Site Selection magazine releases national economic development rankings
Baton Rouge, La. (March 3, 2017) – The Baton Rouge Area Chamber (BRAC) today announced rankings from Site Selection magazine related to new and expanded corporate facilities. Baton Rouge ranked No. 2 nationally for mid-sized metro regions, No. 1 for metros along the Mississippi River corridor, and No. 2 for projects per capita.
“Despite challenging circumstances last year, Baton Rouge remained resilient and demonstrated its strength as an economic driver for the state, as evidenced by this national recognition,” stated East Baton Rouge Parish Mayor-President Sharon Weston Broome.
“The consistent growth and number of projects in the region speak to the business climate, talent and momentum we have,” said Adam Knapp, president and CEO of BRAC. “BRAC staff was involved with several of the large projects last year that represent a significant $362.5 million capital investment in the area.”
Site Selection’s Conway Projects Database focuses on new corporate facility projects with significant impact, including headquarters, manufacturing plants, R&D operations and logistics sites, among others. It does not track retail and government projects, or schools and hospitals. New facilities and expansions included in the analyses must meet at least one of three criteria: (a) involve a capital investment of at least US$1 million, (b) create at least 20 new jobs or (c) add at least 20,000 sq. ft. (1,858 sq. m.) of new floor area.
About Site Selection
Site Selection magazine, published by Conway Inc., is the senior publication in the corporate real estate and economic development fields and is the official publication of the Industrial Asset Management Council. The magazine delivers expansion planning information to 48,000 executives of fast-growing firms. Read more about the Site Selection Governor’s Cup Awards at SiteSelection.com.
About the Baton Rouge Area Chamber
The Baton Rouge Area Chamber (BRAC) leads economic development in the nine-parish Baton Rouge Area, working to grow jobs and wealth and to improve the business climate and competitiveness in the region. Today, BRAC investors include more than 1,500 small businesses, mid-sized firms, large industry and entrepreneurial startups, as well as individuals and organizations that support business and economic development. In this capacity, BRAC serves as the voice of the business community, providing knowledge, access, services and advocacy. More information is available at brac.org.