At the Baton Rouge Area Chamber’s 2016 Economic Outlook yesterday, BRAC President and CEO Adam Knapp said that the Baton Rouge metro area’s economy is growing at a faster rate than predicted at this time last year, but workforce development concerns and issues related to transportation and infrastructure threaten to hamper future economic growth. A Business Report recap says that, despite those drawbacks, actual numbers are positive. Job growth has increased 3.3 percent in the Capitol region this year, which is higher than the 2.5 percent growth that was projected in BRAC’s outlook last year. The Baton Rouge area’s job growth has outperformed that of peer cities like Austin, Texas and Birmingham, Alabama. The economic forecast for next year calls for job growth between 1.4 percent and 2.2 percent, which would translate into between 5,000 and 9,000 new jobs.
Read more via Business Report here.