Regions of the state long known for their economic stagnation—or sluggish growth at best—are now experiencing an unprecedented surge in just about everything. All four of the state’s AI data center projects — Meta, Amazon, Delta Forge 1 and Hut 8 — are under construction simultaneously, collectively representing more than $81.6 billion in investment, reports 10/12 Industry Report in its latest issue.
Sales tax revenue numbers are among the first to tell the tale, with percentage increases in some cities and parishes reaching triple digits in year-over-year comparisons. Property values and tax revenues are expected to follow suit, along with corresponding increases in housing demand, hotel occupancies, retail revenues and a host of other data sets.
Most of the current work is taking place in the northern half of the state. Read more from 10/12 Industry Report.
