AGP Executive Report
Last update: 9 hours agoConstruction & Housing: Gibbs Construction’s second-generation CEO Lauren Gibbs says the Elmwood firm is on track to grow about 5% this year, with projected revenue near $100M, as it leads the $100M Clearview City Center redevelopment and the $64M Rivana Apartments in the River District. Food Safety: The FDA says Midwest Poultry Services is recalling nearly 1.6 million dozen eggs from Texas farms over potential Salmonella Enteritidis contamination; the eggs were sold at Kroger in Texas and Louisiana and at Brookshire Grocery in several states, with no illnesses reported yet. Disaster Preparedness: Tropical Storm Bertha made landfall in St. Bernard Parish and is moving west along the Gulf Coast, with warnings stretching toward the upper Texas coast and flood risk continuing for Louisiana and beyond. Local Infrastructure Finance: Jefferson Parish secured a $20M state-backed bond/loan workaround to fund sewer upgrades after credit agencies withdrew its bond rating over late audits, including lift station and wastewater treatment improvements. Energy & Reliability: Entergy New Orleans told a city council committee it can’t determine the cause of the July 4 French Quarter transformer explosion and fire because damage was too severe, despite routine inspections showing no prior issues. Public Finance & Markets: Louisiana’s $16.3B state employees’ retirement system increased its Strategy (MSTR) stake to 21,300 shares, boosting indirect exposure to Bitcoin. Gaming: Louisiana land-based and riverboat casinos posted June gaming revenue of $190.2M, up 5% year over year.
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