Baton Rouge is the capital of the U.S State of Louisiana. The 99th most populous city in the United States, Baton Rouge is situated at the eastern bank of the Mississippi River. The city of Baton Rouge is famous for its business opportunities and the richest business environment in the state. Baton Rouge is considered the technology center of South America. It is also home to some big institutions like Louisiana State University (the biggest higher education institute of the state) and Southern University which is famous for its business studies.
This provides the population of Baton Rouge with advanced business knowledge and market mechanics. According to Statista, the business opportunities in Baton Rouge are expected to increase by over 20% in a decade. The reason is increasing awareness of the business platforms and balanced business structure of the city as well as the state.
The population of Baton Rouge and business
The population of Baton Rouge alone reached over 4.5 hundred thousand in 2019. It is expected to reach six hundred thousand by 2022. Louisiana has an over 84% literacy rate. The more the ratio of literate population is, the more it enhances the business structure of the city or state.
More and more businesses are being set up by the literate population of Baton Rouge. Baton Rouge is the best place to set up a business because of the vast variety of businesses in the trend of the city. With the increasing literacy rate, additional business opportunities are being developed every year.
Choose a business to start in Baton Rouge
There are many opportunities to start a local business in Baton Rouge even on a small scale and with low investment. Once you get your business in the ocean of startups, business starts creating paths for itself. There are over 800 new businesses (big and small) being set up annually in the city of Baton Rouge.
The increasing number of businesses is because of the strong and balanced business structure as well as the variety of businesses to start in the city. Following are the top new business trends in the city of Baton Rouge.
- Real Estate
With the increasing population, the real estate business is hot in the market these days. Almost everyone is looking for a better place to buy these days. If you can provide your clients with exceptional deals, you can benefit from this business to a great extent.
- Tourism
Tourism is one of the major business branches of Baton Rouge. Home to various historical monuments and beautiful sites to visit in the city attracts many tourists. A tourism agency is one of the trendy businesses of Baton Rouge.
- Restaurants
Since tourists are common in the city, the business of restaurants is very much successful in the city. Tourists always tend to try to eat the local food at a restaurant. If you want to invest in a low-risk business, restaurants are the way to go.
Conclusion
Baton Rouge is the best place to start a new business because of its balanced business structure and large literate population. Any trendy business has a high chance of growing if done with proper business steps.
