Certifying Small Sites in the Capital Region
The Baton Rouge Area Chamber certified two small sites in Ascension Parish in March. These sites are both located in Donaldsonville and are zoned for commercial and industrial use.
“Development ready sites are a key part of economic development. As we continue recruiting companies considering the Capital Region for investment, a robust inventory of development-ready sites is key to our efforts,” said Russell Richardson, BRAC senior vice president of business development.
A business site certified by Louisiana Economic Development (LED) is between 10 and 25 acres and business-ready. These sites can be suitable for a business park, mixed use development or planned unit development.
Foti Highway 70, located at 2246 Highway 70, boasts 13.2 acres and is listed for $1,712,100. Foti Highway 3120 N, located at LA 3120 and Lemanville Cutoff Road, is approximately 9.7 acres and is listed for sale at $967,300. Neither site is subdividable.
Foti Highway 70 and Foti Highway 3120 N are serviced by Entergy for electricity, Ascension Parish Utilities District for water, and AT&T for telecommunications and fiber-optics.
Both sites have undergone a rigorous review process which requires LED and an independent, third-party engineering firm to review specific site details such as zoning restrictions, title work, environmental studies, and soil analysis and surveys. Sites are assessed for compliance with LED standards and authenticity.
There are many advantages of having an LED Certified Business Site. These sites are development ready, have completed substantial due diligence, have compiled significant information and documentation, have undergone an independent third-party engineering review, and have uncertainty and potential obstacles eliminated through surveys and enhanced site knowledge.
Additionally, certified sites are more competitive, have greater marketability and are granted priority in LED site proposals.
BRAC’s certified sites initiative to identify new development-ready sites in the Capital Region and increase the number of sites available to economic development prospects represents BRAC’s partnership between the organization, local economic development organizations and landowners. The initiative embodies the end goal of promoting economic development within the nine-parish region.
Written by Rowan Knight
As the business development coordinator, Rowan supports the efforts of the business development team, ensuring projects and programs are delivered on time, on scope and exceed expectations.