Today we announced a huge economic development win for Louisiana. Benteler Steel is investing $900 million in a new facility at the Port of Caddo-Bossier that will create 675 new direct jobs. LSU conducted a study on the economic impact of this investment and concluded that the project will result in more than 1,500 additional new indirect jobs in the area.
This facility is Benteler Steel’s first plant in the United States and the largest single capital investment in the company’s history. They looked at more than 100 other locations across the country, but ultimately the company chose Louisiana because of our location in the middle of America’s energy corridor, great business climate, world-class infrastructure, and because we have the most skilled workers in the world.
Unquestionably, this is a huge win for our state and a further indication that our efforts to make Louisiana the best place in the world to start a new business or expand an existing business are working.
This news comes on the heels of yet another strong performance by Louisiana in Area Development magazine’s Top States for Doing Business report. The magazine ranked Louisiana number six in the nation overall for our business climate. In the magazine, Area Development put it like this: “Louisiana has taken a very aggressive, targeted approach to improve its business climate over the past five years, and those efforts are clearly paying off.” I couldn’t agree more, and the results are clear – with every new economic development win, we create more opportunities for our people to find good paying jobs right here in Louisiana.
Governor Bobby Jindal
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