Oilfield services giant Halliburton has selected north Lafayette over a pool of state and international competitors for a major manufacturing facility that’s expected to create 150 direct jobs with an annual payroll of $8 million, plus benefits — that equates to an average $53,000 a year. Halliburton is investing $65 million in the project and expects to begin construction by July of this year, creating an additional 250 construction jobs.
The manufacturing facility is locating on Pont des Mouton across from the Northpark Technology Center; the company has signed a purchase agreement on the 40-acre tract with Lafayette businessman Larry Leger.
Louisiana Economic Development anticipates that the 150 direct jobs will create another 357 indirect jobs, generating $4.4 million in additional tax revenue over the next decade.
Just after 2 p.m. Tuesday, Gov. Bobby Jindal joined Halliburton Senior Vice President Marc Edwards and a slew of Lafayette-area officials and dignitaries to unveil plans for the 200,000-square-foot facility, which will produce complex machined components for oilfield service operations with state-of-the-art manufacturing equipment. The facility will also produce value-added services, such as heat treatment, coating and other specialty operations, and will have assembling and product testing operations performed before shipping components to oil and gas producers around the world.
Edwards, who trained with Halliburton in Lafayette 26 years ago after earning a mechanical engineering degree in the UK and went on to become a senior VP, likened the jobs that will be created here to the type of manufacturing positions in the aerospace industry, calling them “high-tech, high paying.” Giving props to state and local officials, including Lafayette Consolidated Government personnel in various departments — all of whom worked for about eight months on a secret project they knew only as "Prospect Dreidel" — he said Lafayette was chosen over a number of states, including Texas, Oklahoma, Alabama and Mississippi, as well as sites in Brazil, Europe, West Africa and Asia. “We put a lot of effort into [this decision],” he said. “Lafayette has won this particular deal here, competing on a global basis.”
Edwards thanked LED and the Lafayette Economic Development Authority for their assistance “in helping us decide that Lafayette is the best location for our new facility.” He cited Lafayette’s strong workforce and economy, access to major transportation zones and the Louisiana FastStart program to help hire and train our employees as key to helping Halliburton expand its business.
To help secure this project, LED offered the company an incentive package, including performance-based financial assistance of $2 million for site acquisition and infrastructure from the Louisiana Rapid Response Fund and a workforce program from Louisiana FastStart. Halliburton also will take advantage of the state’s Quality Jobs and Industrial Tax Exemption programs.
“With more than 900 oil-and-gas-related businesses in Lafayette and many more throughout Acadiana, this region is the hub for energy production and services in the Southeastern U.S. and the Gulf of Mexico,” said LEDA’s Gregg Gothreaux. “Our community provides an industry-savvy environment and a workforce that is highly skilled, making Lafayette very attractive to energy companies.”
Halliburton employs 863 people in Lafayette Parish, about 1,200 in Acadiana and almost 3,000 throughout the state. Its nearly 60,000 employees work in 80 countries.
The hip little River Ranch shop will open in the Acadiana Center for the Arts in time for the September ArtWalk.
Lafayette’s first-ever Whole Foods Market will open its doors in September.
"Although the administration is moving forward with climate change regulations at home, we don't consider how policy decisions in the United States impact greenhouse gas emissions in other parts of the world," says Roger Martella, the former general counsel at the Environmental Protection Agency under President George W. Bush.
Louisiana agriculture officials say prices for long-grain rice are projected to drop this year.
First-time claims for unemployment insurance in Louisiana for the week ending July 19 decreased from the previous week's total.
A judge is getting ready to set a new trial date for a former BP executive charged with obstructing a congressional investigation into the 2010 Gulf of Mexico oil spill.
Midsouth Bank has released its second quarter earnings report, showing a year-over-year increase for shareholders.
The parent of Investar Bank says its second-quarter earnings fell to $1.1 million or 26 cents a share from $1.7 million of 44 cents a share in the same period a year ago.
1,554 rigs were exploring for oil and 315 for gas. Two were listed as miscellaneous. A year ago there were 1,770 active rigs.
Most personal auto insurance policies exclude coverage when people charge money to drive others in their personal vehicles.
Louisiana's 21 casinos took in $203.5 million statewide in June, edging up one-half of a percentage point from a year earlier.
Business First Bank has announced plans for a Baton Rouge market expansion through a merger deal with American Gateway Financial Corp.
Mellow Mushroom Pizza Bakers opens on Johnston.
Acadiana's Top 50 Private Companies
It would be an understatement to say Schumacher Group had a challenging year in 2013.
Hampton Toyota has been serving Acadiana as the premier Toyota dealership for more than 10 years. And now, the glossy Johnston Street dealership is looking forward to a makeover.
Even when Floyd Degueyter is on “vacation” he’s hard at work.
As the second largest metal heat treating company in the country, Analytic Stress Relieving Inc. has grown by leaps and bounds since its inception in 1979.
When the Prohibition era came to an end in 1933, Joseph R. Streva saw an opportunity to make a little extra money to supplement his day job.
When a hurricane hits, Brent Mouton doesn’t run. The convenience store chain owner is proof that the challenges of mother nature can almost break a business, but Mouton learned to grow out of temporary closure from near devastation in 2002 and of lost potential revenue.
By launching a Super PAC to end all Super PACs, our Top 50 keynote speaker hopes to change the game in Washington.
Oil Center-based private facility extends its offerings with special events venue in failed women’s store.
One year later, is his expansion plan paying off?
Newspaper industry insiders question John Georges’ expansion plan.
How the U.S. has gotten itself into another fine mess