Jan 18, 2013
Bill McMeekin
Bill McMeekin
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Investment and Job Creation: Another Major Energy Project in Louisiana

Energy: Natural gas flame

Another major energy project in Louisiana tops the week’s site selection and job creation announcements:

In Louisiana, G2X Energy Inc. plans a $1.3 billion natural gas-to-gasoline facility at The Port of Lake Charles. The Calcasieu Parish project would create 243 new direct jobs averaging $66,500 per year, plus benefits. LED estimates the project also would result in 748 new indirect jobs. The company will take an option to lease 200 acres in the Industrial Canal at the Port of Lake Charles, where it will have the flexibility of shipping gasoline by pipeline or sea

In Indiana, Berry Plastics Group plans to expand its operations in Vanderburgh County, creating up to 115 new jobs by the end of 2013. The manufacturer and marketer of plastics packaging products will invest approximately $33 million to expand and equip its Evansville production facility, which currently employs more than 1,800 workers.

In Tennessee, New Breed Logistics will expand its Memphis operations, a $23 million expansion that represents an investment of $23 million and the creation of 468 warehouse and distribution jobs. The High Point, N.C., company is a third-party logistics provider that helps companies design and operate efficient supply chains.

In Kentucky, Kemmerich USA will establish a manufacturing operation and its U.S. headquarters in Calloway County. The project, which brings 120 new, full-time jobs and a $12.2 million investment to the state, is the second new location announcement by a German-owned company in Murray within the past two months. In November,  iwis, a German automotive supplier, said it would plans to establish its first U.S. manufacturing operation in Murray, creating 75 jobs.

In Wisconsin, Milwaukee Tool Corp. is expanding its research and development center in Brookfield, where it has its headquarters. The $6 million investment is expected to create 128 jobs, mainly project leaders, design engineers, electrical engineers and technicians. The company manufactures professional, heavy duty power tools and accessories.

In Florida, financial services firm Morgan Stanley is expanding in the Tampa area, creating up to 110 jobs and $6.6 million in capital investment.  The positions will include investment advisors and financial transaction processors, paying an average wage of $55,000 per year.

 

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