BRAC makes the top 10
The Baton Rouge Area Chamber recognized as a top economic development organization.
Baton Rouge, La. – Every year, Site Selection Magazine names their top ten economic development organizations, and once again Baton Rouge makes the list. This marks the fourth consecutive year they have been named. Adam Knapp, President of the Chamber told Talk 107.3fm's Brian Haldane that they are on an unprecedented streak. "We've been on a record run" he said. Knapp continued, "To achieve this once is huge, to do it four years in a row has never been done by a metro our size before." Knapp noted that a streak of four years in a row is usually reserved for much larger cities and Baton Rouge is now in the company of Dallas, Houston, Denver and Chicago for economic development.
Site Selection is a highly respected and widely read publication focusing on economic development activities throughout the United States. It is used as a reliable source of information for many site-selection consultants and company executives exploring expansion and relocation options. Knapp said, "its a bit of an industry bible for the folks that decide where to open new businesses or relocate or expand current business."
The ranking, which does not designate a specific position within its listing, is based on four objective categories: new jobs, new jobs per 10,000 residents, new investment amount, and new investment per 10,000 residents, as well as some subjective attributes, including innovation, leadership, and customer service.
In 2012, BRAC worked on thirteen projects which announced relocations or expansions in the region. These new projects secured 1,128 jobs and generated over $78.1 million in payroll and $3.5 billion in new capital investment. The organization exceeded its previous records for total capital investment announced in a year and average annual wage per announced job, which was $69,237.