BATON ROUGE, La. (BRPROUD) — The Baton Rouge Area Chamber says it will no longer be accepting yearly funding from the city-parish to continue its economic development work.

BRAC’s board of directors voted to make the change in a January meeting, according to a news release. The mayor’s team will continue to provide economic development services in a new arrangement. Officials said the one-year contract in 2022 was $339,500.

“This is a win-win for our investors and for the taxpayers. We will continue to provide all these services to the parish, but by fundraising for private support for these purposes,” said David Mullens, BRAC’s 2023 board chair and Capital One Market President and Section Manager for North & Southwest Louisiana. “Just like the city-parish goes through an annual budget process, so does BRAC, and we determined that the time is right to provide additional support to the city-parish by freeing up these dollars to use toward other pressing needs, such as economic development support, public safety, litter remediation, or redevelopment.”

“I thank BRAC for its continued partnership with my administration and service to East Baton Rouge Parish as our community’s economic development leader. Thanks to BRAC’s successful fundraising campaign, these City-Parish resources can be rededicated to other priorities, and we will develop a plan for the Metropolitan Council’s consideration at the appropriate time,” said Mayor-President Sharon Weston Broome. “Most recently BRAC and City-Parish partnered with Visit Baton Rouge for a jobs and public perception initiative, where City-Parish dedicated $1.8 million of American Rescue Plan funds for the program. We will continue to partner with BRAC on important economic initiatives going forward.”

BRAC said none of its employees will be affected by the change.