Located in Lafayette Parish, Broussard, Louisiana, has experienced significant economic growth over the years. Originally settled in the late 18th century, the town has transformed from a small agricultural community into a thriving industrial and commercial center. Let’s take a closer look at the key milestones that have contributed to the economic growth of Broussard.
- Early Settlement and Agriculture:
Broussard traces its roots back to the late 1700s when Acadian settlers arrived in the region, establishing farms and cultivating the fertile lands. Agriculture, particularly sugar cane production, played a crucial role in the early economic development of the area. The region’s rich soil and favorable climate provided ideal conditions for farming which lead to sustained agricultural growth.
- Expansion of the Oil and Gas Industry:
The discovery of oil and gas reserves in the Gulf Coast region brought significant economic opportunities to Broussard. In the mid-20th century, the oil and gas industry began to thrive, attracting companies that set up operations in the area. Broussard’s proximity to major oil fields, transportation infrastructure, and skilled workforce contributed to its emergence as a prominent hub for oilfield services and support companies.
- Diversification and Industrial Development:
Over time, Broussard diversified its economic base beyond agriculture and oil and gas. The town experienced a surge in industrial development, attracting companies from various sectors. Manufacturing and fabrication businesses, including those in metalworking, construction, and equipment production, established a strong presence in the area. The growth of these industries not only boosted the local economy but also created additional job opportunities for residents.
- Commercial and Retail Growth:
As the population of Broussard increased and the local economy expanded, the town witnessed substantial commercial and retail growth. Businesses ranging from small shops and restaurants to larger retail centers and commercial developments began to flourish. The commercial sector responded to the growing demand for goods and services, contributing to the local economy and enhancing the town’s overall appeal.
- Embracing Business-Friendly Policies:
Broussard has actively pursued business-friendly policies to attract and retain companies. The local government has prioritized infrastructure development, streamlined permitting processes, and provided incentives for businesses which has fostered an environment conducive to continued economic growth. These efforts have contributed to the town’s reputation as a favorable location for businesses to establish and expand their operations.
Broussard’s advantageous location has played a pivotal role in its economic growth. Situated in close proximity to Lafayette, the fourth-largest city in Louisiana, Broussard benefits from its connection to a larger metropolitan area. The town’s accessibility to major transportation routes, including highways and rail networks, facilitates the movement of goods and enables businesses to reach broader markets.
From its humble beginnings as an agricultural community to a thriving economic center, Broussard, Louisiana, has experienced remarkable growth over the years. The convergence of factors such as the oil and gas industry, diversification of the local economy, strategic location, and business-friendly policies has propelled Broussard’s economic development. Today, the town continues to evolve and adapt, attracting new businesses, creating jobs, and contributing to the economic prosperity of the region. Follow along with us at the Broussard Economic Development Corporation as we continue to advance Broussard’s economic positioning.