Patent production isn’t growing as quickly in Baton Rouge as in other metro areas, according to a new national study.
The Brookings Institution ranks Baton Rouge 141st out of over 350 metro areas for patent production. The capitol city averaged 71 new patents yearly between 2007 and 2011. But it is on the bottom of the list for patent growth.
High patent production typically coincides with low unemployment. And patent growth can indicate coming industry expansion.
Gov. Bobby Jindal's tax reform proposals may include raising the tobacco excise tax. Health officials have suggested raising the tax by a dollar per pack. A study shows raising the tax by that much would raise $223 million a year – that’s almost enough to have closed this year’s $240 million budget gap.
Jindal has said his tax reforms would be revenue neutral, replacing the income tax with higher sales tax.
Preliminary data from the New Orleans Tourism Marketing Corporation shows Super Bowl XLVII brought an estimated 150,000 visitors to New Orleans, and is expected to rake in an estimated $432 million for the city’s economy.
Just about 80 miles up the road here in the capital city, tourism spill-over from the Super Bowl-boom gave Baton Rouge a bit of an economic bump as well.
Visit Baton Rouge President and CEO Paul Arrigo says Baton Rouge started planning for Super Bowl 2013 in 2009, when New Orleans was initially chosen for the site.