A more diverse industry base will grow jobs faster, retain more talent, and be more resilient. The core priorities of the this goal are to:
Level up entrepreneurs and existing businesses
Grow emerging industry sectors
Shift business attraction into hyperdrive
BRING IT! Big Outcome: Grow 500 new jobs in emerging sectors
Economic growth in the Baton Rouge Area has been fairly moderate over the past decade, and recent growth has been concentrated in the construction sector. Adding 500 new jobs in our emerging sectors—life sciences, software, renewable energy, and water—over the next five years will signal a strong shift towards economic diversification.
BRING IT! Big Priorities for 2023
To further the goal of diversifying our industry base and job opportunities in 2023, BRAC will pursue the following tactics:
- Unify the small business and entrepreneurship ecosystem to continue working more cohesively together by hosting quarterly meetings for all regional small business service providers.
- Launch H2theFuture grant initiative to develop the H2BDSouth Louisiana team.
- Catalyze growth within emerging industries