Sometimes, brand new industries arise in an economy. Many different things can lead to the rise of a new industry. One such thing is technology.
Recently, here in the United States, a new industry has arisen as a result of technological developments. The technological developments in question are the growth of drone technology. In the wake of these technological developments, a fairly sizable drone industry has come to exist here in the United States.
There are drone-related businesses throughout the country, including here in Louisiana. In fact, the drone industry has been experiencing quite a bit of growth in the state.
Many different things can be impactful on businesses in a relatively new industry. One is what the federal government ultimate decides to do when it comes to regulating the industry.
Currently, there are not clear and consistent regulations present at the federal level when it comes to drone technology. However, it is expected that the Federal Aviation Administration will be putting forth rules on the technology in the future. One wonders what federal regulations on drone technology will ultimately end up looking like and what effects the regulations that are ultimately decided on will have on drone-related businesses here in Louisiana.
Sometimes, disputes end up arising between a business and a government body over regulatory matters. Regulatory disputes have the potential to affect businesses in some pretty substantial ways. Business law attorneys understand how impactful of a situation a regulatory dispute can be for a business and can help businesses that are in such disputes navigate the various legal issues that can come up in connection to such disputes.
Source: WDSU, "Drone technology fueling booming business in Louisiana," Andy Cunningham, April 29, 2015