Baton Rouge named No. 1 for economic growth potential in recent list
POSTED: Friday, August 2, 2013 - 6:00pm
UPDATED: Friday, August 2, 2013 - 6:04pm
BATON ROUGE, LA — Baton Rouge was ranked number one in Business Facilities’ list of the Top 10 Metro Areas for Economic Growth Potential.
Louisiana's business climate was also ranked number four in the nation for 2013 – the highest-ever ranking for the state by Business Facilities magazine. Last year, Louisiana was the top-ranked state in Economic Growth Potential by Business Facilities.
"We’re proud to see our region at the top of one of the most respected national economic development rankings," said Adam Knapp, president and CEO at the Baton Rouge Area Chamber (BRAC). "The region and state have pro-business political and community leadership and great business climate factors influencing new activity. If current trends are any indication - from software/digital media to our massive manufacturing expansion – the Baton Rouge Area is poised to see strong economic growth for the foreseeable future."
Business Facilities is a leading full-service media outlet specializing in the site selection marketplace. The magazine serves as a reliable source of information for many site-selection consultants and company executives exploring expansion and relocation options. Business Facilities has been the leading source of intelligence on corporate expansion and relocation since 1968.
Business Facilities' Economic Growth Potential metro ranking is based on an evaluation of successful growth strategies, diversification of growth sectors, recent projects and available incentives, among other factors.
"Louisiana’s capital has had great success in executing its strategy of bringing together business and higher education in innovative public-private partnerships that spur initiatives in new high-growth sectors," said Business Facilities Editor in Chief Jack Rogers.
This distinction is a notable addition to other awards for the Baton Rouge Area in 2013 including Major Market of the Year from Southern Business & Development, 4th Best Mid-Sized Metro Area for New and Expanded Corporate Facilities from Site Selection magazine, and 3rd on the list of Value Penguin’s Best Cities for Chemical Engineers.