BRAC named a top 10 economic development organization in U.S.
Site Selection magazine has today named the Baton Rouge Area Chamber among the nation's top 10 economic development organizations in 2011. It marks the third year in a row BRAC has been recognized by the magazine with this distinction. The list, which does not designate specific rankings, is based on four objective criteria—new jobs, new jobs per 10,000 residents, new investment amounts and new investments per 10,000 residents—as well as subjective criteria including innovation, leadership and customer services. In 2011, BRAC reports assisting on 14 project wins, securing 949 jobs, generating $44.6 million in payroll and roughly $244 million in new capital investments. BRAC will be featured in the May issue of Site Selection along with other organizations on the list, as well as those named top deals of the year. "Maintaining BRAC's position on this list proves that our efforts have been targeted, consistent, and focused on excellence," says BRAC President/CEO Adam Knapp in a prepared statement. "Our regional economy is strong, and the Capital Region is one of best places in the country for starting new business activity." Meanwhile, in the March edition of Site Selection, Baton Rouge is featured as the top metro area for economic development projects in 2011 among those with 200,000 to 1 million residents, and you can check out that feature here.
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