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BRAC IS FOCUSING ON INDUSTRY TARGET SECTORS THAT FIT OUR ECONOMIC OPERATING ENVIRONMENT 1 Advanced Manufacturing Digital Interactive Media & Software Development.

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Presentation on theme: "BRAC IS FOCUSING ON INDUSTRY TARGET SECTORS THAT FIT OUR ECONOMIC OPERATING ENVIRONMENT 1 Advanced Manufacturing Digital Interactive Media & Software Development."— Presentation transcript:

1 BRAC IS FOCUSING ON INDUSTRY TARGET SECTORS THAT FIT OUR ECONOMIC OPERATING ENVIRONMENT 1 Advanced Manufacturing Digital Interactive Media & Software Development Specialty Medical (including diabetes and dietary health science Corporate Facilities & Regional Headquarters Biofuels & Specialty Chemicals Emerging Energy Manufacturing * Not an “industry sector,” but a critical component in attracting target industries

2 ADVANCED MANUFACTURING 2 Component parts manufacturing that require the use of science & technology Critical mass of industrial services LA’s relative tax climate is ranked 5 th 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

3 DIGITAL INTERACTIVE MEDIA 3 BRADIC – the only consortium comprised of both public and private- sector 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 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 Programs AVATAR Program Digital Media Charter High School Red Stick International Animation Festival Louisiana Optical Network Initiative Notable Local Companies Electronic Arts Nerjyzed Entertainment Yatec Games Digital FX InfiniEDGE Fairshare / Payaway AppOne Technology

4 SPECIALTY MEDICAL 4 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

5 RENEWABLE ENERGY & BIOFUELS 5 Natural resources for alternative green uses such as: timberland sugarcane water nuclear power fats & greases Ranked 35 th 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.)

6 CORPORATE FACILITIES 6 Business parks and existing business Competitive wage rates Regional and national headquarter facilities Albemarle Bercen, Inc. The Shaw Group Lamar Advertising 32,969Sublease $14.86Rate 74.20%Occupancy Rate 2,039,968Occupied 2,749,190Square Feet Class B 141,563Sublease $21.24Rate 92.31%Occupancy Rate 3,611,665Occupied 3,912,626Square Feet Class A Class A & B Buildings 174,532Sublease $17.08Rate 84.84%Occupancy Rate 5,651,633Occupied 6,661,816Square Feet Baton Rouge Office Market


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