Halliburton has selected Lafayette, Louisiana, for a new, $65 million manufacturing plant that will produce machined components for oilfield service operations. The investment will create more than 150 new jobs.
"Halliburton would like to thank LED and the Lafayette Economic Development Authority for their assistance in helping us decide that Lafayette is the best location for our new facility," said Halliburton Senior Vice President Marc Edwards. "With Lafayette's strong work force and economy, access to major transportation zones, and the Louisiana FastStart program to help hire and train our employees, this is a great place to grow our business."
The LED incentive package includes performance-based financial assistance of $2 million for site acquisition and infrastructure from the Louisiana Rapid Response Fund and a customized work force solution from Louisiana FastStart. Halliburton will also participate in Louisiana's Quality Jobs and Industrial Tax Exemption programs.
The company will begin building the 200,000-square-foot plant in July 2011. The Lafayette region has more than 900 oil and gas businesses and is a hub of the energy sector in the Southeast and Gulf of Mexico.