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 1 * 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 3 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 4 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.) 5 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 6