The Baton Rouge Area Chamber announced Thursday that Site Selection magazine chose the Capital Region as the No. 1 metropolitan area, with a population between 200,000 and 1 million, for new and expanded corporate facilities in 2011.
The magazine uses its New Plant Database to track business development projects with a significant impact. Based on the database’s criteria, the Baton Rouge area finished the year with 38 qualifying projects, according to a BRAC news release.
This is the consecutive second year that the region finished first and it is the first in Louisiana to do so.
“Ranking number one 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 the release. “We applaud the leaders of our nine parishes for their great work last year, as well as our state partners. 2011 was a great year, especially considering the continued economic instability worldwide. The Baton Rouge area’s project pipeline is robust today, and we look forward to another great year for regional economic development.”
The Site Selection database follows new facilities and expansions on the basis of three factors: involving a capital investment of at least $1 million; creating at least 50 new jobs; or adding at least 20,000 square feet of new floor space. It does not track retail and government projects, schools, or hospitals.