in New Orleans.

Email Newsletter

Sign up for our email newsletter