Consumer spending up in EBR Parish
POSTED: Thursday, July 19, 2012 - 7:56pm
UPDATED: Thursday, July 19, 2012 - 7:59pm
BATON ROUGE, LA (NBC33) — Sales-tax collections continue to rise in the East Baton Rouge parish this month. Recently released numbers show a 13% increase in collection intake from the same time last year. Meaning people are willing, now more than ever, to spend money in Baton Rouge..
In 2012 alone the East Baton Rouge sales-tax receipts totaled $71.5 million, and compared to last year that's an almost 10% increase. Mayor Kip Holden is attributing much of that increase on the volume of tourists coming to the city this year.
Another sign of the recovering economy, more businesses opening and thriving. Jessica Hanson, co-owner of the newly opened Glo Beauty Bar said the venture wouldn't have been possible three or four years ago. The business has only been open for three months, and already profits are higher than expected. While Hanson admits they're targeting a niche audience, she feels the salon's success shows people in Baton Rouge are ready to spend again.
"We've been doing phenomenally. We hit our six month projections the third week in. which was just so much quicker than we thought we were going to,” Hanson explained, “I just don't know if I would have, with the economy how it was three years ago, now there seems to be a different feel. "
Hanson said she's feeling a lot more consumer confidence with clients now, noting that many are willing to commit to spending a little more on luxury beauty treatments.