2017 Market Factbook by Baton Rouge Business Report

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E D I U G E C R U O S E R

T E K & MAR K O O B T FAC S S E N I S BU

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CONDITIONS TREATED Back Pain Neck Pain Back/Neck Injury Herniated Discs Bulging Discs Arthritis of the Spine

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2017 FACTBOOK

CONTENTS

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B AT O U R C E G U I D E O S E R S S E BUSIN

T E K & MAR K O O B T C FA

Welcome to the 2017 BATON ROUGE BUSINESS RESOURCE GUIDE AND MARKET FACTBOOK. This guide for economic recruiters, site selectors and business owners alike is a comprehensive collection of market analysis and demographics for the Capital Region. Our Business Resource Guide is a stepby-step blueprint for starting a company in Louisiana, with the most up-to-date contact information for key agencies and organizations.

THE REGION

38 A profile of the Capital Region 40 Accolades 42 Assessing the market 44 Market forces 46 Where we are (and where we’re going) 48 Talent 50 Education 52 A global economy 54 Small business 56 Hospitality PARISH PROFILES

58 East Baton Rouge 59 Ascension 60 East Feliciana, Iberville 61 Livingston, Pointe Coupee 62 St. Helena 63 West Baton Rouge, West Feliciana BUSINESS RESOURCE GUIDE

64 Getting down to business 68 Entrepreneurial ecosystem 69 Incentives 34

BUSINESS REPORT, February 28, 2017 | BusinessReport.com

A LOT HAS CHANGED IN BATON ROUGE

OVER THE LAST 200 YEARS. Your Library is the place to learn about our history and to look forward to our future.

the world’s most comprehensive technology and business learning platform

www.ebrpl.com/DigitalLibrary 225.231.3750 | TEXT A LIBRARIAN: 225.361.8476 EREF@EBRPL.COM | EBRPL.COM

Daily-Report.com | BUSINESS REPORT, February 28, 2017

2017 FACTBOOK

FROM THE SPONSORS

LIBRARY RENOVATIONS. DYNAMIC, technologically advanced facilities. A new branch under construction. Increased technological services. Expanded online Digital Library offerings. More business meeting spaces. Career Center employment assistance. Small business workforce training. And more online classes and databases than ever. The nationally acclaimed East Baton Rouge Parish Library continues to increase services for the business community. Our resources deliver up-to-date training and new tech initiatives so local businesses’ employment needs are met at a level that helps them grow and compete globally. And the best part about it is – it’s FREE. The Digital Library (www.ebrpl.com/ DigitalLibrary) delivers free access to specialized business resources, databases, educational programming and more 24/7, including workforce development tools like Lynda.com, Treehouse and Atomic Training. They complement other assets, such as Mergent Intellect, Reference USA and Newsbank, Gale’s Small Business Resource Center, PressReader and EBSCO’s Small Business Reference Center. The Library maintains an aggressive schedule of technological upgrades to improve customer service. New services include mobile printing and fax-on-demand at libraries, while the Main Library’s Digital Lab hosts Adobe Creative Cloud on PC or Mac. The Library embraces emerging technologies: 3-D printing services, circulating

Arduino kits, robotics workshops and more. Last year, businesses booked the Digital Lab or other collaborative spaces at the Main Library and trained 1,200-plus employees. In addition to resources online and on site, the Library Board of Control remains committed to its 10-year plan to provide dynamic, interactive facilities with technological resources — all on the Pay-As-You-Go Plan. Branch renovations will incorporate features similar to the award-winning Main Library at Goodwood, and we just broke ground for construction of a new, innovative River Center Library. It will offer outstanding spaces and a broad range of programs and resources, including robust computer and software services/ trainings, a variety of meeting rooms, a maker space, a digital media studio, high-tech centers for teens/adults, business pods and much more. Baton Rouge is celebrating 200 years of progress. As we continue to expand our workforce development and emerging technology offerings, the Library also diligently strives to assist in the forward momentum of the city’s development. We will continue responding to your needs toward growth and development. Check us out at www.ebrpl.com.

ON DECEMBER 3, 1910, eight visionary

Besides being a great source of loan funding, First American Bank maintains a strong capital base for our customers to deposit their funds. From online bill pay to mobile check deposits, First American Bank offers the latest in banking technology to provide the best possible services for our customers. Let First American Bank take you where you want to go. We are here to assist you with your construction loan, home purchase, business loan, or any financial service you need while providing you with the latest in banking technology from knowledgeable and customer friendly employees. At First American Bank, we are local, we are easy to work with and most importantly we know how to get things done right. First American is a place where principles, fairness and people still matter. Decisions are still made locally—by local people who care. First American Bank and Trust. A Banking Tradition Since 1910. Member FDIC, Equal Housing Lender.

citizens chartered First American Bank and Trust. The bank was originally known as Bank of Vacherie. By 1978, the area served by the bank had grown far beyond the boundaries of the town from which its name was derived, and the name was changed to First American Bank and Trust. First American Bank and Trust is a community bank with 24 locations in Southeast Louisiana in 11 parishes which include East Baton Rouge Parish and Ascension Parish. First American has played an integral part in the growth and prosperity of the communities we serve by providing the highest quality of financial services to citizens throughout southeast Louisiana for more than 100 years. Today, First American Bank has total assets of $879 million. The size of the bank puts First American in a unique position to help both consumers and small businesses. We handle a large amount of construction loans for individuals as well as contractors. After construction is complete, a large percentage of those residential loans are maintained in our loan portfolio, providing our customers with exceptional service from local employees. Additionally, we provide the small businesses in our community with loans as high as $10 million. In 2016, First American Bank originated $144 million in loans for its customers.

BUSINESS REPORT, February 28, 2017 | BusinessReport.com

Spencer Watts

Library Director East Baton Rouge Parish Library www.ebrpl.com

Ronald J. Falgoust

President & CEO First American Bank and Trust www.fabt.com

EVERY WORKER. EVERY INDUSTRY. EVERY TIME. Because that’s how workers’ comp is supposed to work – with the future of Louisiana’s working men and women at the center of everything we do.

Visit us online at lwcc.com or call 225-924-7788 to learn more.

2017 FACTBOOK

THE REGION

1990

2015

A PROFILE OF THE CAPITAL REGION

+57.2%

THE NINE-PARISH CAPITAL REGION serves as the hub for Louisiana’s newest economic developments and growing, diverse population. With a full-time civilian workforce of more than 260,000, the region is arguably one of Louisiana’s most important centers for industrial construction, manufacturing, education and government. SOURCES: U.S. Census, Louisiana Parish Population Projection Series 2010-2030

1000

POPULATION (in thousands)

900

CAPITAL REGION POPULATION GROWTH RATE

800 700 600 500 400 300 200 100 0 1990

528,264

LOUISIANA COMMUTING PATTERNS

2000

2015

602,894

2030

830,480

954,850 (PROJECTED)

WORK TRANSPORTATION

AVERAGE COMMUTE TO WORK

26.5 MINUTES

0.9%

WORK COMMUTE TIMES

MOTORCYCLE OR OTHER MEANS

10.2%

27.6%

LESS THAN 10 MINUTES

21.8%

30 TO 44 MINUTES

22.9%

10 TO 19 MINUTES

BUSINESS REPORT, February 28, 2017 | BusinessReport.com

2.6%

0.3%

BICYCLE

WORKED FROM HOME

93.5% CAR, TRUCK OR VAN

20 TO 29 MINUTES

17.5%

45+ MINUTES

1.1% PUBLIC TRANSPORTATION (INCLUDING TAXICAB)

1.7% WALKED

GENDER AND AGE

EDUCATION LESS THAN A HIGH SCHOOL DIPLOMA

32.1%

HIGH SCHOOL GRADUATE

48.9% 51.1% MALE

13.5%

SOME COLLEGE/ ASSOCIATE DEGREE

27.5%

FEMALE

18.1%

BACHELORâ&#x20AC;&#x2122;S DEGREE

MEDIAN AGE

34.7 26.4%

24.1%

GRADUATE/ PROFESSIONAL DEGREE

8.8%

RACE/ETHNICITY

25.2%

3.6% HISPANIC

19.6% 35.6% BLACK

1.9%

ASIAN/ PACIFIC ISLANDER

1.4% OTHER

4.8%

57.5% WHITE

0-17

18-34

35-54

55-74

75+

*Does not add up to 100%; Includes margin of error of +/-0.2 percentage points

HOUSEHOLDS/INCOME

TOTAL OCCUPIED HOUSEHOLDS

AVERAGE HOUSEHOLD SIZE

POPULATION IN POVERTY

MEDIAN HOUSEHOLD INCOME

299,156 2.71 17.5% $51,829 Daily-Report.com | BUSINESS REPORT, February 28, 2017

2017 FACTBOOK

THE REGION

ACCOLADES THE BATON ROUGE metro area and Louisiana continue to rank high in many national measures of overall economic strength and attractiveness to private and public entities. In 2016, the region and state brought home several top rankings in the nation, and it placed in the top 10 in many other listings of the nation’s best places to do business.

SE LECT RAN KI NGS

No. 1

Major Business Projects Per Capita (Louisiana) Southern Business & Development

No. 1

Lowest Cost of Doing Business (Capital Region) KPMG Competitive Alternatives

No. 1

State Workforce Training Program (Louisiana Economic Development FastStart) Business Facilities

BUSINESS REPORT, February 28, 2017 | BusinessReport.com

No. 1

Top Regional MSAs in the South (Capital Region) Area Development

Best Business Environment for Construction Contractors (Louisiana) Associated Builders and Contractors

No. 4

Economic Growth Potential (Louisiana) Business Facilities

No. 5

Top States for Doing Business in 2016 (Louisiana) Area Development

No. 5

Top 10 Digital Cities (Baton Rouge, among cities with populations between 125,000 to 249,000) Center for Digital Government

No. 7

No. 6

Governor’s Cup (Louisiana) Site Selection

No. 6

Metro Area with the Highest Level of Manufacturing Productivity (Capital Region) Garner Economics

No. 7

Best States for Business in 2016 (Louisiana) Site Selection

No. 18

ACT National Career Readiness Certificates Earned Per Capita Among Working Adults (Louisiana) Site Selection

No. 29

Higher Education Research and Development Spending (Louisiana) Site Selection

No. 131

The Best Places for Business and Careers (Baton Rouge) Forbes

ISTOCK

Top 10 Cities for First-time Homebuyers (Baton Rouge) Realtor.com

Daily-Report.com | BUSINESS REPORT, February 28, 2017

2017 FACTBOOK

THE REGION

ASSESSING THE MARKET —Robert Stewart

MARIE CONSTANTIN

2016 WAS ROUGH on Baton Rouge. But while broken state budgets, contentious elections, controversial shooting deaths, intense protests and devastating floods dominated the headlines, the local economy appeared to hold up just fine. The area surpassed the 1.9% projected growth for 2016, and various economic forecasts for the Capital Region peg 2017 job growth at somewhere between 1.1% and 2%. Here’s what local business leaders have to say about the local economy in their respective industries.

“In the past, you would buy your phone service from somebody else, IT support from somebody else, internet from somebody else, security and access from somebody else. All of that is converging.” —Mohit “Mo” Vij, CEO, General Informatics

TECHNOLOGY

Baton Rouge’s technology market is setting itself up for more transformation in 2017, says Mohit “Mo” Vij, CEO of General Informatics. IT services firms are consolidating in an effort to provide more services, and that activity is likely to ramp up, Vij says. Businesses are also quickly realizing that having a strong mobile phone presence is no longer a luxury, but a necessity. “I think we’re seeing more businesses and organizations saying, ‘Can we do mobile first?’” Vij says. “That’s going to accelerate.”

THE KEY FOR BUSINESSES

While technology giants like Apple and Google seem to dominate the tech world, Vij says there’s still room for the little guy. “There’s still a solution part which the businesses need that the small guy can still provide,” he says. “Frankly, there’s also an opportunity that if the smaller company does something interesting that big-time companies are acquiring them rapidly.”

INDUSTRY

—Connie Fabré, executive director, Greater Baton Rouge Industry Alliance

RETAIL

2016 was a mixed-bag for retailers. Sales tax receipts in East Baton Rouge Parish skyrocketed in the months following the August flood, but those dollars were largely spent on restoration-related materials. “We saw some successes in certain places, but overall 2016 was a somewhat challenging year,” says Michael Mathews, president and owner of The Backpacker. Another hindrance for 2016—which persists into this year—was the Legislature’s sales tax hike last year, which added a penny to the state rate last year, driving it up to 5%. “None of our online competitors are required to collect sales tax like they are for other states,” Mathews says.

THE KEY FOR BUSINESSES

Aside from hoping that Louisiana’s sales tax rate will go down, local retailers can find ways to diversify the items they offer, Mathews says. That includes finding items that larger national retailers haven’t picked up yet, as well as carrying local products. “We’re always looking at the drawing board to make sure that we’re getting relevant products,” he says.

BUSINESS REPORT, February 28, 2017 | BusinessReport.com

THE KEY FOR BUSINESSES

Finding a properly trained workforce continues to be one of the biggest issues for local industrial plants, Fabré says. “It’s just still a challenge to get the qualified people,” she says. Industrial employment will be steady in the Capital Region 2017, Fabré says, so long as plants continue their push to find skilled workers.

“One of the most critical factors that is affecting us is the recent increase in sales tax. Our sales dropped immediately following the sales tax increase on April 1, 2016.” —Michael Mathews, president and owner, The Backpacker

COLLIN RICHIE

MARIE CONSTANTIN

“Possibly we’ll see some more project announcements coming maybe toward the end of the year … I’m hoping there’s a bit of a lull before another little uptick.”

Even with oil prices continuing to remain relatively low, the outlook isn’t all doom and gloom in the Capital Region’s industrial sector, says Greater Baton Rouge Industry Alliance Executive Director Connie Fabré. The past year was solid for the Baton Rouge area, which Fabré notes isn’t as dependent on oil and gas exploration like the struggling Houma and Lafayette economies. More major project announcements could come later this year, Fabré says, though tax increases passed in 2016 could make companies hesitant to make investments here.

BANKING

Baton Rouge’s banking sector will continue to feel the August flood’s impact well into 2017. It’s paramount for banks to continue to help the victims who have pulled out millions of dollars in loans for recovery purposes, says Danny Montelaro, south Louisiana area president for Regions Bank. Going forward, banks can spur commercial construction through lending as the restoration efforts continue, Montelaro says. “This is a long-term process, and it’s crucial for us to keep listening to our clients and finding ways to meet their needs,” he says.

“We must provide the service our clients want when they want it and where they want it—whether it’s in a branch location or on a device in the palm of their hand.” DON KADAIR

THE KEY FOR BUSINESSES

—Danny Montelaro, south Louisiana area president, Regions Bank

Capital is always hard to find, but small businesses have more options for financing today than they’ve had in a long time, Montelaro says. Financial institutions just have to keep up with the pace of online banking. “We are consistently evolving how we deliver our services,” Montelaro says, “and you’ll see that evolution continue throughout this year.”

“I think that there are going to be more federal prosecutions for illegal re-entry cases, drug cases, illegal possession of firearms, more violent crimes. I think that’s going to be good for criminal defense lawyers.”

“I expect developers to get more aggressive in 2017 with more ambitious speculative developments than in recent years.” REAL ESTATE

The August flood certainly disrupted Baton Rouge’s real estate market, but the market has thus far recovered well and may be emerging even stronger. Needy buyers snatched up homes in waves in the months after the flood, pushing the Capital Region beyond 10,000 closed sales (10,610 total) in a single year for the first time in 2016. Meanwhile, aside from properties being flooded, the local commercial market felt few effects, says Mathew Laborde, president and CEO of Elifin Realty. “The 2016 real estate market proved resilient in the face of many possible disruptions,” says Laborde. Going forward, a lack of inventory in the market could push developers to be more aggressive in 2017 with speculative developments, Laborde says.

DON KADAIR

FILE PHOTO

—Mathew Laborde, president and CEO, Elifin Realty

LAW

Good legal services are always needed in a political city like Baton Rouge. The bigger question is what specific services will see a rise in demand in 2017. With Donald Trump in the White House, lawyers should expect to see more illegal re-entry prosecutions, as well as greater enforcement of mandatory minimums in drug cases, says Lane Ewing, a partner in the Cazayoux Ewing law firm. “There’s been a directive from the Department of Justice that encourages only charging mandatory minimums in cases involving repeat offenders and violent criminals,” he says. “I think that’s going to change.”

THE KEY FOR BUSINESSES

Another trend that emerged in 2016 in Baton Rouge was smaller real estate firms teaming up with national giants like Engel and Völkers, and Berkshire Hathaway HomeServices. The key for smaller firms to survive, Laborde says, will be to focus on customer service, new technology and specialization within a certain niche. “We’re finding that our market is longing for specialists,” he says.

—Donna Fraiche, health care attorney, Baker Donelson

THE KEY FOR BUSINESSES

If it’s in their arena, law firms should get ready to handle cases related to illegal re-entry, drugs and violent crimes, Ewing says. Firms can also expected a continued emphasis by Trump’s Justice Department on asset forfeiture and less of a push for environmental crime prosecutions, Ewing says.

HEALTH CARE

As the Affordable Care Act remains in limbo, Louisiana’s health care sector is still waiting on what will happen to the state’s Medicaid expansion under the law in 2016. If lawmakers in Washington decide to walk back the Medicaid growth under the ACA, the state’s already frail budget could lose the expansion dollars it began receiving last year, says Donna Fraiche, a health care attorney for Baker Donelson. “The uninsured would have to be taken care of in some way,” she says. “If health care becomes more costly, then the commercial insurers will have to pick up the brunt, which will be passed off to the consumers and passed off to the companies.”

THE KEY FOR BUSINESSES

FILE PHOTO

“I do not believe—although I don’t have a crystal ball—that the Affordable Care Act will be completely repealed in its entirety without replacement. I just don’t see that there’s much appetite for that at the moment.”

—Lane Ewing, partner, Cazayoux Ewing Law Firm

While Obamacare’s standstill may cause heartburn, employers can’t do much aside from shop around for the best health care policy, Fraiche says. “I don’t know that you would be doing anything differently if you were an employer right now,” she says. “You’d continue to shop for the lowest forms of coverage with the most expansive needs for your particular population.”

Daily-Report.com | BUSINESS REPORT, February 28, 2017

THE REGION

DON KADAIR

2017 FACTBOOK

MARKET FORCES

The issues and projects to watch

Our Lady of the Lake has broken ground on one of its biggest endeavors to date. The hospital formally kicked off construction in February 2016 on its freestanding Children’s Hospital, which will house 130 beds in a 350,000-square-foot, state-of-theart facility. Once opened, the hospital is expected to lure top flight specialists and residents to the Baton Rouge area. The estimated cost has been pegged somewhere around $230 million. The facility is expected to open in fall 2018.

COURTESY OUR LADY OF THE LAKE

OLOL CHILDREN’S HOSPITAL

BUSINESS REPORT, February 28, 2017 | BusinessReport.com

HIGHLAND PARK MARKETPLACE STAFF PHOTO

Baton Rouge’s children’s museum is almost here. Work is close to being finished on the Knock Knock Children’s Museum, a years-in-the-making project scheduled to open on a BREC-owned bluff by City Park sometime this summer. The museum’s board of directors has raised $12 million thus far, says Peter Olson, who started work as the museum’s first executive director in mid-October. The museum’s exhibits are organized in 18 themed interactive learning zones, which will push early literacy, the arts, and science, technology, engineering and math—or STEM—learning through themes that highlight both city and natural elements.

Work is expected to wrap up in the fall on the fourth phase of Highland Park Marketplace, a planned lifestyle center at the corner of Perkins Road East and Highland Road, near Interstate 10. Forthcoming tenants include Bengals and Bandits, Pilates Plus, Burgersmith, Smarter Eyewear, NK boutique and Lafayette-based Morgan Claire boutique, among others. Developer Brian Douglas Campbell says construction of the 50,000-square-foot fourth phase retail center began in early January without fanfare, though he says he’ll play up the planned grand opening in October. The development is anchored by Alexander’s Highland Market. Other future tenants include Kean’s Dry Cleaning and Adrian’s, a restaurant concept from the owners of Juban’s.

COURTESY CAMPBELL COMPANIES

KNOCK KNOCK MUSEUM

ADELIA AT OLD GOODWOOD

Time will tell how far the Baton Rouge Health District moves forward in 2017, but its goals still seem ambitious. Plans for the district call for new research centers, greater communication between hospitals and health care centers, and traffic improvements for providers located in the Essen Lane-Bluebonnet Boulevard corridor. Some of the district’s plans have been delayed—such as the new Diabetes and Obesity Center—and finding a permanent funding source for the district is still an issue. But city leaders say the traffic improvements are in the works, and Dantin Bruce Development in October purchased 15 acres in the heart of the district, with plans for a mixed-use development in the area.

While Buc-ee’s has backed out of its agreement to open a location at the Greens at Millerville, work continues to press forward at developer Windy Gladney’s mixed-use development at the intersection of Millerville Road and Interstate 12. Buildings are already up for fried chicken chain Zaxby’s and buffet restaurant Golden Corral, and other structures are in the works. Gladney has signed deals with Richards Honda and the RV Shop for locations at the development, among other tenants.

CHARLES BREARD

GREENS AT MILLERVILLE

WATER CAMPUS

The Water Campus has generated buzz every year since it was announced in 2013, and 2017 will be no different. The state Coastal Protection and Restoration Authority moved into its Water Campus building in 2016, and other buildings are well underway, including the new headquarters for The Water Institute of the Gulf at the site of the old city dock near the Interstate 10 Mississippi River bridge. Other structures underway include the 45,000-square-foot Center for River Studies, which will feature educational exhibits, learning kiosks and a 120-by-90-foot changing floor model of the lower Mississippi River system. In addition, the East Baton Rouge Housing Authority plans to build an affordable housing development on the site called River South, which will feature 46 two- and three-bedroom units at a site on Oklahoma Street between Nicholson Drive and Highland Road.

STAFF PHOTO

BATON ROUGE HEALTH DISTRICT

COURTESY BATON ROUGE AREA FOUNDATION

DON KADAIR

Piles of dirt are starting to climb high at the site for Adelia at Old Goodwood, developer Mike Hogstrom’s upscale residential development on the site of the old Goodwood Plantation. Early plans call for 48 single-family lots built around the 165-year-old plantation house at the center of the site. Homes will range in size from 3,000 to 6,000 square feet and average between $250 and $285 per square foot. Hogstrom has said he hopes to begin home construction on the site sometime in the first quarter of this year.

COURTESY LSU FOUNDATION

NICHOLSON GATEWAY-LSU AREA

A transformative project is underway right by LSU’s campus. Crews are at work on Nicholson Gateway, a 28-acre mixed-use development off Nicholson Drive between Skip Bertman Drive and West Chimes Street. Plans call for 38,000 square feet of retail space, more than 1,500 beds in several student housing units and more than 1,600 parking spots, all with an expected opening date of fall 2018. Nearby, several new apartments have popped up in the last few years in the Burbank Drive-Ben Hur Road area, including Arlington Cottages and Townhomes, the Exchange at Baton Rouge and Wildwood Baton Rouge, to name just a few. Also, Rouses Supermarket is set to anchor the planned Arlington Marketplace, a 128,000-square-foot retail center planned for Burbank and West Lee drives.

Daily-Report.com | BUSINESS REPORT, February 28, 2017

2017 FACTBOOK

THE REGION

WHERE WE ARE (AND WHERE WE’RE GOING)

THE ECONOMIC OUTLOOK for Louisiana is pretty grim at the moment— but it’s not too shabby for Baton Rouge. The state is mired in a recession due to the global collapse in oil prices, but the Capital Region’s diverse economy is humming along and creating new jobs each year. Here’s a look at how Baton Rouge’s economy performed in 2016 and where it’s headed in 2017.

LOOKING BACK

LOOKING AHEAD

The Baton Rouge area reached total nonfarm employment of 416,000 in September 2016, a record high for the region. For the year, the Capital Region averaged roughly 412,500 jobs.

Expect Baton Rouge’s healthy job growth to continue in 2017. BRAC predicts the Capital Region will add roughly 6,000 jobs this year, a rate of 1.5%. And according to economist Loren Scott, similar growth—1.1%— should happen in 2018.

416,000 9,000

According to preliminary figures, the Capital Region created roughly 9,000 jobs in 2016. That’s easily tops among the state’s eight other metro areas, according to the Louisiana Workforce Commission.

4.6%

Baton Rouge’s 4.6% unemployment rate in December was second best among all major Louisiana metro areas, trailing only Lake Charles’ 4.4% rate.

28%

The Capital Region’s median household income has grown a healthy 28%, to roughly $52,000, from 2006 to 2015. In that same time frame, it grew only 16% in Louisiana and 15% nationwide.

10,610

A record 10,610 housing sales were closed in 2016, sparked in part by a wave of activity after the August flood. That’s an 8.6% increase over sales of 9,769 in 2015— the first year the Baton Rouge market hit at least 9,000 closed sales.

$18 million

Sales tax collections exploded in East Baton Rouge Parish after the flood, as people bought hoardes of supplies to rebuild. Collections topped $18 million each month in September, October and November. For comparison, no month had posted any total higher than roughly $17.8 million in at least the last five years.

BUSINESS REPORT, February 28, 2017 | BusinessReport.com

6,000

10,000

The Capital Region keeps adding residents. Forecasts show the area’s population could grow by as much as 10,000 by 2018, from roughly 836,000 residents in 2016 to 846,000 next year, according to the highest projections.

57%

More than half of area business leaders are expecting at least some kind of growth this year. Some 57% of local business leaders surveyed by BRAC are expecting either moderate or rapid growth in 2017.

$10.1 billion

Buoying the growth in Baton Rouge is a host of heavy industrial projects either announced or underway. Economist Loren Scott says $15.3 billion worth of industrial projects have been announced, with $10.1 billion worth of those projects either underway or completed.

20.4%

For a fifth of local business leaders, the biggest obstacle for growth is the Capital Region’s horrendous traffic problems. The gridlock tops the list with 20.4% of respondents pegging it as a hindrance. Next on the list are workforce issues (12.7%), quality/affordable education options (10.8%) and flood recovery (9.6%).

Business leaders’ top two workforce concerns from 2016 are rearing their ugly heads again in 2017. Executives say the top two concerns this year, yet again, are: Candidates lacking “soft” skills and unrealistic salary expectations.

JAGUAR XE

THE ASSOCIATED PRESS

LOOKS, CHARM AND IMPECCABLE TIMING

TRUMP CARD

No economic outlook in 2017 could be complete without an examination of President Donald Trump’s potential impact on the area. Trump’s agenda is still being worked out, though he has indicated that rolling back burdensome regulations is on his agenda, which should help both Louisiana and the Capital Region, particularly as it pertains to heavy industry. But his stance on trade has some people wary. Here’s a look at what local economic leaders think will happen under Trump’s watch.

The rulebook

If anything is making Capital Region leaders optimistic, it’s Trump’s views on regulations. Trump has repeatedly hit former President Barack Obama for complex regulation policies that businesses have been lamenting for years. “Regulations, taxes and mandates like Obamacare and the overtime rules are making it harder for small businesses to compete,” says Stephen Waguespack, president and CEO of the Louisiana Association of Business and Industry. “A new approach to lift those burdens will help our job creators stay afloat.” BRAC also expects Trump to be an “improvement” for the nation’s regulatory environment.

Trade wars

Trump has made trade agreements one of his primary targets, canceling the United States’ involvement in the Trans Pacific Partnership and indicating he wants to renegotiate NAFTA, which has caught economist Loren Scott’s attention. “You’ll see serious red numbers if NAFTA is repealed,” Scott says. “It’ll make the Great Depression look like nothing.” For his part, state Commissioner of Agriculture Mike Strain says he’s encouraged by the Trump presidency, particularly the Republican’s pledge to advance infrastructure projects that could help Louisiana’s trade economy. “I’m not really worried,” says Strain. “It’s great when you see on the first day the president has trade front and center.”

SOURCES: Louisiana Economic Outlook for 2017 and 2018; Baton Rouge Area Chamber’s 2017 Economic Outlook; Louisiana Workforce Commission; Greater Baton Rouge Association of Realtors; East Baton Rouge Parish Finance Department

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Daily-Report.com | BUSINESS REPORT, February 28, 2017

2017 FACTBOOK

THE REGION

TALENT AND JOB GROWTH

THE BATON ROUGE area can expect continued job growth in 2017, but which industries will provide the best offerings? The Baton Rouge Area Chamber identifies five sectors poised to produce a number of high-growth, high-wage jobs this year: Construction, manufacturing, professional and business services,

health care and technology. In total, BRAC expects about 1.5% job growth in 2017, which equates to roughly 6,000 jobs. Last year Baton Rouge added 9,000 jobs, boasting the highest job growth among Louisiana’s metro areas, according to the Louisiana Workforce Commission.

CAPITAL REGION LABOR FORCE & PARTICIPATION AS OF DECEMBER 2016

CIVILIAN LABOR FORCE

422,309

403,068

19,223

UNEMPLOYMENT RATE

UNEMPLOYED

EMPLOYED

4.6%

HELP WANTED THE TOP SECTORS PROJECTED TO SEE JOB GROWTH IN THE CAPITAL REGION IN THE COMING YEAR

CONSTRUCTION

MANUFACTURING

ELECTRICIANS

CURRENT JOBS: 3,839 PROJECTED ANNUAL OPENINGS: 270 2015 AVERAGE WAGE: $51,232

CARPENTERS

CURRENT JOBS: 4,221 PROJECTED ANNUAL OPENINGS: 210 2015 AVERAGE WAGE: $38,737

PLUMBERS, PIPEFITTERS AND STEAMFITTERS

CURRENT JOBS: 3,052 PROJECTED ANNUAL OPENINGS: 170 2015 AVERAGE WAGE: $47,076

WELDERS, CUTTERS, SOLDERERS AND BRAZERS

CURRENT JOBS: 2,937 PROJECTED ANNUAL OPENINGS: 170 2015 AVERAGE WAGE: $44,752

HEAVY, TRACTOR-TRAILER TRUCK DRIVERS

CHEMICAL PLANT AND SYSTEM OPERATORS

CURRENT JOBS: 4,878 PROJECTED ANNUAL OPENINGS: 170 2015 AVERAGE WAGE: $42,774

CURRENT JOBS: 2,324 PROJECTED ANNUAL OPENINGS: 130 2015 AVERAGE WAGE: $71,537

BUSINESS REPORT, February 28, 2017 | BusinessReport.com

PROFESSIONAL AND BUSINESS SERVICES ACCOUNTANTS AND AUDITORS CURRENT JOBS: 2,909 PROJECTED ANNUAL OPENINGS: 140 2015 AVERAGE WAGE: $62,051

CHEMICAL ENGINEERS CURRENT JOBS: 1,216 PROJECTED ANNUAL OPENINGS: 70 2015 AVERAGE WAGE: $117,627

CIVIL ENGINEERS CURRENT JOBS: 1,275 PROJECTED ANNUAL OPENINGS: 70 2015 AVERAGE WAGE: $96,583

AUDITING CLERKS, BOOKKEEPING AND ACCOUNTING CURRENT JOBS: 4,731 PROJECTED ANNUAL OPENINGS: 60 2015 AVERAGE WAGE: $35,792

FINANCIAL MANAGERS CURRENT JOBS: 1,271 PROJECTED ANNUAL OPENINGS: 50 2015 AVERAGE WAGE: $101,813

HEALTH CARE

TECHNOLOGY

REGISTERED NURSES

NETWORK AND COMPUTER SYSTEMS ADMINISTRATORS

CURRENT JOBS: 7,545 | PROJECTED ANNUAL OPENINGS: 420 2015 AVERAGE WAGE: $58,069

LICENSED PRACTICAL AND VOCATIONAL NURSES CURRENT JOBS: 4,259 | PROJECTED ANNUAL OPENINGS: 220 2015 AVERAGE WAGE: $39,152

NURSING ASSISTANTS CURRENT JOBS: 4,686 | PROJECTED ANNUAL OPENINGS: 180 2015 AVERAGE WAGE: $21,865

PHYSICAL THERAPISTS CURRENT JOBS: 626 | PROJECTED ANNUAL OPENINGS: 40 2015 AVERAGE WAGE: $86,580

CURRENT JOBS: 976 | PROJECTED ANNUAL OPENINGS: 40 2015 AVERAGE WAGE: $64,797

COMPUTER PROGRAMMERS CURRENT JOBS: 574 | PROJECTED ANNUAL OPENINGS: 40 2015 AVERAGE WAGE: $68,915

CAPITAL REGION EARNINGS

COMPUTER SYSTEMS ANALYSTS

AS OF THE SECOND QUARTER 2016

CURRENT JOBS: 716 | PROJECTED ANNUAL OPENINGS: 30 2015 AVERAGE WAGE: $72,923

AVERAGE HOURLY WAGE:

$22.38

SOFTWARE DEVELOPERS, APPLICATIONS CURRENT JOBS: 371 | PROJECTED ANNUAL OPENINGS: 20 2015 AVERAGE WAGE: $65,288

MEDICAL ASSISTANTS

COMPUTER AND INFORMATION SYSTEMS MANAGERS

CURRENT JOBS: 1,344 | PROJECTED ANNUAL OPENINGS: 40 2015 AVERAGE WAGE: $27,896

CURRENT JOBS: 513 | PROJECTED ANNUAL OPENINGS: 20 2015 AVERAGE WAGE: $97,001

(STATE AVERAGE: $21.33)

AVERAGE ANNUAL WAGE:

$46,540

(STATE AVERAGE: $44,356)

SOURCE: Baton Rouge Area Chamber

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Daily-Report.com | BUSINESS REPORT, February 28, 2017

2017 FACTBOOK

THE REGION

EDUCATION IT’S NO SECRET that Louisiana has lagged in national education rankings for decades, but there have also been steady gains in recent years as the focus on improving education in the Bayou State has intensified. The state’s four-year high school graduation rate increased for a fifth consecutive year in 2015, reaching an all-time high of 77.5%. That represented a 2.9-percentage point increase over the year previous—and an 11.2-percentage point rise since 2006. The Louisiana Department of Education also says about 6,300 more students are annually achieving a college-going score on the ACT than did in 2012, when the Board of Elementary and Secondary Education began implementing high school policy changes, including funding the ACT assessment for all students, launching the Jump Start career education pathways program and expanding Advanced Placement courses. Still, further gains are clearly needed. In 2016, U.S. News and World Report ranked Louisiana’s high schools No. 47 in the nation. However, the Capital Region was home to the state’s four highest-rated school districts last year: Zachary Community Schools District, Central Community Schools District, Livingston Parish Public Schools and Ascension Parish Schools. “Because of the hard work of students, families and educators, thousands more young people are achieving opportunity for life after high school,” says state Superintendent John White. “At the same time, we must recognize that in today’s economy, simply having a high school diploma is not enough to achieve upward mobility and high wage employment. Therefore, we are committed to increasing the graduation rate while making sure a Louisiana high school diploma is the springboard to college, career and life success.”

CAPITAL REGION PUBLIC SCHOOL 2015-16 SCORECARDS

EAST BATON ROUGE PARISH OVERALL GRADE:

LIVINGSTON PARISH OVERALL GRADE:

NUMBER OF SCHOOLS: 82 TOTAL STUDENT ENROLLMENT: 41,565 (9% SPECIAL EDUCATION, 84% ECONOMICALLY DISADVANTAGED)

SCHOOLS WITH A GRADE: 10 (12%) SCHOOLS WITH B GRADE: 13 (16%) SCHOOLS WITH C GRADE: 18 (22%) SCHOOLS WITH D GRADE: 28 (34%) SCHOOLS WITH F GRADE: 13 (16%) ACT BEST COMPOSITE SCORE AMONG SENIORS: 19.7 (18.6 WHEN RECOVERY SCHOOL DISTRICT SCHOOLS ARE INCLUDED)

NUMBER OF SCHOOLS: 42 TOTAL STUDENT ENROLLMENT: 25,688 (11% SPECIAL EDUCATION, 57% ECONOMICALLY DISADVANTAGED)

SCHOOLS WITH A GRADE: 28 (67%) SCHOOLS WITH B GRADE: 13 (31%) SCHOOLS WITH C GRADE: 1 (2%) SCHOOLS WITH D GRADE: 0 (0%) SCHOOLS WITH F GRADE: 0 (0%) ACT BEST COMPOSITE SCORE AMONG SENIORS: 20.4

ASCENSION PARISH OVERALL GRADE:

NUMBER OF SCHOOLS: 27 TOTAL STUDENT ENROLLMENT: 21,976

SCHOOLS WITH C GRADE: 3 (11%) SOURCE: Louisiana Department of Education (9% SPECIAL EDUCATION, 53% ECONOMICALLY DISADVANTAGED) SCHOOLS WITH D GRADE: 1 (4%) SCHOOLS WITH F GRADE: 2 (7%) SCHOOLS WITH A GRADE: 12 (44%) ACT BEST COMPOSITE SCORE AMONG SENIORS: 20.4 SCHOOLS WITH B GRADE: 9 (33%)

2016 NATIONAL BLUE RIBBON SCHOOLS IN THE CAPITAL REGION MADISON PREPARATORY ACADEMY (high school)

ST. GEORGE SCHOOL (elementary school)

1555 Madison Ave., Baton Rouge | Total number of students: 450 Nomination category: Exemplary Achievement Gap Closing Schools

7880 Saint George Drive, Baton Rouge | Total number of students: 1,101 Nomination category: Exemplary High Performing Schools

ST. JOSEPH’S ACADEMY (high school)

ST. THOMAS MORE CATHOLIC SCHOOL (elementary school)

3015 Broussard St., Baton Rouge | Total number of students: 1,070 Nomination category: Exemplary High Performing Schools

11400 Sherbrook Drive, Baton Rouge | Total number of students: 697 Nomination category: Exemplary High Performing Schools SOURCE: U.S. Department of Education

BUSINESS REPORT, February 28, 2017 | BusinessReport.com

Colleges in the Capital Region Southern University and A&M College

Southeastern Louisiana University Baton Rouge Community College

LSU

Digital & IP Telephone Systems - Hosted Solutions School Intercom Systems - Wireless Access Points Nurse Call Systems - Voice, Data & Fiber Optic Cabling

Northshore Technical Community College (Hammond campus)

Our Lady of the Lake College

River Parishes Community College

TOP 10 CAPITAL REGION SCHOOLS IN 2016 1. Baton Rouge Magnet High School (136.1 performance score) 2. LSU Laboratory School (134.2) 3. Westdale Heights Academic Magnet School (130.9) 4. Sherwood Middle Academic Academy (127.4) 5. Baton Rouge Foreign Language Academy Immersion Magnet (122.5) 6. Dutchtown High School (120.1) 7. Mayfair Laboratory School (119.5) 8. Juban Parc Elementary School (117.6) 9. Dutchtown Middle School (117)

Degrees offered in 2015-2016 by public colleges in Louisiana

Diploma: 2,589 Certificates: 6,679 Associates: 6,183 Post-associate certificate: 23 Bachelor’s: 18,516 Post-bachelor certificate: 190 Master’s: 5,261 Post-master’s certificate: 20 Doctoral: 574 Post-doctoral certificate: 0 Specialist: 28 Other: 1,056

TOTAL: 41,203

10. Prairieville Middle School (116.8) SOURCE: Louisiana Department of Education

SOURCE: Louisiana Board of Regents

Education by the numbers

11.9%

16.1%

33.7%

College enrollment among Louisiana residents

Share of Louisiana residents with a bachelor’s degree

SOURCE: U.S. Census Bureau

Share of Capital Region residents with at least an associate degree SOURCE: Lumina Foundation

44.7%

77.5%

135

Percentage of Louisiana’s workingage population (25-64) with a quality postsecondary credential

2014-2015 Louisiana high school graduation rate, an all-time high

2017 LSU national ranking (No. 64 [tie] among public colleges and universities)

SOURCE: Lumina Foundation

SOURCE: Louisiana Department of Education

SOURCE: Best Colleges and Universities, U.S. News and World Reports, 2017 edition

(tie)

Daily-Report.com | BUSINESS REPORT, February 28, 2017

THE REGION

COURTESY PORT OF GREATER BATON ROUGE

2017 FACTBOOK

AROUND THE WORLD

INTERNATIONAL TRADE IN THE CAPITAL REGION is booming. Exported goods from the Baton Rouge area have grown by 96%—or $3.2 billion—between 2009 and 2015, according to the International Trade Administration, which ranks Baton Rouge as the 44th largest exporter in the nation. In 2015, the metro area’s total export value hit $6.5 billion. Petroleum and coal products top the list of goods shipped from Baton Rouge, and our southern neighbor, Mexico, is the area’s No. 1 export market. The Capital Region benefits from free trade agreements, such as the

North American Free Trade Agreement and the Trans-Pacific Partnership, according to the ITA, which reports 42% of Baton Rouge area exports in 2015 went to the 20 countries with which the U.S. has free trade agreements. And the Capital Region economy is highly dependent on exporting. An analysis by the Brookings Institution released in January shows exports account for 24.3% of the Baton Rouge metro area’s gross domestic product—which ranks the Capital Region No. 1 in the nation among the top 100 metro areas for reliance on exports.

TOP INDUSTRIES BY VALUE OF EXPORTS

$1.35

BILLION Petroleum and coal products CANADA

$412

BELGIUM

$373 million

$578 million

MEXICO

CHINA

$1.05 BILLION

GUATEMALA $122 MILLION

$496 million

MILLION Primary metal manufactures

ARGENTINA $165 million

TOP BATON ROUGE AREA EXPORT MARKETS SOURCES: International Trade Administration, Brookings Institution

BUSINESS REPORT, February 28, 2017 | BusinessReport.com

Agriculture products

$98

BRAZIL $356 million

MILLION

CAPITAL REGION EXPORTS

BY THE NUMBERS

BILLION

16%

42,305

Share of all Louisiana exports shipped from Baton Rouge

468

Direct and indirect jobs supported by exporting in Baton Rouge

Number of small- and medium-sized goods exporters in Baton Rouge in 2014

Total export value of Baton Rouge goods in 2015

11.3%

Average annual growth in Baton Rouge exports over the past decade

BRIAN BAIAMONTE

6.5

COURTESY PORT OF GREATER BATON ROUGE

Tug boats at the Port of Greater Baton Rouge.

Rail cars are loaded at the Molasses Terminal operated by Westway Terminal IssueatDate: Company the Port of2.28.17 Greater Baton Ad Rouge.proof #1

The Port of Greater Baton Rouge.

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Daily-Report.com | BUSINESS REPORT, February 28, 2017

2017 FACTBOOK

THE REGION

SMALL BUSINESS

Size of businesses in Capital Region by industry

INDUSTRY

MICRO <20 employees

20-99 employees

100-499 employees

>500 employees

Accommodation and food services (1,196)

798 (66.7%)

276 (23.1%)

44 (3.7%)

78 (6.5%)

Administrative, support, waste management & remediation services (781)

569 (72.9%)

111 (14.2%)

38 (4.9%)

63 (8%)

Agriculture, forestry, fishing and hunting (42)

32 (76.2%)

6 (14.3%)

1 (2.4%)

3 (7.1%)

Arts, entertainment and recreation (228)

170 (74.6%)

43 (18.8%)

10 (4.4%)

5 (2.2%)

Construction (1,417)

1,184 (83.6%)

157 (11.1%)

43 (3%)

33 (2.3%)

Educational services (236)

154 (47.2%)

54 (22.9%)

15 (6.4%)

13 (5.5%)

Finance and insurance (814)

611 (75%)

55 (6.8%)

42 (5.2%)

106 (13%)

Health care and social assistance (1,624)

1,232 (75.9%)

250 (15.4%)

83 (5.1%)

59 (3.6%)

Information (152)

93 (61.2%)

16 (10.5%)

9 (5.9%)

34 (22.4%)

Management of companies and enterprises (94)

9 (9.6%)

17 (18%)

23 (24.5%)

45 (47.9%)

Manufacturing (550)

350 (63.3%)

93 (16.9%)

34 (6.2%)

73 (13.3%)

Mining, quarrying, and oil and gas extraction (78)

54 (69.2%)

9 (11.5%)

4 (5.1%)

11 (14.1%)

Other services (except public administration) (1,713)

1,497 (87.4%)

136 (7.9%)

27 (1.6%)

53 (3.1%)

Professional, scientific and technical services (2,098)

1,810 (86.3%)

150 (7.1%)

49 (2.3%)

89 (4.2%)

Real estate, rental and leasing (674) 556 (82.5%)

42 (6.2%)

23 (3.4%)

53 (7.9%)

Retail trade (1,932) 1,435 (74.3%)

209 (10.8%)

48 (2.5%)

240 (12.4%)

Transportation and warehousing (441)

279 (63.2%)

46 (10.4%)

27 (6.1%)

89 (20.2%)

Utilities (24)

11 (45.8%)

5 (20.8%)

4 (16.7%)

Wholesale trade (873)

507 (58.1%)

151 (17.3%)

74 (8.5%)

141 (16.1%)

(Number of establishments)

SOURCE: U.S. Census Bureau

WHILE BIG BUSINESSES often get much more ink and public attention, small businesses are truly the lifeblood of the Baton Rouge economy. As the figures below show, the majority of businesses in every industry here have fewer than 20 employees, and many more have fewer than 100. Of the nearly 15,000 firms in the Capital Region, about 11,350—76%—have fewer than 20 people on their teams, and another 12% have 99 or less employees.

BUSINESS REPORT, February 28, 2017 | BusinessReport.com

SMALL MEDIUM LARGE

Some industry percentages do not add up to 100% due to rounding.

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THE REGION

JORDAN HEFLER/BATON ROUGE BLUES FESTIVAL

2017 FACTBOOK

DOWN BY THE RIVER: A crowd takes in the show at the Foundation Stage as the sun goes down on the 2016 Baton Rouge Blues Festival.

DON KADAIR

Conventions and entertainment

HOSPITALITY

301

Number of conventions and meetings held in 2016

DOWNTOWN BATON ROUGE continued to see its hospitality sector expand in 2016, with the opening of The Watermark Baton Rouge hotel at 150 Third St. in early October, followed a week later by the groundbreaking of the Courtyard Marriott just steps away on Third, at the corner of Florida Street. The Watermark not only brought 144 additional rooms to downtown, but also two more restaurants, The Gregory and Milford’s on Third. When it opens later this year, the Courtyard Marriott will bring another 135 rooms to downtown, and Starbucks has signed on to open on the ground floor of the development. According to the Downtown Development District, $107 million has been invested in hotels in the area since 2010, and there are now nearly 1,200 rooms downtown. But it’s not only downtown Baton Rouge that provides visitors with a wealth of varied lodging options. The Capital Region is also home to three casinos and a number of resorts.

• Crowne Plaza, 294 rooms • Belle of Baton Rouge Casino & Hotel, 288 rooms • Hilton Baton Rouge Capitol Center, 290 rooms • L’Auberge Casino & Hotel, 205 rooms • The Renaissance, 256 rooms • Baton Rouge Marriott, 299 rooms • Holiday Inn Baton Rouge South, 334 rooms • The Cook Hotel and Conference Center at LSU, 128 rooms • The Clarion Inn and Conference Center, 163 rooms • Watermark Baton Rouge, 144 rooms • Hampton Inn & Suites Downtown Baton Rouge, 137 rooms

• Pete Maravich Assembly Center, 14,840 total capacity and five meeting rooms • Raising Cane’s River Center, 10,000 total capacity and 17 meeting rooms • Lamar-Dixon Expo Center, 3,500 total capacity and 10 meeting rooms • Crowne Plaza, 2,530 total capacity and 17 meeting rooms • L’Auberge Casino & Hotel, 1,750 total capacity and five meeting rooms • Belle of Baton Rouge Casino & Hotel, 1,700 total capacity and nine meeting rooms • Hilton Baton Rouge Capitol Center, 1,500 total capacity and 13 meeting rooms • Nottoway Plantation & Resort, 1,232 total capacity and eight meeting rooms • The Cook Hotel and Conference Center at LSU, 1,059 total capacity and eight meeting rooms • LSU Museum of Art, 1,000 total capacity and four meeting rooms • Baton Rouge Marriott, 1,000 total capacity and 25 meeting rooms • The Renaissance, 1,000 total capacity and 13 meeting rooms

BUSINESS REPORT, February 28, 2017 | BusinessReport.com

• The Capital Park Museum, 1,000 total capacity and three meeting rooms • West Baton Rouge Conference Center, 882 total capacity and nine meeting rooms • Boudreaux’s Catering, 800 total capacity and one meeting room • The Lyceum Meeting and Event Center, 600 total capacity and two meeting rooms • Ashley Manor Catering, 500 total capacity and two meeting rooms • Drusilla Place Catering, 500 total capacity and nine meeting rooms • Louisiana’s Old State Capitol, 500 total capacity and two meeting rooms • Old Governor’s Mansion, 450 total capacity and two meeting rooms • Reflections, 400 total capacity and one meeting room • The River Terrace at Shaw Center for the Arts, 400 total capacity and one meeting room • White Oak Plantation, 350 total capacity and three meeting rooms • Manship Theatre, 325 total capacity and three meeting rooms

Number of attendees at conventions and meetings in 2016

$5,239,763 Net occupancy tax collections for area hotels in 2016

102,769 Room nights booked at area hotels in 2016

SOURCE: Visit Baton Rouge

COURTESY LOUISIANA MARATHON

Meeting and exhibition facilities

FILE PHOTO

Major hotels and resorts

170,399

Issue Date: 1.17.17 Ad proof #1

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NOTHING BUT THE BLUES: Buddy Guy performs at the 2016 Baton Rouge Blues Festival.

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On the calendar Baton Rouge Bicentennial | 2017 Baton Rouge officially celebrated its 200th birthday on Jan. 17, but events tied to the bicentennial will continue to be announced throughout the year. You can find the updated schedule of events at www.BatonRouge200.com. Baton Rouge Blues Festival | April 8-9 Originating in 1981, the Baton Rouge Blues Festival is one of the oldest free blues festivals in America. 2016 was a milestone year for the event, which drew an estimated 50,000 people to downtown for the two-day festival, which featured 39 performers on four stages and dozens of food and art vendors. Overall festival revenues—which benefit the Baton Rouge Blues Foundation, the nonprofit group that puts on the annual event—spiked 73% last year.

2017 USBC Women’s Championships | April 23-July 9 Each year, more than 20,000 bowlers compete at the USBC Women’s Championships, the world’s largest participatory sporting event for women. This year, the event will be held over 11 weeks at the Raising Cane’s River Center. The last time Baton Rouge hosted a USBC championship event, the 2012 Open Championships, the 151-day event brought $113.2 million in spending revenue to the city, according to a study commissioned by Visit Baton Rouge. The USBC Open Championships will return to Baton Rouge in 2025.

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Sporting events The Baton Rouge Area Sports Foundation broke its own annual economic impact record in 2016—and the numbers may keep going up this year. The foundation says it helped generate an estimated economic impact of $38.3 million in the Capital Region in 2016, breaking its year-old record of nearly $34.2 million the year previous. The foundation also says it helped bring more than 117,000 athletes to the Baton Rouge area via events it either hosted or lured here. The Capital City will host a number of high-profile events this year, including the USBC Women’s Championships, NCAA Women’s Bowling Championships, USA Track & Field Masters Outdoor Championships, Marucci Baseball World Series and Triple Crown Sports Southwest National fast-pitch softball tournament.

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Daily-Report.com | BUSINESS REPORT, February 28, 2017

2017 FACTBOOK

PARISH PROFILES

EAST BATON ROUGE EAST BATON ROUGE PARISH

POPULATION

LOUISIANA

446,753

2015 ESTIMATE % CHANGE 4/2010 - 7/2015

4,670,724

+1.5%

+3.0%

TOP EMPLOYERS NO. OF EMPLOYEES

Turner Industries Group LSU System Performance Contractors < 18 YRS.

22.8% 23.9%

192,436 2,024,645 HOUSING UNITS 2015

> 65 YRS. 12.8% 14%

59.7%

HOMEOWNERSHIP RATE 2011-2015 59.7% 66%

BUSINESS QUICK FACTS 58

WHITE

48.8% 63.2%

BLACK

46.1% 32.5%

$170,500 $49,285 $144,100 $45,047 MEDIAN VALUE OF OWNER-OCCUPIED HOUSING UNITS 2011-2015

MEDIAN HOUSEHOLD INCOME 2011-2015

FEMALE

52.1% 51.1%

34.1%

Our Lady of the Lake Regional Medical Center

ExxonMobil Corporation Baton Rouge General Medical Center Parish Water Company AT&T CB&I Excel Group

9,875 6,250 5,500 4,500 4,214 4,000 3,196 3,000 2,500 2,500

BACHELORâ&#x20AC;&#x2122;S DEGREE OR HIGHER PERSONS 25+ 34.1% 22.5%

12,063 104,975

249,880 1,717,797

0.1% 1.8%

37,127 357,815

1,475 13,830

455.37 43,203.90

Total employer establishments, 2014

Total employment, 2014

Total employment, percent change, 2013-2014

Total nonemployer establishments, 2014

Building permits, 2015

Land area, square miles, 2010

BUSINESS REPORT, February 28, 2017 | BusinessReport.com

SOURCES: U.S. Census Bureau State and County QuickFacts, Baton Rouge Area Chamber, Pinnacle Entertainment

Grow

with purpose

ASCENSION ASCENSION PARISH POPULATION POPULATION

% CHANGE

2015 ESTIMATE

4/2010 - 7/2015

compete with strength

119,455 +11.4% TOP EMPLOYERS

Parish State

NO. OF EMPLOYEES

< 18 YRS.

27.5% 23.9%

WHITE

73.6% 63.2%

BLACK

23.1% 32.5%

45,024

> 65 YRS. 10.5% 14%

FEMALE

50.6% 51.1%

80.4%

HOUSING UNITS 2015 HOMEOWNERSHIP RATE 2011-2015

$168,600

$70,551

MEDIAN VALUE OF OWNER-OCCUPIED HOUSING UNITS

MEDIAN HOUSEHOLD INCOME

2011-2015

Ascension Parish School Board BASF Corporation Wal-Mart Shell Chemical LeBlanc’s Food Stores EATEL CF Industries Ascension Parish Government

2,715 1,047 700 650 600 530 475 472

BUSINESS QUICK FACTS 2,133 Total+1.6% Total employment, employment, percent 2014

change, 2013-2014

36,244 Total employer

8,222

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Total nonemployer establishments, 2014

establishments, 2014

2011-2015

853

Building permits, 2015

26%

BACHELOR’S DEGREE OR HIGHER PERSONS 25+

289.98 Land area in square miles, 2010

SOURCES: U.S. Census Bureau State and County QuickFacts, Baton Rouge Area Chamber, Ascension Economic Development, 2016

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Daily-Report.com | BUSINESS REPORT, February 28, 2017

2017 FACTBOOK

PARISH PROFILES

EAST FELICIANA

IBERVILLE

EAST FELICIANA PARISH POPULATION

IBERVILLE PARISH

% CHANGE

2015 ESTIMATE

POPULATION

4/2010 - 7/2015

19,696 -2.8%

NO. OF EMPLOYEES

< 18 YRS.

19.3% 23.9%

WHITE

53.8% 63.2%

BLACK

44% 32.5%

8,166

> 65 YRS. 16.5% 14%

FEMALE

46.1% 51.1%

81.6%

HOUSING UNITS 2015 HOMEOWNERSHIP RATE 2011-2015

$127,100

$45,520

MEDIAN VALUE OF OWNER-OCCUPIED HOUSING UNITS

MEDIAN HOUSEHOLD INCOME

2011-2015

Louisiana Dept. of Health and Hospitals Dixon Correctional Institute Villa Feliciana Hospital East Louisiana State Mental Health System Feliciana Home Health Veterans Affairs Department Louisiana War Veterans Home Grace Health & Rehab Center

600 459 450 250 200 200 183 140

BUSINESS QUICK FACTS 3,381 Total+2.3% Total employment, employment, percent 2014

TOP EMPLOYERS

Parish State

NO. OF EMPLOYEES

< 18 YRS.

21.3% 23.9%

WHITE

49.5% 63.2%

BLACK

48.8% 32.5%

13,097

249

1,295

Total nonemployer establishments, 2014

2011-2015

> 65 YRS. 14% 14%

FEMALE

49.1% 51.1%

74.6%

HOUSING UNITS 2015

change, 2013-2014

Total employer establishments, 2014

HOMEOWNERSHIP RATE 2011-2015

$112,700

$45,117

MEDIAN VALUE OF OWNER-OCCUPIED HOUSING UNITS

MEDIAN HOUSEHOLD INCOME

BACHELOR’S DEGREE OR HIGHER PERSONS 25+

BUSINESS REPORT, February 28, 2017 | BusinessReport.com

453.41 Land area in square miles, 2010

Dow Chemical La. Dept. of Public Safety and Corrections Syngenta Crop Protection Axiall Maintenance Enterprises Crown Enterprises Diamond Plastics Corp. Louisiana State University System

2014

change, 2013-2014

523

2,270

Total employer establishments, 2014

Total nonemployer establishments, 2014

105

Building permits, 2015

13.1%

BACHELOR’S DEGREE OR HIGHER PERSONS 25+

SOURCES: U.S. Census Bureau State and County Quick Facts, Baton Rouge Area Chamber

2,200 1,200 700 300 300 250 250 205

BUSINESS QUICK FACTS 10,289 Total +5.20% Total employment, employment, percent

2011-2015

Building permits, 2015

12.3%

4/2010 - 7/2015

33,095 -0.9%

TOP EMPLOYERS

Parish State

% CHANGE

2015 ESTIMATE

618.63 Land area in square miles, 2010

LIVINGSTON

POINTE COUPEE

LIVINGSTON PARISH POPULATION

POINT COUPEE PARISH

% CHANGE

2015 ESTIMATE

POPULATION

4/2010 - 7/2015

137,788 +7.6%

NO. OF EMPLOYEES

< 18 YRS.

26.2% 23.9%

WHITE

91.1% 63.2%

BLACK

6.6% 32.5%

54,438

> 65 YRS. 12% 14%

FEMALE

50.7% 51.1%

80.1%

HOUSING UNITS 2015 HOMEOWNERSHIP RATE 2011-2015

$152,600

$58,251

MEDIAN VALUE OF OWNER-OCCUPIED HOUSING UNITS

MEDIAN HOUSEHOLD INCOME

2011-2015

1,153 602 400 330 200 200 180 180

Wal-Mart CB&I Bass Pro Ferrara Fire Apparatus Our Lady of the Lake Livingston Waste Management Holdings Deltak Manufacturing Sam’s Club

BUSINESS QUICK FACTS 19,878 Total+2.2% Total employment, employment, percent 2014

TOP EMPLOYERS

Parish State

NO. OF EMPLOYEES

< 18 YRS.

22.6% 23.9%

WHITE

62.4% 63.2%

BLACK

35.7% 32.5%

11,337

1,694

9,173

Total nonemployer establishments, 2014

2011-2015

747

> 65 YRS. 18.7% 14%

FEMALE

51.8% 51.1%

76.9%

HOUSING UNITS 2015

change, 2013-2014

Total employer establishments, 2014

HOMEOWNERSHIP RATE 2011-2015

$115,800

$43,825

MEDIAN VALUE OF OWNER-OCCUPIED HOUSING UNITS

MEDIAN HOUSEHOLD INCOME

BACHELOR’S DEGREE OR HIGHER PERSONS 25+

648.17 Land area in square miles, 2010

NRG Energy Co. (Louisiana Generating LLC) Nan Ya Plastics Corporation Pointe Coupee General Hospital Louisiana Department of Military Affairs Wal-Mart Lakeview Manor Inc. Winn-Dixie #1572, New Roads Trinity Lightweight

390 300 200 136 135 125 110 100

BUSINESS QUICK FACTS 4,244 Total+1.9% Total employment, employment, percent 2014

change, 2013-2014

359

1,499

Total employer establishments, 2014

Total nonemployer establishments, 2014

2011-2015

Building permits, 2015

18.3%

4/2010 - 7/2015

22,251 -2.4%

TOP EMPLOYERS

Parish State

% CHANGE

2015 ESTIMATE

Building permits, 2015

13.4%

BACHELOR’S DEGREE OR HIGHER PERSONS 25+

SOURCES: U.S. Census Bureau State and County QuickFacts QuickFacts, Baton Rouge Area Chamber

557.35 Land area in square miles, 2010

Daily-Report.com | BUSINESS REPORT, February 28, 2017

2017 FACTBOOK

BUSINESS BANKING MADE BRILLIANT

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10,567

-5.7%

NO. OF EMPLOYEES

< 18 YRS.

WHITE

45.1% 63.2%

BLACK

52.7% 32.5%

5,163

> 65 YRS. 18.2% 14%

FEMALE

85.1%

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BUSINESS REPORT, February 28, 2017 | BusinessReport.com

BUSINESS QUICK FACTS 1,208 Total employment, +5.4percent Total employment, 2014

HOMEOWNERSHIP RATE 2011-2015

$78,400

$35,437

MEDIAN VALUE OF OWNER-OCCUPIED HOUSING UNITS

MEDIAN HOUSEHOLD INCOME

2011-2015

change, 2013-2014

112

Total employer establishments, 2014

BACHELOR’S DEGREE OR HIGHER PERSONS 25+

783

Total nonemployer establishments, 2014

Building permits, 2015

408.4 10%

250 100 75 58 55 50

St. Helena Hospital Southland Steel Fabricators Inc. St. Helena Nursing Home Cal-Maine Foods Inc. Paul Davis Inc. Amerchol Corporation

51.3% 51.1%

HOUSING UNITS 2015

InvestarBank.com

4/2010 - 7/2015

TOP EMPLOYERS

Parish State 21.9% 23.9%

Detailed monthly analysis statements tailored to your business, upon request

% CHANGE

2015 ESTIMATE

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POPULATION

Land area in square miles, 2010

SOURCES: U.S. Census Bureau State and County QuickFacts, Baton Rouge Area Chamber

WEST BATON ROUGE

WEST FELICIANA

WEST BATON ROUGE PARISH POPULATION

WEST FELICIANA PARISH

% CHANGE

2015 ESTIMATE

POPULATION

4/2010 - 7/2015

25,490 +7.2%

NO. OF EMPLOYEES

< 18 YRS.

24.6% 23.9%

WHITE

59.2% 63.2%

BLACK

38.8% 32.5%

10,297

> 65 YRS. 12.2% 14%

FEMALE

50.9% 51.1%

70.5%

HOUSING UNITS 2015 HOMEOWNERSHIP RATE 2011-2015

$162,500

$53,703

MEDIAN VALUE OF OWNER-OCCUPIED HOUSING UNITS

MEDIAN HOUSEHOLD INCOME

2011-2015

Scaffolding Rental & Erection Services Turner Industries Group Piping Petrin Corporation Wal-Mart Westgate Electrical & Instrumentation Shintech Placid Refining Company LLC

460 425 375 350 350 222 210

BUSINESS QUICK FACTS 10,980 Total -0.7% employment, percent Total employment, change, 2013-2014

2014

542

1,603

Total employer establishments, 2014

Total nonemployer establishments, 2014

2011-2015

245

NO. OF EMPLOYEES

< 18 YRS.

16.3% 23.9%

WHITE

53.2% 63.2%

BLACK

45.4% 32.5%

5,293

> 65 YRS. 13.4% 14%

FEMALE

34.2% 51.1%

76%

HOUSING UNITS 2015 HOMEOWNERSHIP RATE 2011-2015

$188,200

$56,685

MEDIAN VALUE OF OWNER-OCCUPIED HOUSING UNITS

MEDIAN HOUSEHOLD INCOME

2011-2015

BACHELOR’S DEGREE OR HIGHER PERSONS 25+

192.39 Land area in square miles, 2010

-1.5

TOP EMPLOYERS

Parish State

Louisiana State Penitentiary Entergy Operations Inc. West Feliciana Parish School District KPAQ Industries LLC Fordice Construction Co. St Francisville Country Manor Neuromedical Center The Bluffs Limited Partnership

1,500 700 410 200 150 150 130 100

BUSINESS QUICK FACTS 2,668 Total+0.1% employment, percent Total employment, change, 2013-2014

2014

187

785

Total employer establishments, 2014

Total nonemployer establishments, 2014

2011-2015

Building permits, 2015

19.7%

4/2010 - 7/2015

15,383

TOP EMPLOYERS

Parish State

% CHANGE

2015 ESTIMATE

Building permits, 2015

21.6%

BACHELOR’S DEGREE OR HIGHER PERSONS 25+

SOURCES: U.S. Census Bureau State and County QuickFacts, Baton Rouge Area Chamber, West Baton Rouge Chamber of Commerce

403.21 Land area in square miles, 2010

Daily-Report.com | BUSINESS REPORT, February 28, 2017

2017 FACTBOOK

BUSINESS RESOURCE GUIDE

GETTING DOWN TO BUSINESS

Everything you need to know about starting a company in Louisiana.

1. CHOOSE A STRUCTURE

and filing articles with the secretary of state. It is designed to provide the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership. • Foreign corporation: A corporation organized outside the state may obtain a certificate of authority in Louisiana by filing an application with the secretary of state’s corporations section and by appointing a registered agent.

One of the first steps in forming any new business is determining the type of business structure you will use. There are several options, including sole proprietorship, partnership, corporation, limited liability company and limited liability partnership. Each has advantages and disadvantages—and tax consequences. You may wish to consult a tax practitioner, accountant, attorney or other resource. To operate in Louisiana, register as one of the following: • Individual or sole proprietorship: A A business plan defines your business business where only you, or your spouse, and identifies your goals. Components own the business, even though you may include a current and pro forma balance have employees. sheet, income statement and cash flow • Partnership: A business where two or analysis. Start with the Small Business more people own the business jointly. Development Center nearest you. • Corporation: A business treated by Coordinating and law as an entity. It has a life separate from its owners or stockholders. Issue Date: 2.28.16 Ad proof #1Development Corp. What: Publishes a business plan guide. ••Limited liability company: Please respond by e-mail or fax with An yourentity approval or minor revisions. that an RUN unincorporated association • AD is WILL AS IS unless approval or final revisions Phone: 318-632-2022 are received by more the close of business today. Web: cdconline.org having one or members organized

2. DEVELOP A BUSINESS PLAN

• Additional revisions must be requested and may be subject to production fees.

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Dixie Business Center What: Offers free counseling and business plan guides Phone: 225-655-0809 Web: dixiebusinesscenter.org Louisiana Economic Development What: Publishes a resource guide. Phone: 225-342-3000 Web: opportunitylouisiana.com LSBDC at Southern University Baton Rouge What: Publishes a business plan guide. Phone: 225-774-9213 Web: lsbdc.org LSBDC Technology Center What: Publishes a business plan guide and assists in developing a personal business plan. Phone: 225-578-4842 Web: lsbdc.org LSU’s Stephenson Entrepreneurship Institute What: Offers business plan guide and management consultation Phone: 225-578-0313 Web: business.lsu.edu/ Stephenson-Entrepreneurship-Institute

Small Business Administration What: Publishes a business plan guide. Phone: 504-589-6685 Web: sba.gov UEP Gulf Coast What: Provides training and coaching to entrepreneurs Phone: 225-383-1326 Web: uepinc.org

3. CHOOSE A NAME

Before you submit articles of incorporation and organization or trade names, conduct a preliminary check of the corporation or trade name. If the name you want is available, formally reserve it with the Secretary of State’s Office or wait for confirmation of your filing before obtaining stationery, business cards, phone listings, etc. Secretary of State What: Preliminary checks and formal reservations for corporation or trade name. Names can be reserved for a fee of $25 and a period of 60 days. Two 30-day extensions are available upon request. Phone: 225-925-4704 Web: sos.louisiana.gov

Service Corps of Retired Executives [SCORE] What: Publishes a guide and hosts Note: Existing businesses coming workshops, which aids in developing a from out of state with a trade name/ business plan. trademark/service mark filed with the Issue Date: 1/31/17 Ad proof #3 Phone: 225-381-7130 U.S. Patent and Trademark Office should • Please respond by e-mail or fax with your approval or minor revisions. Web: batonrougearea.score.org/ contact an attorney. Filings with the state • AD WILL RUN AS IS unless approval or final revisions are not cross-checked. are received by the close of business today. • Additional revisions must be requested and may be subject to production fees.

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BUSINESS REPORT, February 28, 2017 | BusinessReport.com

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4. REGISTER YOUR BUSINESS

Registration is required on local and state levels for businesses before they can operate. East Baton Rouge Clerk of Court What: Registration is required in the parish where an entity is doing business for unincorporated businesses such as sole proprietorships. Phone: 225-389-3960 Web: ebrclerkofcourt.org Louisiana Department of Revenue What: Registration is required for any business engaging in sales of any kind. Phone: 855-307-3893 Web: rev.louisiana.gov Office of the Secretary of State What: Registration is required for corporations, partnerships and limited liability companies. Phone: 225-925-4704 Web: sos.louisiana.gov

City-Parish Finance Department Revenue Division What: Contact for information regarding local sales tax policies and requirements. Phone: 225-389-3061 Web: brgov.com/Dept/finance/ Internal Revenue Service What: EINs for those businesses needing to file form SS-4, Application for Employer Identification Number. Information is also available on income tax withholding and federal unemployment tax forms. Phone: 225-343-8625 Web: irs.gov Louisiana Department of Revenue and Taxation What: Contact for state sales tax registration, state ID number and income tax withholding. Phone: 219-7356 [sales] 219-0102 [income] Web: rev.louisiana.gov

SELECT A LOCATION 5. OBTAIN AN EIN AND TAX INFO 6. Consider the nature of your service An employer identification number, or EIN, is also known as a taxpayer identification number, or TIN. A sole proprietorship that has no employees (and files no excise or pension tax returns) and an LLC with a single owner (where the owner will file employment tax returns) are the only businesses that do not need an employer identification number. The sole proprietor uses his or her Social Security number. All other businesses must apply for a federal EIN.

or product and your target market when choosing a location. While retail businesses may desire visibility or easy access for walk-in trade, wholesalers and distributors typically need more space at a lower cost per square foot and truck or loading access. Business and professional services tend to look for office buildings or professional centers. You can find searchable databases

online with information on available properties. Certificates of occupancy are also issued by the local or parish government upon determination your type of business is located in the proper zone. Local municipalities require mandatory zoning clearance/inspections, along with a businessâ&#x20AC;&#x2122;s physical address. Physical address, survey map, legal description of property, scale of layout proposal and various fees are required for application to change zoning. City of Baker Inspections Division Phone: 225-778-0850 [Inspections Division], 225-775-5584 [Public Works] Web: cityofbakerla.com/inspections. html City of Central Municipal Services Phone: 225-262-5000 Web: centralgov.com East Baton Rouge Department of Public Works Inspections Division Phone: 225-389-3226 [Inspections Division], 225-389-3158 [Public Works] Web: brgov.com/dept/dpw/inspections City of Zachary Inspections Division Phone: 225-654-6873 [Inspections] Web: cityofzachary.org/inspections Louisiana Economic Development What: Provides databases on sites and buildings, parishes and communities, geospatial data, geographic suitability and featured megasites. Phone: 225-342-3000 Web: opportunitylouisiana.com

7. OBTAIN PERMITS/LICENSES

Proper federal, state and local business licenses and permits allowing a legal entity to operate in Louisiana must be obtained before the start of business, including permits, occupational licenses and certificates of occupancy. Geauxbiz.com What: Streamlines registration, licensing, permitting and tax process and can direct you to the proper state and local licensing and taxing authorities. Phone: 225-925-4704 Web: sos.la.gov

ENVIRONMENTAL Department of Environmental Quality What: A range of licenses and permits is granted to businesses in compliance with state and federal regulations. Its Small Business Assistance Program is a non-regulatory, non-enforcement program to help business owners comply with state and federal regulations. Phone: 225-219-3263 Web: deq.louisiana.gov/portal Environmental Protection Agency What: Oversees all federal environmental legislation and has jurisdiction over the issuance of various permits and licenses, though this jurisdiction does not extend over all states for all matters. Phone: 214-665-2200 or toll-free 800-887-6063 Web: epa.gov

Daily-Report.com | BUSINESS REPORT, February 28, 2017

2017 FACTBOOK

BUSINESS RESOURCE GUIDE

Office of Environmental Services What: Oversees permits, licenses, registrations, certifications, authorizations, pre-permit meetings, small business assistance, customer assistance, outreach, complaints, and community relations. Phone: 225-219-3181 Web: deq.louisiana.gov/portal/ tabid/2229/Default.aspx

FOOD/BEVERAGE

Businesses selling alcohol must contact the appropriate local office for requirements and fees. City of Baker ABC Office Phone: 225-778-1751 East Baton Rouge Parish Attorney’s Office of Alcoholic Beverage Control Phone: 225-389-3364 Web: brgov.com/dept/parishattorney/ abc.htm East Baton Rouge Parish Health Unit Sanitation Section What: Business address, zoning clearance and fees are required from businesses that will sell food and/or alcohol. Phone: 225-242-4860, ext. 5 Web: dhh.louisiana.gov/index.cfm/ page/632/n/228

GENERAL

Local occupational license determined by type of business. Requirements include picture ID and corporate charter/ partnership agreement and fees, which vary. City of Baker Finance Department Phone: 225-778-1751 Web: cityofbakerla.com/finance.html City of Central Municipal Services Phone: 225-262-5000 Web: centralgov.com/Depts/PZ/ licenses.html East Baton Rouge Parish Finance Department Revenue Division Phone: 225-389-3084 Web: brgov.com/Dept/finance/ Occupational Safety and Health Administration What: Requires no licenses or permits, but employers must display a poster describing relevant rights and responsibilities. Most employers must keep a log of work-related injuries and illnesses, accessible to employees. Phone: (202) 693-1999 Web: osha.gov

HOSPITAL/NURSING HOME/CHILD CARE

Office of Alcohol and Bureau of Health Services Financing Tobacco Control What: Certificates of need are What: Any business selling beer, liquor prerequisites for the issuance of a Issue Date: 2.2.16 Ad proof #1 or tobacco must obtain a state alcoholic hospital or nursing home license. • Please respond by e-mail or faxlicense. with your approval or minor revisions. beverage and/or tobacco • AD WILL225-925-4041 RUN AS IS unless approval or final revisions Phone: 225-342-3543 Phone: Web: la.gov are received by the close of business today. Web: atc.rev.state.la.us

Department of Social Services What: Licenses are required before a day care center may open. Phone: 225-342-0286 Web: dss.state.la.us/ Louisiana Department of Health and Hospitals, Division of Health Standards What: State licensing is required before a hospital or nursing home may open. Phone: 225-342-0415 Web: dhh.louisiana.gov/

8. OBTAIN FINANCING

If you are a small business and are unable to obtain sufficient funding through personal sources, the U.S. Small Business Administration offers several types of loans, including those made by private lenders [usually banks] that are guaranteed by the SBA. The SBA is not a bank, but extends guarantees or participation when a bank is unable or unwilling to provide entire financing. Prior to applying for financial assistance, a prospective small business owner must prepare a business plan—which should identify a market—choose a location, determine capital requirements, project cash flow, establish a credit rating and outline the nature and principles of the business. Loans, venture capital and financing programs are also provided by various state and local agencies.

Gulf Coast BIDCO What: Limited-purpose bank [business and industrial development corporation] that makes business loans but does not take deposits or lend to individuals. Phone: 225-922-7717 Source BIDCO Corp. What: Limited-purpose bank [business and industrial development corporation] that makes business loans but does not take deposits or lend to individuals. Phone: 225-922-7411 Downtown Development District What: Offers programs to encourage businesses to move downtown, including Downtown Low Interest Loan Program, Historic Rehabilitation Tax Credit, Five-Year Property Tax Abatement on Improvement to Structures, Downtown Storefront Grant Program and Economic Development Zone. Phone: 225-389-5520 Web: downtownbatonrouge.org Louisiana Economic Development What: Provides financial guidance for a wide variety of business loan programs and venture capital opportunities. Phone: 225-342-3000 Web: opportunitylouisiana.com East Baton Rouge Parish Office of Community Development What: Coordinates municipal programs designed to foster community and business development, including administration of the Restoration Tax Abatement Program, a state program

• Additional revisions must be requested and may be subject to production fees.

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allowing businesses that fix up old buildings to pay property taxes at the pre-approved rate for at least five years. Phone: 225-389-3039 Web: brgov.com/dept/ocd/ Rural Development State Office What: Finances programs that provide leadership in building competitive businesses and sustainable cooperatives; help build healthy communities by offering decent, affordable housing and essential services; and lead rural communities in improving the quality of life by administering electric, telecommunication, water and waste programs. Phone: 318-473-7921 Web: rd.usda.gov/la Small Business Investment Companies What: Privately owned, managed, empowered and licensed by the SBA to provide institutional sources of venture capital for small businesses. Phone: 225-408-3000 Web: stonehengecapital.com U.S. Small Business Administration What: Provides financial assistance, including on 7[a] Loan Guaranty Programs, SBA 504 Loan Programs, Community Express Pilot Loan Programs and 7[m] Microloan Programs. Phone: 504-589-6685 Web: sba.gov

9. CHOOSE KEY VENDORS

Whatever its size, certain basic services and suppliers will be critical to your business, including legal services, banking and accounting, and insurance. Louisiana Bankers Association What: A financial institution will help you handle all transactional necessities. Phone: 225-387-3282 Web: lba.org Louisiana Department of Insurance What: Can help you learn more about your insurance needs as a business. Phone: 225-342-5900 Web: ldi.state.la.us Louisiana Society of CPAs What: Accounting advice and recordkeeping are essential for doing business. Phone: 504-464-1040 Web: lcpa.org Louisiana State Bar Association What: An attorney will be able to help you comply with the law, check out a business opportunity, prepare legal documents and negotiate deals. Phone: 504-566-1600 Web: lsba.org Office of Workers’ Compensation What: Learn more about your insurance needs as a business, including workers’ compensation insurance. Phone: 225-342-7555 Web: laworks.net

10. KNOW THE LAWS

Starting and operating a business comes with a slew of strings attached. While we can’t print every law for you, here are a few categories along with resources to help you swim through the rest.

FEDERAL Foreign Trade Zone What: Information on tax exemption and duties for goods exchanged in the Foreign Trade Zone. Phone: 225-342-1660/504-342-5388 International Trade Division What: Information on trade laws and tax exemption for imported items. Phone: 225-342-5361 Web: trade.gov Occupational Safety and Health Administration What: Information on federal laws and regulations regarding working conditions and employee safety. Phone: 225-298-5458 Web: osha.gov U.S. Department of Labor What: Information on legal requirements and standards about minimum wage, employee compensation and employer record-keeping. Phone: 504-589-6171 Web: dol.gov U.S. Equal Employment Opportunity Commission What: Information on federal and equal

opportunity laws about hiring, firing, recruitment, promotion and retention of employees. Phone: 504-589-2329 Web: eeoc.gov U.S. Patent and Trademark Office What: Information on patents, brand names and trademarks. Phone: 800-786-9199 Web: uspto.gov

STATE Louisiana Department of Revenue What: Defines several types of taxes that must be either paid or collected by businesses. Phone: 225-219-7462 Web: rev.louisiana.gov/ Louisiana Secretary of State What: Provides information about corporate and trademark registration or partnership agreement. Phone: 225-925-4704 Web: sos.louisiana.gov Workers’ Compensation Administration What: Employers are liable for related medical expenses and benefit payments of employees injured on the job. Phone: 225-342-7555 Web: laworks.net State Fire Marshal What: All plans for new or renovated buildings must be reviewed by the state fire marshal. Phone: 225-925-4911 Web: sfm.dps.louisiana.gov

Your Solution for Business

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225.769.8841 Daily-Report.com | BUSINESS REPORT, February 28, 2017

2017 FACTBOOK

THE REGION

AN ENTREPRENEURIAL ECOSYSTEM WITH A WEALTH of resources at their fingertips, Capital Region entrepreneurs, innovators and technology-driven companies can easily find the help they need to prosper in the regional market. Here’s a closer look at some of the many resources local startups can utilize to take their ventures to the next level.

RESOURCES:

NexusLA

Launched in April 2016 as an arm of Louisiana’s Research Park Corp., the goal of Nexus La. is to implement regional initiatives that convene, connect and strengthen the innovation ecosystem in the Baton Rouge area and connect entrepreneurial resources across the state. The ultimate goal: Improve Louisiana’s ability to compete for jobs, talent and public/private funding, ultimately helping the state to emerge as a model and resource for accelerating the success of innovation ecosystems. Nexus-la.org Baton Rouge Area SCORE This nonprofit association provides free and confidential business counseling tailored to meet the needs of small businesses and their personal objectives. SCORE also offers periodic seminars and workshops for both startup entrepreneurs and small businesses already in operation. Batonrougearea.score.org (225) 381-7130 LSU Innovation Park Located just four miles south of the LSU’s main campus, the research park operates numerous business incubators and resources to assist in its goal of creating economic growth. It also offers international trade assistance for companies who wish to export with training, translation, international trade, marketing experts and logistics experts. lsu.edu/innovationpark (225) 578-7555

BUSINESS REPORT, February 28, 2017 | BusinessReport.com

Louisiana Small Business Development Center at Southern University Since 1996, the LSBDC has been providing individual consulting services, training programs/seminars and information assistance to potential and existing small businesses in the greater Baton Rouge region. lsbdc.org/subr (225) 771-4307

ANGEL NETWORKS/ VENTURE CAPITAL:

Innovation Catalyst Innovation Catalyst, formerly Step One Ventures, is a Baton Rouge-based nonprofit Venture Development Organization formed by community leaders to strengthen and broaden Louisiana’s entrepreneurial ecosystem and drive new high-tech company formation through education, connections and capital. By collaborating with existing resources in the state, Innovation Catalyst is able to identify, engage and educate Louisiana entrepreneurs by connecting them to the right sources to accelerate their business. innovationcatalyst.us/ (844) 225-4332 Baton Rouge Angel Network This entity is a Baton Rouge extension of the New Orleans based NO/LA Angel Network. The mission of this group of active, early-stage investors is to educate its membership in making solid investment decisions, and identify and vet promising early-stage companies for investment. The overarching goal is to foster economic development and job creation in Louisiana through the aggregated investment capital of its members. The NO/LA and Baton Rouge Angel Networks are intent on becoming a substantive member of the early stage ecosystem by supporting the entrepreneurial explosion occurring in New Orleans and in Louisiana. nolaangelnetwork.org/ info@nolaangelnetwork.org

INCUBATORS:

Louisiana Business and Technology Center This 60,000-square-foot incubator houses more than 30 technology startups in the LSU Innovation Park and provides comprehensive consulting services. The center also offers a prototyping facility, ProtoStripes, to create rapid prototypes and computer renderings to expedite commercialization of their products. lsu.edu/innovationpark (225) 578-7555 Louisiana Technology Park A business incubator located in Bon Carré on Florida Boulevard that provides high-tech startup companies with the resources to bring their products and services to market faster. Louisiana Technology Park also has a separate digital media incubator, Level Up Lab. latechpark.com (225) 218-1100 Louisiana Emerging Technology Center Falling under the umbrella of the LSU Research and Technology Foundation, this incubator focuses on the biotechnology, life sciences, agricultural and environmental industries. Designed specifically as an incubator for companies with wet-lab needs, it serves small and startup businesses developing and commercializing university technologies. laetc.com (225) 615-8901 LSU AgCenter Food Incubator This business incubator specializes in the development of emerging food ventures and providing technical services to existing and emerging companies. It is under the umbrella of the LBTC and is located on the LSU campus in Baton Rouge, adjacent to the Department of Food Sciences. lsuagcenter.com/foodincubator (225) 578-4161 LSU Student Incubator This small business incubator for LSU

undergraduate and graduate students is located in Innovation Park. The shared workspace encourages like-minded students to develop ideas into profitable businesses with the assistance of the LBTC staff and community mentors. lsu.edu/innovationpark/ student-services (225) 578-7555 Pennington BioTech Initiative This incubator is specifically designed for companies that are creating medical devices, medical software and medical technologies. The initiative is a partnership among LSU, the LBTC and Pennington Biomedical Research Center, which contracts out the use of its labs for a fee to companies in the incubator. (225) 578-7555 Southeast Louisiana Business Center Located on the Southeastern Louisiana University campus in Hammond, this business incubator and resource center for startups in Washington, St. Tammany, Tangipahoa, Livingston and St. Helena parishes. southeastern.edu/admin/slbc/services/index.html (985) 549-3199 Level Up Lab Level Up Lab is a project of Louisiana Technology Park that aims to create and bring new digital media companies to Louisiana. Its services include a motion capture studio, sound recording studio, game design hardware and software, Sony and Nintendo development kits, marketing and accounting, and industry-specific consultation. leveluplab.com (225) 218-1100 Dixie Business Center Founded in 1992 by DEMCO, this Denham Springs incubator helps fledgling businesses compete by providing shared services, as well as 50,000 square feet of office space and warehousing. dixiebusinesscenter.org (225) 665-0809

Issue Date: 6-7-16 Ad proof #1

INCENTIVES

ARE YOU THINKING about expanding, relocating or starting up a business? Louisiana’s tax credits and incentive programs give companies a competitive edge. Here’s a summary of some of the incentives available through Louisiana Economic Development. For more details, visit opportunitylouisiana.com/incentives. LED FASTSTART FastStart creates customized employee recruiting, screening and training solutions at no cost to eligible companies. ANGEL INVESTOR TAX CREDIT Up to a 25.2% tax credit for individual investors who invest in early stage, wealth-creating businesses that seek startup and expansion capital. COMPETITIVE PROJECTS PAYROLL INCENTIVE PROGRAM An incentive rebate of up to 15% of a participating company’s new payroll for up to 10 years, and a rebate of sales and use taxes on capital expenditures or a 1.2% project facility expense rebate. DIGITAL INTERACTIVE MEDIA AND SOFTWARE DEVELOPMENT INCENTIVE Up to a 35% refundable tax credit for in-state labor, coupled with up to a 25% refundable credit for eligible production expenses. ENTERPRISE ZONE Either a $3,500 or $1,000 tax credit for each certified net, new job created and either a 4% sales/use tax rebate on capital expenses or 1.5% investment tax credit for qualifying expenses. INDUSTRIAL TAX EXEMPTION Property tax abatement for up to 10 years on a manufacturer’s new

investment and annual capitalized additions. MOTION PICTURE INVESTOR TAX CREDIT Up to a 30% transferable tax credit for qualified production expenditures and an additional 10% tax credit for Louisiana labor expenditures.

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QUALITY JOBS Up to a 6% rebate on annual payroll expenses for up to 10 years and either a 4% sales/use tax rebate on capital expenses or a 1.5% investment tax credit for qualifying expenses. RESEARCH AND DEVELOPMENT TAX CREDIT A tax credit up to 40% to existing businesses with operating facilities in Louisiana to establish or continue research and development within the state. RESTORATION TAX ABATEMENT A 100% property tax abatement for up to 10 years for the rehabilitation of an existing structure. TECHNOLOGY COMMERCIALIZATION CREDIT AND JOBS PROGRAM A refundable tax credit of 28.8% for companies that invest in the commercialization of Louisiana technology and a payroll rebate of 4.32% for the creation of new direct jobs.

SPECIAL PROGRAMS FOR SMALL BUSINESSES

FROM ENTREPRENEURIAL STARTUPS to small business growth and expansion, Louisiana offers a comprehensive array of educational, managerial and financial programs to cultivate small business opportunities. BONDING ASSISTANCE PROGRAM Provides access to quality bid, payment and performance bonds at reasonable rates from surety companies when bonding capacity is needed.

SMALL AND EMERGING BUSINESS DEVELOPMENT PROGRAM Provides developmental assistance, such as entrepreneurial training, marketing, accounting and legal assistance.

ECONOMIC GARDENING INITIATIVE Provides customized core business strategies, market research, qualified sales leads and improved internet and technology.

SMALL BUSINESS LOAN AND GUARANTY PROGRAM Provides loan guarantees to banks and other small business lenders in association with the SSBCI ranging from $5,000 to $1.5 million.

HUDSON INITIATIVE Certification program offering greater access to purchasing and contracting opportunities at the state government level.

STEP GRANT Provides financial awards to states to assist small businesses with export development.

LOUISIANA CONTRACTORS ACCREDITATION INSTITUTE Provides construction firms management information in preparation for the General Contractors State Licensing Exam.

VETERAN INITIATIVE Helps veteran-owned, service-connected and disabled veteran-owned small businesses gain access to purchasing and contracting opportunities with the state.

225.267.5732 www.mgminc.com Daily-Report.com | BUSINESS REPORT, February 28, 2017

LISTMAKERS

SBA lenders in Louisiana

UPCOMING LISTS:

Ranked by value of Small Business Administration loans for for Administration loans the first quarter of the fiscal year ending Dec. 31, 2016. the first quarter of the fiscal year ending Dec. 31, 2016. COMPANY ADDRESS PHONE/WEBSITE

TOP LOCAL EXECUTIVE

03/14 Advertising agencies 03/28 Residential real estate firms 03/28 Commercial real estate firms

NO. OF SBA LOANS

SBA LOAN VALUE

NO. OF BRANCHES STATEWIDE

YEAR FOUNDED

IberiaBank 4451 Bluebonnet Blvd., Ste. D, Baton Rouge 70809 (225) 923-5561/iberiabankmortgage.com

Ben Marmande

$5,143,100

1887

Regions Bank 400 Convention St., Baton Rouge 70802 (800) 734-4667/regions.com

Danny Montelaro

$4,160,900

104

1928

JP Morgan Chase 451 Florida St., Baton Rouge 70801 (225) 332-4022/chase.com/mortgage

Janet Olson

$3,070,000

161

1824

Gulf Coast Bank & Trust 7235 Jefferson Hwy., Baton Rouge 70806 (225) 932-7272/gulfbank.com

Gary Littlefield

$2,301,300

1990

First NBC Bank 210 Baronne St., New Orleans 70112 (504) 566-8000/firstnbcbank.com

Hermann "Buck" Moyse III

$2,000,000

2006

Carter FCU 133 Main St., Springhill 71075 (318) 539-4655/carterfcu.org

Joe Arnold

$1,450,000

1954

Capital One Bank 301 Main St., Baton Rouge 70801 (225) 381-2201/capitalone.com

Ric Kearny

$1,038,100

136

1933

Gibsland Bank and Trust 1246 Third St., Gibsland 71028 (318) 843-6228/gibslandbank.com

Thomas Martin

$1,021,700

1948

First quarter of the fiscal year (Oct. 1, 2016, through Sept. 30, 2017) totals provided by the U.S. Small Business Administration. Additional information presented was provided by FDIC.gov and upon request by company representatives. Not all lenders are shown, only those with Louisiana locations and an SBA loan value of $1,021,700 or more. Business Report assumes the data are accurate and truthful. Email scrump@businessreport with corrections.

Researched by Sierra Crump

Trends in

Health Care

This special pull-out section in Business Reportâ&#x20AC;&#x2122;s April 11th issue will offer news about the latest trends in healthcare. Readers will find a fascinating blend of facts, figures, industry trends and challenges. Bonus copies of the Trends in Health Care Magazine will be distributed to hospitals, specialty hospitals and medical clinics.

For more info contact KERRIE RICHMOND at 225-928-1700 or krichmond@businessreport.com

Publication Date: April 11, 2016 Space Reservation Deadline: March 30, 2016

Daily-Report.com | BUSINESS REPORT, February 28, 2017

Staffing services and employment agencies

Savard Labor & Marine Staffing 1772 Wooddale Blvd., Baton Rouge 70806 (225) 930-0685/savardgroup.net

Jill Savard, Jerith Naquin

Lofton Staffing Services 9414 Interline Ave., Baton Rouge 70809 (225) 924-0200/loftonstaffing.com

G. Bart Lofton, Carl Carver

TEKsystems(1) 8550 United Plaza Blvd., Ste. 302, Baton Rouge 70809 (504) 218-2650/teksystems.com

Patrick Bush

Aerotek/Allegis Group 8550 United Plaza Blvd., Ste. 108, Baton Rouge 70809 (225) 614-9400/aerotek.com

Jayson Rabuck, Brooks Harris, Kayla Gibson

Express Employment Professionals 855 North Blvd., Baton Rouge 70802 (225) 448-0130/expresspros.com

Melissa Moffatt Elliott

Westaff 7249 Florida Blvd., Ste. A, Baton Rouge 70806 (225) 612-4910/westaff.com

Lisa Coleman

TEMP-TO-HIRE

NO. OF LOCAL, IN-HOUSE STAFF

PAYROLL SERVICE

TOP LOCAL EXECUTIVE(S)

TEMPORARY STAFFING

COMPANY ADDRESS PHONE/WEBSITE

PERMANENT PLACEMENT

PREV. RANK

TRAINING

Ranked by number of local, in-house staff.

n 1998 Baton Rouge

n 1979 Baton Rouge

n 1983 Hanover, Maryland

Administrative, Industrial, Skilled Trades, Engineering

n 2000 Baton Rouge

Clerical/administrative Professional Technical/sales Light industrial

n 1990 Santa Barbara, California

PLACEMENT SPECIALTIES

Industrial Marine operations Land operations Office/clerical Professional/technical Security/industrial Petrochemical/oil field Information and technologies Communications Energy Financial services Engineering Environmental Professional services Skilled trades Construction management

Information presented was provided upon request from company representatives, and Business Report assumes the data are accurate and truthful. Not all area staffing services are shown, only those providing information with 11 or more local, in-house staff. Staffing agencies featured in Business Report's Listmakers must have at least one location or facility located in the nine-parish Capital Region, unless otherwise noted. If you would like your company to be considered for next yearâ&#x20AC;&#x2122;s list, or if there are any corrections or additions, please email scrump@businessreport.com. (1) 2016 data. Agency was unable to process updated information at the time of publication.