brac is focusing on industry target sectors that fit our economic

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BRAC IS FOCUSING ON INDUSTRY TARGET SECTORS THAT FIT OUR
ECONOMIC OPERATING ENVIRONMENT
Advanced
Manufacturing
Specialty Medical
(including diabetes Corporate Facilities
and dietary health
& Regional
science
Headquarters
Digital Interactive
Media & Software
Development
Biofuels &
Specialty
Chemicals
Emerging Energy
Manufacturing
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* Not an “industry sector,” but a critical component in attracting target industries
ADVANCED MANUFACTURING
• Component parts manufacturing that
require the use of science & technology
• Critical mass of industrial services
• LA’s relative tax climate is ranked 5th in the
nation for healthcare, workers
compensation, unemployment insurance,
etc.
• The Baton Rouge area is particularly
strong in logistics infrastructure
• Right to Work State, with few Union
Challenges
2
DIGITAL INTERACTIVE MEDIA
• BRADIC – the only consortium
comprised of both public and privatesector organizations in the U.S. –
proactively engaged in multi-tiered
efforts to develop an ideal landscape
for digital media production, including
targeting training & work force
development in digital media
Notable Local
Programs
AVATAR
Program
Red Stick
International
Animation
Festival
Digital Media
Charter High
School
Louisiana Optical
Network Initiative
• LA is committed to building this industry,
the state offers cashable tax credits at a
fixed rate of 25% of production costs
expended in Louisiana and 35% of labor
costs paid to Louisiana residents – the
highest digital media tax incentives in the
country
Notable Local
Companies
Electronic Arts
Digital FX
Nerjyzed
Entertainment
InfiniEDGE
Fairshare /
Payaway
Yatec Games
AppOne
Technology
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SPECIALTY MEDICAL
Pennington Biomedical Research Center (part of LSU System)
• Leader in obesity, nutrition, and preventive medicine
• New clinical facility for testing, gene & drug research
Woman’s Hospital
• Extensive clinical and molecular biology/genetic research
• New hospital and research facility
Louisiana Emerging Technology Center
• Esperance Pharmaceutical
• NuPotential
• Partnerships with PBRC
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RENEWABLE ENERGY & BIOFUELS
• Natural resources for alternative green uses such as:
• timberland
• sugarcane
• water
• nuclear power
• fats & greases
• Ranked 35th for current and potential green jobs from 2006 – 2038 by Global
Insight. LSU is a leader in biofuels research & efficiency.
• Recent project wins
• Point Bio Energy
• Dynamic Fuels
• Blade Dynamics (N.O.)
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CORPORATE FACILITIES
• Business parks and existing business
• Competitive wage rates
• Regional and national headquarter facilities
• Albemarle
• Bercen, Inc.
• The Shaw Group
• Lamar Advertising
Baton Rouge Office Market
Class A & B Buildings
Class A
Class B
Square Feet
6,661,816
Square Feet
3,912,626
Square Feet
2,749,190
Occupied
5,651,633
Occupied
3,611,665
Occupied
2,039,968
Occupancy Rate
84.84%
Occupancy Rate
92.31%
Occupancy Rate
74.20%
Rate
$17.08
Rate
$21.24
Rate
$14.86
Sublease
174,532
Sublease
141,563
Sublease
32,969
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