From the BR Business Report:
Fortune 1000 firm Albemarle moves HQ to BR
Baton Rouge has snagged the headquarters of another Fortune 1000 firm. By year's end, specialty chemical giant Albemarle will move its executive offices from Richmond, Va., bringing with it 30 professionals and a $7 million annual payroll. Already based in Baton Rouge are the company's administrative offices, which employ 300 workers in sales, marketing, engineering, finance, customer service and other areas and a research and development office on Gulf States Road, which also has 300 employees.
But Louisiana Economic Development Secretary Stephen Moret says bringing the executive headquarters to the Capital City is a serious coup. "In the world of economic development, nothing is more exciting than landing a major corporate headquarters-especially a Fortune 1000 company," he says. "This is definitely a home run."
This is a huge coup for Baton Rouge!