The Senate Resolution commends the Louisiana Association of Business and Industry (LABI) on its fiftieth anniversary, recognizing its significant contributions to Louisiana's business community since its establishment in 1975. LABI, formed by merging several organizations, has been a leading advocate for free enterprise and economic growth, engaging actively in political, legislative, judicial, and regulatory processes. The resolution highlights LABI's early successes, such as the enactment of a Right-to-Work law, and its ongoing efforts to address challenges like unemployment compensation fund insolvencies during economic crises, including the oil sector downturn, Hurricane Katrina, and the COVID-19 pandemic.
Under the leadership of various presidents over the years, LABI has expanded its advocacy to include education reform, workers' compensation, and legal improvements, while also defending businesses against regulatory challenges. The resolution acknowledges LABI's strategic focus on fostering a sustainable business climate through its LA Driven Strategic Plan and its commitment to enhancing the quality of life for all Louisianans. The Senate extends its congratulations to LABI for its five decades of service and accomplishments, emphasizing its role as a vital advocate for businesses of all sizes across the state.