3 years ago
The Canadian company will invest $550 million to move a methanol production facility to Geismar in Ascension Parish, creating 130 jobs.
The Japanese auto giant will increase Lexus production at its Cambridge plant, creating 400 jobs.
The $18.4-million investment is expected generate 51 new jobs.
Construction will begin next month on the expanded cleanroom project at the Fab 8 semiconductor facility, boosting capacity to meet strong demand.
With innovative incentives and Oscar-worthy talent, Louisiana is the top-ranked state in our new Digital Media Leaders category in Business Facilities’ 2012 State Rankings Report. “Louisiana’s rich culture in creativity, film, music and television has been a natural fit for the development of an emerging digital media and technology industry,” said Business Facilities Editor in Chief Jack Rogers. “The activity in this red-hot growth sector is statewide, with new studios and projects emerging on what seems like a monthly basis in digital media hubs including New Orleans, Baton Rouge and Shreveport,” he added. The digital media surge in Louisiana has drawn major players who already boast a bounty of impressive awards, including two Academy Awards at this year’s Oscars. The gold statuettes went to Moonbot Studios in Shreveport for its animated short subject, The Fantastic Flying Books of Mr. Morris Lessmore, and Pixomondo, whose work on the film Hugo won the Oscar for Best Visual Effects. Piximondo announced earlier this year it is investing $1.2 million to open shop in Baton Rouge’s Celtic Media Centre. Louisiana edged out another emerging digital media powerhouse, Utah, and outpaced perennial media centers New York and California to take the top ranking in BF’s Digital Media Leaders category. Louisiana’s digital media industry is one of the fastest growing in the nation, growing at a rate of more than 100 percent. The state has almost 19,000 skilled software developers and more than 100,000 professionals with a skill set conducive to digital media or software development. In addition, its information sector, including software publishing and telecommunications, has experienced the second fastest growth rate in the country since June 2009. Rogers noted that New Orleans robust comeback from the Hurricane Katrina disaster has been driven by an aggressive economic development strategy focused on new growth sectors. “New Orleans is undergoing an economic renaissance — and digital media is playing an integral role,” he said. The Crescent City has attracted GE Capital’s new technology office, adding hundreds of jobs to the local workforce. GE chose New Orleans after a site selection process that scrutinized hundreds of locations. Known as the “Creative Capital of the South,” Baton Rouge has attracted development studios such as Electronic Arts, Firebrand Games, Crawfish Games, Nerjyzed Entertainment, BitRaider MMO. Firebrand Games, a critically acclaimed video game development company, currently is working on titles for the Nintendo DS and Wii. Our Digital Media Leaders ranking is calculated based upon an evaluation of available incentives, recent project activity, cluster growth potential and initiatives/job creation in digital […]
Once again, innovative programs in Louisiana and Georgia are the cream of the crop among Workforce Training Leaders. Louisiana’s FastStart and Georgia’s Quick Start again finished first and second, respectively, in the Workforce Training Leaders category in Business Facilities’ 2012 State Rankings Report. “Louisiana’s FastStart continues to be the gold standard for workforce training programs, which increasingly are an essential element in successful economic development projects,” said Business Facilities’ Editor in Chief Jack Rogers. “Businesses relocating to Louisiana can be certain they will have strong support from the state in acquiring and training skilled workers.” Rounding out the top five in our state ranking of Workforce Training Leaders are Florida, New Mexico and North Carolina. To date, FastStart has completed nearly 70 major projects for expanding companies in Louisiana. The projects touch a variety of sectors, from agribusiness to digital media software development and corporate headquarters expansions. Often, the program becomes the key reason why companies choose to expand or relocate in Louisiana rather than another state or nation. FastStart, which is run by Louisiana Economic Development (LED), was launched in 2008 to help attract and develop workers for new projects. One of its first successes was helping convince Gardner Denver Inc. to not close its Thomas Products Division plant in Louisiana, but rather to expand it by moving production from Wisconsin. LED FastStart became the key factor in convincing Gardner Denver to keep its Louisiana plant open, retaining 70 jobs and adding 200 new positions. As part of a strategic incentive package, FastStart hosted job fairs and open houses in Monroe to build interest in the new jobs, and the FastStart team traveled to Wisconsin, where they performed key business analysis—-defining behavior and competency requirements for the new jobs-—and documented essential steps needed for a seamless transition from Wisconsin to Louisiana. Caterpillar, Baxter International, Outdoor Network LLC, NCR, Kia Motors and ZF Industries all have identified Georgia’s Quick Start program as a key reason for choosing to locate their facilities in the state. Quick Start provides intensive, specified training to give companies the skilled employees they need to open quickly and run efficiently. These services come at no cost to qualified new companies or those adding new jobs or technology. The basic rule is that manufacturers can receive Quick Start benefits if they create at least 15 jobs over a 12-month period. Here are the top 10 states in our Workforce Training Leaders rankings category: BUSINESS FACILITIES 2012 STATE RANKINGS REPORT: WORKFORCE TRAINING LEADERS 1 LOUISIANA 2 GEORGIA 3 FLORIDA […]
The Bayou State surges to the top of our annual assessment of Economic Growth Potential, edging out last year’s number one, Virginia.
The producer of canned and frozen vegetables will invest $10.6 million in a project that will create 80 jobs.
The Punta Gorda, FL facility will employ 300 and benefit from Florida Power and Light’s special economic development utility rate.
The 240,000-square-foot expansion in Macomb, IL will house new roller bearing production lines, creating 80 jobs.