Economy
In the 1970s, Natchitoches experienced an economic downturn that resulted in a sixty-five percent vacancy in the commercial district. However, because of efforts to revitalize the city, vacancy is now about 1 percent.
The Port of Natchitoches—a river port on the Red River—is located off the east bound part of U.S. Route 84 just outside Natchitoches. The port exports lumber from yards onsite, as forestry is a major industry in the area as well.
The Natchitoches Regional Airport serves cities (via FBO) such as Baton Rouge, Dallas, Houston, Little Rock, New Orleans, Monroe, and Shreveport. It is also adjacent to Northwestern State University; together they offer state-of-the-art flight training. Currently the airport is being renovated to become one of the country's most advanced non-towered airports.
The Natchitoches National Fish Hatchery is also based here. They handle over six species of fish and other wildlife.
The Natchitoches Christmas Festival is a well known celebration of the holidays for locals.
Since completion of Interstate 49, many business have either moved or have been built outside the city's central area. Gas stations and hotels have developed in this area and serve many of the Natchitoches Christmas Festival visitors.
Pecans are a staple of the area with a 400-acre (1.6 km2) pecan orchard located on the old Little Eva Plantation.
Natchitoches is an economic hub for the parish.
In 1998, Natchitoches was named one of the top six places in the United States to retire by Kiplinger’s Personal Finance Magazine.
Natchitoches is the home of the oldest general store in Louisiana, the still operating Kaffie-Frederick, Inc., General Mercantile, located on Front Street. The store was co-founded in 1863 by ancestors of Alexandria businessman and former city commissioner Arnold Jack Rosenthal (1923–2010).
Read more about this topic: Natchitoches, Louisiana
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)