
It's not just entrepreneurs and local businesses that are thriving because of the Tech Park, according to LSU economist James Richardson, the overall impact of LTP companies has produced exponential effects throughout Baton Rouge and the state, including:
$92.2 million in additional business transactions,
$26.8 million in additional household earnings,
and 614 new jobs. The direct and indirect economic impact has returned $9 for every dollar invested.
LTP continues to draw new businesses to Baton Rouge, including Firebrand Games, an international, industry leading video game development company, which is the leading maker of racing games for Nintendo, and FairShare, LLC, a firm specializing in alternative electronic payments. These companies and other LTP members like EntaUSA, searched all over the U.S., including Raleigh and Austin, but settled in Baton Rouge because of the unique offerings of the Tech Park, including shared services, professional consultation, and industry synergy that happens when they're located with like-minded companies. |