New Jersey (NBC33) — According to a report by Business Facilities Magazine, “IBM’s new technology center in downtown Baton Rouge is expected to generate a direct economic impact of nearly $1 billion and create 800 new jobs.”
BFM focuses on keeping corporate executives informed on issues related to choosing new locations for business expansion.
Baton Rouge Area Chamber CEO Adam Knapp said, “The new technology center in the Baton Rouge area has the potential to transform the region into a software development hub, which is one of our region’s targeted sectors. There are so many positives to this story. The company will help strengthen our competitiveness for talent, help diversify our region’s economy, and work in a close relationship with our key partner, Louisiana State University.”
In 2013, Baton Rouge was one of BFM’s top-ranked metro areas for economic growth, partly because of the recent downtown development efforts.
Louisiana was also named a runner up for 2013 State of the Year by BFM, along with Utah, Texas, Georgia, and Pennsylvania. Tennessee came in first.