The LOUISIANA TECHNOLOGY PARK is one of the South’s premier business incubators providing resources for high-tech start-up companies to bring their products and services to market faster and more effectively.
It's not just entrepreneurs and local businesses that are thriving because of the Tech Park. According to LSU economist Dr. James Richardson, the economic impact of Tech Park tenants and graduates on the Baton Rouge region in 2016 totaled:
- $196.6 million in overall economic impact
- $11.7 million in state and local tax collections
- 3,132 jobs
The 2016 return on tax investment was also outstanding. For every $1.15 of tax collections invested in Tech Park operations, our tenants and graduates returned $6.65 in state and local taxes.
LTP continues to grow new businesses in Baton Rouge. These companies chose Baton Rouge because of the unique offerings of the Tech Park, including shared services, professional consultation, and industry synergy that happens when working with like-minded companies. Pixel Dash Studios is the largest independently owned video game studio in Louisiana. ACT Mastery is another one of our fast-growing clients, quickly becoming the leading ACT test-prep platform in the country. And of course, there’s Cellcontrol whose patent-pending Bluetooth technology is putting an end to distracted driving. These companies are not only increasing our local economy, they’re also hiring local talent, bringing the economic development cycle full circle.
Read more about the Tech Park's economic impact in the 2016 Research Park Corporation Annual Report, here.