|
|||||||||
 |
|||||||||
|
| |
|
||||||||||||
|
|||||||||||||
|
Atlantic Metrocast Inc. Announces New Project At Port Of New OrleansProject will create at least 100 direct jobs and up to $5 million capital investmentLouisiana Economic Development Secretary Stephen Moret joined Atlantic Metrocast Inc. President and CEO Bill Crossman, New Orleans Mayor-Elect Mitch Landrieu, Greater New Orleans Inc. President Michael Hecht and Port of New Orleans President and CEO Gary LaGrange to announce Atlantic Metrocast will develop a new, pre-stressed concrete production facility at the Port of New Orleans. The project will create at least 100 new, direct jobs at an average annual salary of about $32,000, plus benefits, and a capital investment of up to $5 million. LED estimates the project will generate $5.4 million in new, state tax revenue and $3.6 million in new, local tax revenue over the next 10 years. LED also estimates that the project will result in the creation of approximately 122 new, indirect jobs. "Today's announcement is yet another signal that business leaders realize the investment and growth opportunities that New Orleans and our entire state have to offer," said Gov. Bobby Jindal. "This project will have a significant impact on the local economy by keeping and bringing more business to the state. Atlantic Metrocast's decision to invest in New Orleans will help our state continue to outperform the South and the nation, and more importantly, the new operation in New Orleans will create good jobs for our people so they can pursue their dreams right here at home." "Our hope is to be in New Orleans for the long term and participate in all of the exciting growth that this great city is experiencing," said Crossman. "As a company, we are excited to return to the city of our roots and be able to provide employment in an area that is going through its own renaissance." To secure the project, LED committed performance-based, infrastructure financial assistance of $160,000 from the Economic Development Award Program. The company also intends to make use of the Quality Jobs and Industrial Tax Exemption programs. Atlantic Metrocast also selected the Port of New Orleans because it offers several location and logistics advantages that will support the company's production and shipping needs. "The return of Atlantic Metrocast to New Orleans and the jobs that it brings is great news for the city of New Orleans," said Landrieu. "The decision to locate in New Orleans demonstrates the valuable resources the city has to offer, including a world-class port, infrastructure and workforce. It shows confidence in the future of the city and the competitiveness of the region." "The return of Atlantic Metrocast to the New Orleans region marks not only the homecoming of a company with historic New Orleans roots, it also signals to the rest of the business world that it is time to consider Greater New Orleans - even for the first time," said Hecht. "Our combination of business conditions, leadership and energy make New Orleans one of the best choices in the country for a business today: the voice of Atlantic Metrocast will now add to this swelling chorus. GNO Inc. is thankful to Louisiana Economic Development, the Port of New Orleans and all of the other partners who have made this possible." "Atlantic Metrocast's decision to move here underscores how we are leveraging the assets of the Port of New Orleans to create jobs and investment for Louisiana," said LaGrange. "Many businesses want to be close to the world class transportation services available at the port. Currently, private businesses are investing more than $85 million on properties that they leased or purchased from the Port of New Orleans." A subsidiary of Atlantic Wood Industries of Savannah, Ga., Atlantic Metrocast Inc. manufactures pre-stressed and pre-cast concrete products, such as cement and lime, pilings, slabs, plasters and mortars. Discuss it on SBE Forum >> |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |
|
All Rights Reserved |
