The Lafayette Economic Development Authority says that total taxable sales for 2020 broke the all-time record set in 2014.
More than $667 million in sales in December 2020 helped taxable sales reach $6.43 billion for the year. That number broke the all-time record set in 2014 by $13.5 million.
Sales ended the year up 1.33% from 2019 and up 6.22% from 2018, according to LEDA. December 2020 sales were the second highest single month on record following December 2014.
“Holiday shopping exceeded LEDA’s forecast of $1.1 billion which gave us the boost we needed to break the sales record set in 2014,” says Gregg Gothreaux, President and CEO of the Lafayette Economic Development Authority in a press release.
In the City of Lafayette, sales ended the year down 0.77% compared to 2019; however, sales were up 3.09% compared to 2018. Total taxable sales were up in Carencro (13.86%), Duson (2.85%), Scott (1.74%), Youngsville (12.26%), and unincorporated areas (11.02%). Sales were down 2.64% in Broussard.
“As we start a new year, it’s important to remember that shopping local keeps sales revenue in our community which will be vital as we continue to deal with the ongoing pandemic and renewed concerns in the energy sector. This news, along with December’s low unemployment numbers also released this week, certainly is welcomed after many tough months for local businesses and their employees,” says Gothreaux.
Sales tax collection numbers are gathered by the Lafayette Parish School System.
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