Lafayette has diversified by positioning itself as a medical, transportation, entertainment, education, and retail hub. The business base of the parish includes energy services, manufacturing, health care, transportation and distribution, education, information technology, finance, tourism, and other service-related industries.
The resilience of Lafayette's economy is attributed to its entrepreneurial spirit and productive workforce that demonstrates a strong work ethic influenced by southern values. With this foundation, Lafayette Parish is able to foster an economy that supports a growing population, a low unemployment rate, as well as strong real estate and retail markets.
Forbes Magazine recently rated Lafayette the country's No. 14 city for job growth; Area Development named it the 5th best mid-sized city for economic and job growth; it's the 27th overall on the Forbes Best Cities for Jobs list; and is one of the top 10 shining examples of economic development in the South, according to Southern Business and Development.
Information in this section is quoted from the website of the Lafayette Economic Development Authority.