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Consultant: Solar plant, port and airport projects could reshape New Iberia economy; study due in weeks
Summary
Place and Main Advisors is producing a retail market analysis and an economic impact study tied to a proposed solar manufacturing facility and other parish projects. A draft is expected in about a month; the mayor was named to a local industrial tax-exemption committee that will review incentives for incoming businesses.
Joe Borgstrom, a principal with Place and Main Advisors, told the New Iberia City Council that his firm is under contract to produce an economic development analysis and retail market study for the city and that it has begun field work.
"My name is Joe Borgstrom. I'm a principal of the firm, Place and Main Advisors," Borgstrom said. He told the council the firm completed its first day of field work in New Iberia and had met with the port authority, the airport authority, the Industrial Development Fund and the parish president as part of the study.
The study will include a retail market analysis and, in partnership with the University of Michigan Office of Economic Development, an "in‑plan" economic impact analysis tied to a proposed solar manufacturing facility, Borgstrom said. He said the firm is "probably…
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