Southern Business & Development magazine ranked Baton Rouge No. 3 for best economic development performance among major southern markets in 2018.
Baton Rouge placed just behind New Orleans and Nashville, which tied for No. 1, and ahead of Austin and Louisville in markets of 750,000 to 2.5 million people.
“The Capital Region’s strong performance in the last calendar year is evidence of a pick up in our market, and points to new economic growth,” says Adam Knapp, president and CEO of BRAC, in a news release.
The ranking measures the number and size of industrial investments in a region. Major announcements from Shintech, which announced $1.49 billion in its chlor-alkali and vinyl chloride monomer facility in Iberville Parish, and ExxonMobil’s investments in East Baton Rouge Parish, helped secure Baton Rouge’s favorable ranking.
Also, the state ranked No. 2 in the south for economic development results. Read the announcement from Louisiana Economic Development for more details.