A Message from the Governor
March 6, 2019

With record high GDP, Louisiana's economy continues to grow and attract new business 

In case you missed it last week, Louisiana's gross domestic product rose to $252 billion in the third quarter of 2018the highest on record. The continued growth is a sign that our state's economy is getting stronger and headed in the right direction. 
From Shreveport to Lafayette and everywhere in-between, the week leading up to Mardi Gras 2019 was filled with big news about the state's economy. Check out some of the highlights below. 
 

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Switzerland-based company chooses Lafayette to assemble new helicopter, creating 120 jobs      

On Mardi Gras day, Governor Edwards joined Kopter CEO Andres Löwenstein in announcing that the company will create more than 275 direct and indirect new jobs throughout the Acadiana region. The company plans to make a $4.2 million capital investment in equipment and building additions at the Lafayette site.

 
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Exxon to expand polyolefins plant and invest at least $469 million in Louisiana

ExxonMobil said last week it will begin construction on a major expansion of its polyolefins plant in north Baton Rouge this year.  The project will create 65 new jobs, in addition to the 600 construction jobs for work that will begin this year. With the expansion, ExxonMobil will increase its production of polypropylene by 450,000 tons per year and position the Polyolefins Plant for even further growth in the coming year.

 
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Praxair to build new hydrogen plant in Louisiana, will be one of the largest in the U.S.      

Praxair Inc. will construct a new $250 million world-scale plant in St. James Parish, bringing new jobs to Louisiana's Southeast Region. The project also will generate an estimated 150 construction jobs at the height of construction. 

 
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ATV company to create 75 jobs in Shreveport

SuperATV will invest $4.35 million to develop a manufacturing and distribution facility in Shreveport. The company will create 75 new direct jobs with an average annual salary of $40,000, plus benefits. 

 
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