Business Briefs for Aug. 18

The Louisiana Cultural Economy Foundation will hold its LA Fête Louisiane 2013 fundraising event Nov. 2 at 725 Magazine St. in New Orleans.

The event begins with a 7-8 p.m. patron reception and ends at 11 p.m.

The event celebrates Louisiana’s cultural industries and the people — chefs, musicians, filmmakers, craft artists, visual artists, preservationists and other cultural producers.

“This year LA Fête will focus on delicious Louisiana seafood. We are planning to feature an oyster and champagne bar at the LA Fête patron party,” said CEO Aimee Smallwood.

Ticket and sponsorship information are available by calling Dorian Rush at (504) 895-2800.

LSU’s Business College Bash set for Nov. 23

The LSU E.J. Ourso College of Business will hold its second annual Business College Bash Nov. 23 at the Business Education Complex.

The festivities begin 4½ hours before the kickoff of the LSU-Texas A&M football game and end one hour before the start of the game. The time will adjusted based on the game time.

Business College Bash is a free tailgating event primarily for alumni of the E.J. Ourso College of Business and the College of Commerce.

An online registration form is available at

Group forming panel sediment diversion

The Water Institute of the Gulf is seeking nominations for an expert panel that will offer guidance to the Louisiana Coastal Protection and Restoration Authority on Mississippi River and Atchafalaya River sediment diversions.

The panel will be made up of up to 12 independent members with expertise in issues related to using river diversions to build, maintain and sustain coastal wetlands. The panel will identify scientific and technical uncertainties, suggest specific research and provide comment on project development.

Nominees are expected to be nationally or internationally recognized experts in their fields with appropriate experience regarding Louisiana coastal restoration.

Details of the nomination process and requirements can be found on The Water Institute’s website, .

Admiralty event scheduled in N.O.

NEW ORLEANS — The 20th annual Admiralty Symposium will be held 8 a.m. to 5:15 p.m. Sept. 20 at The Sheraton New Orleans Hotel at 500 Canal St.

The event is co-sponsored by the Louisiana State Bar Association insurance, tort, workers’ compensation and admiralty law section.

Registration in advance is $320. Section member registration is $295. After Sept. 13 and on-site, registration is $345.

For more information, call Bridget Berins at (504) 619-0137 or visit 2007cle/seminardetail.asp?CLEID=460.

LAGCOE events to focus on trade

LAFAYETTE — The 2013 Louisiana Gulf Coast Oil Exposition and U.S. Commercial Service will be presenting international trade-related events during the Oct. 22-24 oil and gas industry expo in Lafayette’s Cajundome and Convention Center.

The free presentations will be held on Tuesday and Wednesday during the event and are free and open to all U.S. companies attending or exhibiting at LAGCOE.

U.S. Commercial Service oil and gas industry specialists from Canada, Mexico, Nigeria and Indonesia will be leading delegations of business people to the event. The commercial specialists will be on hand along with representatives from the U.S. Export-Import Bank and other federal government organizations to discuss international market potential, export finance needs or other export-related issues. In addition, a series of international presentations is planned to provide information about the markets, key opportunities and best methods for doing business in Angola, Australia, Brazil, Canada, India, Malaysia, Mexico, Saudi Arabia and Singapore.

Teachers’ system reports results

The Teachers’ Retirement System of Louisiana reported a 13.4 percent return on its investments and an asset market value of $14.7 billion at the end of its fiscal year.

TRSL said its performance placed in the highest quartile of pension plans with assets greater than $1.0 billion, according to the Wilshire Trust Universe Comparison Service.

“Our fund grew 13.4 percent over the past year due chiefly to the performance of our U.S. stock portfolio,” said Philip Griffith, TRSL chief investment officer.

Over the past 25 years, TRSL has averaged an 8.9 percent annualized market rate of return.

Research underway to help corn growers

LSU AgCenter soil scientist Brenda Tubaña is conducting research into different nitrogen fertilizer rates as well as the timing of the applications to help corn growers improve crop yields.

Nitrogen fertilizer is a major expense for corn growers. Finding the appropriate amount to apply so no more is used than necessary is the goal of research, Tubaña said.

A thorough soil test analysis is the first step corn growers must take to develop a fertilization plan that will help obtain favorable results both in yield and economic return, she said.

Tubaña’s research looks at different nitrogen rates and the timing of the applications. Typically, nitrogen is applied in a split application. The first application is applied before or at planting. The rest is applied when corn reaches 3-12 inches tall.

Tubaña is studying the rates for the second application when the plant reaches the eight- to nine-leaf stage, which is when corn begins to take up a significant amount of nitrogen.

She is using optical sensor technology, which involves taking readings from the crop’s canopy in the field to determine precisely how much nitrogen is needed. The farmer can then apply variable rates of nitrogen based upon the individual plant’s needs rather than a uniform application across the field.

This approach would reduce farmer’s costs and decrease the amount of nitrogen being lost into the environment.

The findings from her studies so far show improvement in corn nitrogen use efficiency. However, this does not necessarily translate into higher net returns.

“Both crop prices and nitrogen fertilizer costs must be considered in the continual effort to refine the sensor-based nitrogen decision tool,” Tubaña said.

Tubaña’s research on crop fertilization rates is partially funded by the Louisiana Soybean and Grain Research and Promotion Board.

Business startup course planned

NEW ORLEANS — The Small Business Development and Management Institute at the Southern University at New Orleans is holding entrepreneurial training and financial management classes beginning at 6 p.m. Aug. 27 at the SUNO Incubator at 7240 Crowder Blvd., Suite 300, in New Orleans.

The cost of the “NxLevel Business Start-ups & Finanacial Management” course is $550 — $135 for SEBD LED business members.

For more information, call the SUNO Small Business Incubator at (504) 242-0006 or email

— From Advocate reports