Innovation – and the technology that comes from it – has made all of our lives better in almost incalculable ways. Whether its access to clean water, transportation that can take us anywhere we want to go, or the information revolution, many of us would be lost without these technologies. Yet when it comes to technology advancements, government often gets in the way. Rules and regulations make it difficult for innovators to improve our lives. Louisiana often lags behind in embracing new technology stifling innovation and job creation while also hurting consumers in the process.
When laws and regulations are created, they often don’t consider new businesses and products that have yet to be contemplated. Twenty years ago, it would have been nearly unthinkable that nearly every American would have a cell phone, let alone be able to use it to send money across the world or use it to...
When thinking about states that lead in technological innovation, California likely comes top of mind. But another western state has been leading the way in financial technology innovation thanks to a new type of regulatory structure called sandboxes. Sandboxes are alternative regulatory arrangements that help businesses with unique and new products or services navigate complex...
January was momentous for expanding internet access across the nation. The C-Band spectrum, radio airwaves that wireless providers spent tens of billions of dollars on to provide 5G service, went live. This means that mobile internet speeds now compare to internet speed through fiber cable for millions of Americans. But like too many times with...
Louisiana’s economy lagged behind the rest of the country long before the COVID-19 pandemic. Many states across the nation are on the path to recovery while Louisiana is still missing tens of thousands of jobs. As we look to the future of Louisiana, we need to rethink what it means to do business in our...
Do you think Christmas car commercials are as ridiculous as I do? You know the ones I am talking about. The ones that are playing nonstop as you try to watch football on the weekends. A spouse comes downstairs on Christmas morning to find a brand-new car or truck in the driveway and is overjoyed...
Originally Posted in the Center Square Louisiana has long been a leading state in energy production. Our state is blessed with the energy resources that power portions of the United States and the rest of the world. While the oil and gas industry is used to power homes, cars, and other aspects of everyday life,...
Hurricane Ida brought some of the worst destruction our state has seen in over a decade. As recovery efforts continue, drones are proving to be a valuable technology in building back Louisiana. Just a day after Ida struck Louisiana, President Biden announced that he asked the Federal Aviation Administration (FAA) to allow utility companies “to...
The debate over the trillion-dollar, 2000-page infrastructure package is heating up in Congress, but not for the reason everyone thought. Despite fears over rising debt and inflation, one of the most controversial parts of the legislation revolves around cryptocurrency and blockchain technology. While there are various cryptocurrencies, the most commonly known one is Bitcoin. Bitcoin...
There is a bipartisan agreement in Washington D.C. that the federal government should take steps to expand broadband access. However, many of these ideas involve spending billions of dollars while the country faces unprecedented levels of debt and deficits. Furthermore, most of these plans only address the access issue when adoption continues to be a major...
Why are successful and innovative companies moving south but not to Louisiana? The states outdated and expensive tax structure plays a major factor, but so does Louisiana’s desire to protect the status quo from innovation. Look no further than how Louisiana is treating Tesla, one of the most innovative and valuable companies in the world....
There is major movement on the broadband front in Louisiana. Not only will the Federal Communications Commission spend over $300 million to provide access to previously unserved areas over the next six years, Louisiana is also poised to spend $180 million on broadband projects due to federal funds. With tens of millions of dollars on...
The Louisiana economy is struggling with more than 100,000 lost jobs since the start of 2020. To return jobs and opportunity to Louisiana, policymakers should be using all the tools at their disposals. One industry ripe to provide economic benefit to Louisiana is aerial drones. Aerial drones are a rapidly advancing technology across the world....
The COVID-19 pandemic has changed many paradigms of daily life. While the necessary adjustments have been disruptive, they also present an opportunity for innovation. One lesson from the health care sector during the pandemic is that overly-restrictive regulations can limit much needed innovation in our health care system. Early in the crisis, many governors acted...
The pandemic has proven how important innovation is to staying safe and living our lives during a difficult time. However, innovation is also important to a state’s economic health. Regulatory sandboxes are policies that can jumpstart innovation and encourage job growth and opportunities in Louisiana. Regulatory sandboxes are an alternative regulatory framework for businesses that...