Why LaunchBRThe Case for LaunchBR
The Baton Rouge Area Chamber estimates that 98% of business in the Capital Region are small business (less than $1,000,000 net worth and owned by people with net worths of less than $400,000). As Baton Rouge grows and becomes a city that is increasingly focused on the economic development of all its residents, small business development has emerged as a critical component of the our economic viability.The Baton Rouge Area Chamber states in their 2016 report that nearly 70% of the local workforce was employed by small businesses, a 6% increase from 2010. This upward trend was expected to continue, especially given the increase in both minority- and locally- owned businesses. Small businesses, especially those that are locally owned, create job opportunities and drive economic growth in smaller geographic locations making them a key component of economic development and job growth.
As well as specific
needs for minority- owned
businesses such as
Increasing capacity and building infrasrucure
Small business development is only one part of the equation. Learn about our work with larger businesses to diversify procurement and increase inclusive competitiveness!