The Louisiana Technology Park continued to have a multimillion-dollar economic impact on the Baton Rouge region in 2016, a report by LSU alumni economics professor James Richardson found.
The report, prepared for Tech Park parent company Research Park Corp., says Tech Park’s current and previous tenants who remained in the Baton Rouge area saw revenues of $12.2 million last year. These businesses paid out about $7.6 million in payroll to 189 employees and paid about $6.6 million in state and local taxes, the report says. The figures do not include graduates who have moved away from the Baton Rouge region.