Starting, Expanding, Relocating?
  News And Events Print
 
One of TEDA's goal is to keep the community informed of current economic development projects, awards, programs, and educational opportunities through our newsletter, website, special events, and various publications.  We encourage you to browse through our collection of news articles, press releases, and events calendar to find out more.
 
Governor Jindal at Gulf Island Fabrication
 
Local fabricator announces expansion into marine sector
 TEDA helps secure infrastructure grant funds for project

 

On Oct. 10, Gov. Bobby Jindal announced the state??s commitment of $2.3 million in public-infrastructure dollars to Gulf Island Fabrication??s $29 million expansion into the marine sector.

The dollars will be used to construct an industrial-grade roadway, drainage system and a sewerage collection system. The project is a public one, meaning that it will go to public bid and infrastructure constructed will ultimately be owned by public bodies. In exchange for the loan, the company is signing a contract with the state to create 200 jobs; when the contract is fulfilled satisfactorily, the loan is converted to a grant. The performance-based infrastructure grant was awarded through the Economic Development Award Program.

??Gulf Island Fabrication's decision to expand in Houma, as opposed to expanding outside the state will have a major impact on the economy in Terrebonne Parish,? said Michael Ferdinand, chief executive officer of Terrebonne Economic Development Authority. ??The expansion secures a commitment to the community.?

This expansion will create at least 200 new, permanent jobs, with an average annual salary of $53,000 per year, not including benefits. In addition, the company will retain 1,300 jobs as part of this expansion.

??This is another great example of the value of prioritizing the growth and development of our existing employers. Gulf Island could have pursued this project in Texas or some other state, but they are doing it here in Louisiana because of the quality of our workforce and the high level of local and state support they continue to receive,? said Louisiana Economic Development Secretary Stephen Moret.

In his address Oct. 10 at the company??s expansion site, Jindal said ??expanding and growing our existing Louisiana businesses is our number one goal in economic development. We have to start by ensuring that we are supporting our existing Louisiana companies already in the state, and build on that success by recruiting businesses and industries from all across the country and the world. This expansion project at Gulf Island Fabrication will create 200 new high-paying jobs in Terrebonne Parish, and retain hundreds more. This is exactly the kind of business success, job creation, and economic expansion that we must further in order to make Louisiana the best place in the world to raise a family, get a quality education, and pursue a great career.?

Gulf Island Fabrication is Terrebonne Parish??s largest private employer.

"Houma employment hotspot..." Houma has become Louisiana's hottest per-capita job market.
 
"Terrebonne Parish Featured in Business Magazine..." HOUMA - An international site selection magazine recognized Terrebonne Parish as a job engine leading the state in employment growth.
 
"Business is booming on the east side of town..." - HOUMA - The once dying retail sector along Grand Caillou Road is coming back to life.
"Boomtowns 2007: The Best Cities for Doing Business"  Which metropolitan areas are best for business?  Go to http://www.inc.com/bestcities/index.html for a searchable index, or download the 2007 ranking list.
 
"Houma-Thibodaux rates high..."-HOUMA-According to one national magazine, the Houma-Thibodaux area is a solid place to start a business...
 
"SCIA - Students can learn technical skills"-HOUMA - Now is the most important time to offer high-school students what it takes to link their education to career opportunities.
 
"Campaign acquaints high school students with choices..." -HOUMA-The "Work It! Louisiana" campaign is officially up and running in Terrebonne Parish.
 
"Local expertise filling our gubernatorial councils" -BATON ROUGE- Gov.-elect Jindal continued pulling know-how from Terrebonne...
 
"New shopping center springing up on MLK" -HOUMA- Three new shopping center are planned for the northern stretch of Martin Luther King Boulevard, one of Houma's fasted-developing corridors.
 
"New port project could create 1,000 jobs" -HOUMA -Gulf Island Fabrication aims to be a dry dock at the Port of Terrebonne...
 
"Study to determine benefits of deepening canal" - HOUMA-An existing study will be updated within the next few months...
 
"Occupational fees support economic growth" - HOUMA-For the past few years, money the Terrebonne Parish government collects...
 
"World class ship-repair yard to settle in Gibson" -HOUMA-One of the world's largest ship-lifting cranes will be operating in a Gibson shipyard...
 
"K Partners gets council vote for new civic center hotel"-HOUMA-The Terrebonne Parish Council confirmed a San Antonio-based hospitality group K Partners...
 
"Lights, Camera, Action!..."-HOUMA- Terrebonne trying to break into films.
 
"TEDA goes to bat..." - HOUMA-Houma oilfield-products makes Gulf Island Fabrication wants to construct a $15 MM dry dock at the Port of Terrebonne...
 
"UK Business Leaders Visit Houma..." HOUMA - Business executives from the United Kingdom met Friday with local economic officials in Houma, hoping to establish profitable contacts for everyone - whether in dollars, pounds or euros. 
  
"Fitch Rate Parish of Terrebonne, Louisiana $10 MM GO's "A+"..." The tax base has demonstrated steady, stable growth over the past five years at an average annual rate of 6.8%. 
 
"Unmanned planes endorsed by TEDA..." The development board voted unanimously Wednesday to endorse the airport's attempt to get authorization from the Federal Aviation Administration to fly the aircraft out of Houma.
 
"2006 Louisiana Forecast..." Houma. The Outlook predicts an increase of 6,200 new jobs in 2006-2007, an increase equal to that of the six-year period from 1999 - 2005. 
 
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