BROUSSARD, La. – Aquaspersions Limited, a global manufacturer of water-based additives for the latex, paint and adhesives industries, announced it is investing at least $7.5 million to establish a new production facility in St. Martin Parish. The facility will...
Economic Development
Schlumberger Invests $11.5 Million To Create North Gulf Coast Operations Hub In Lafayette
LAFAYETTE, La. – Schlumberger announced it will invest $11.5 million to centralize its North Gulf Coast (NGC) divisions at a newly renovated operations hub in Lafayette. The company will create 44 new direct jobs and more than $4 million of new annual payroll over a...
U.S. could face a recession in 2023. Lafayette could still get more jobs
The U.S. economy may be headed toward a recession in early 2023, but economist Loren Scott said he thinks Louisiana and the Acadiana area will continue to add jobs despite the economic uncertainty. Scott spoke to One Acadiana members on Wednesday, delivering his...
Economist: Weak Gulf of Mexico Activity Could Hamper Lafayette Economy, But Job Gains are on the Horizon
The Lafayette area could gain 5,300 jobs over the next two years, but the region’s economy is likely to be held back by slow drilling activity in the Gulf of Mexico, according to the Louisiana Economic Forecast, an annual report published by economist Loren Scott....
Regional Partnership Awarded $50M Federal Grant to Create Clean Hydrogen Cluster in South Louisiana
One of 21 national winners chosen by the U.S. Economic Development Administration, will allow 25 partner organizations to develop energy innovation across the state This morning, the U.S. Economic Development Administration (EDA) awarded a $50 million federal grant to...
Louisiana Marks Clean Energy ‘Milestone’ as Hydrogen Project Wins $50 Million Federal Grant
BATON ROUGE, La. – A groundbreaking plan to create an offshore wind-powered hydrogen energy industry cluster in south Louisiana has been awarded $50 million from the Build Back Better Challenge, the U.S. Economic Development Administration announced today. Dubbed...
Future of U.S. Gulf Coast Energy Focus of One Acadiana Webcast
LAFAYETTE, LA – One Acadiana and more than 50 other business and economic development partners from the four Gulf Coast states of Texas, Louisiana, Mississippi, and Alabama came together yesterday to provide a forum for the longest-serving Director of U.S. Bureau of...
Nearly $50 Million Allocated to Grow the Future of Biopharma in Acadiana
Partnerships set the stage for state and federal funding to expand UL Lafayette’s New Iberia Research Center and biopharmaceutical manufacturing at Progress Point NEW IBERIA, La. – Acadiana is poised to grow its burgeoning biopharmaceutical sector, supported by an...
Cargill To Invest $34 Million To Modernize Breaux Bridge Salt Processing Facility
BREAUX BRIDGE, La. – Cargill, a major international supplier of food, agricultural and industrial products with operations in 70 countries, is upgrading its St. Martin Parish facility that produces food, water conditioning and salt products for a variety of...
Aviation Exteriors Announces $2.5 Million Expansion of Acadiana Aircraft Facility
NEW IBERIA, La. – Aviation Exteriors Louisiana, which has long specialized in the painting of commercial aircraft, will add aircraft maintenance and conversion services with an expansion at its Iberia Parish facility. With the addition, Aviation Exteriors will create...