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BRAC IS FOCUSING ON INDUSTRY TARGET SECTORS THAT FIT OUR ECONOMIC OPERATING ENVIRONMENT. Advanced Manufacturing. Digital Interactive Media & Software Development. Emerging Energy Manufacturing. Specialty Medical (including diabetes and dietary health science. Biofuels & Specialty Chemicals.
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BRAC IS FOCUSING ON INDUSTRY TARGET SECTORS THAT FIT OUR ECONOMIC OPERATING ENVIRONMENT Advanced Manufacturing Digital Interactive Media & Software Development Emerging Energy Manufacturing Specialty Medical (including diabetes and dietary health science Biofuels & Specialty Chemicals Corporate Facilities & Regional Headquarters 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 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 Companies Notable Local Programs Digital FX Electronic Arts AVATAR Program Digital Media Charter High School InfiniEDGE Nerjyzed Entertainment Fairshare / Payaway Red Stick International Animation Festival Yatec Games Louisiana Optical Network Initiative 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 Class A & B Buildings • Business parks and existing business • Competitive wage rates • Regional and national headquarter facilities • Albemarle • Bercen, Inc. • The Shaw Group • Lamar Advertising Square Feet 6,661,816 Occupied 5,651,633 Occupancy Rate 84.84% Rate $17.08 Sublease 174,532 Class A Square Feet 3,912,626 Occupied 3,611,665 Occupancy Rate 92.31% Baton Rouge Office Market Rate $21.24 Sublease 141,563 Class B Square Feet 2,749,190 Occupied 2,039,968 Occupancy Rate 74.20% Rate $14.86 Sublease 32,969 6