The former General Motors plant in Shreveport has officially changed hands. GM’s lease is up and the court-appointed RACER Trust will now maintain the property. The Trust took title last year as part of the GM settlement agreement. Redevelopment manager Bruce Rasher says marketing efforts will be stepped up since the plant’s 3.1-million square feet are now vacant. Rasher says he’s optimistic that he’ll find a buyer, and he’s following up on promising leads alongside state and local economic developers.
Bankrupt Hostess Brands is preparing to lay off its workforce of 18,500 employees. In Louisiana, 420 workers are looking toward their next move. The Louisiana Workforce Commission held a series of orientation sessions for the 200 Alexandria-area Hostess employees this week. Rapid Response manager Greg Anders said turnout was much higher than usual.
"We contribute it to the high visibility of the layoff, specifically the national media attention surrounding the layoffs at Hostess Brands," Anders said.
CoHabitat Foundation aims to remodel a former restaurant location in Shreveport's Red River District.
Credit CoHabitat Foundation
A co-working nonprofit organization in downtown Shreveport has received a $50,000 grant to help it relocate and become a permanent option for small business owners who wish to work in a shared space. CoHabitat Foundation executive director John Grindley said his lease is up in March 2013. He’s working to close a deal with the city to move CoHab and its 50 member businesses into a defunct restaurant in the Red River District.
“We need to work somewhere downtown that doesn’t force us to raise our member rates,” Grindley said. “We’re looking for a permanent home now.”
The North Louisiana Economic Partnership presented an update on business activity in its 14-parish region to a group gathered Thursday at Cohab in downtown Shreveport.
Credit North Louisiana Economic Partnership
The North Louisiana Economic Development Partnership presented an optimistic view of job growth across its 14-parish region, during an event at Cohab in downtown Shreveport. NLEP's vice president of business development Liz Pierre told local businesspeople that she's tracking 67 active leads, largely in the manufacturing sector. The non-profit business development firm has offices in Shreveport and Monroe.
Neches Pines Golf Course in Diboll, Texas, is set to undergo a major renovation. The public golf course was the vision of the late forest products executive and philanthropist Arthur Temple. A $1 million grant from the T.L.L. Temple Foundation will help overhaul the golf course that dates back to the late '60s.