Site Selection magazine named Baton Rouge the No. 1 metropolitan area for new corporate facilities in 2011, the second time the city has received the honor.
Site Selection honored the capital with the title based on its recent business development. The magazine uses a database to track business developments across the country.
BRAC spokesperson Lauren Songy Hatcher said the Baton Rouge area finished for the year with 38 qualifying projects.
Baton Rouge has finished first for two years in a row and is the first city in Louisiana to do so.
“Ranking No. 1 in the U.S. is a testament to the benefits of a true regional strategy and partnership,” said Adam Knapp, BRAC’s President and CEO, in a news release. “The Baton Rouge area’s project pipeline is robust today, and we look forward to another great year for regional economic development.”
Baton Rouge was followed on the list of top 10 metropolitan areas by Dayton, Ohio, and Tulsa, Okla.
Site Selection’s database tracks facilities based on three factors: involvement of a capital investment of at least $1 million, a creation of at least 50 new jobs and an addition of at least 20,000 square feet of new floor space to the development.
Site Selection does not track retail, government projects, schools or hospitals.
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Contact Lauren duhon at [email protected]
BR No. 1 for new corporate facilities
March 6, 2012