Emerson Electric Company Invests $10 Million In Louisiana New Process Management Headquarters
Emerson acquired 19 acres in Gonzales to build the new regional headquarters, which will provide a unified facility covering business operations that include manufacturing, training, engineering, sales and service.
"Emerson's Fisher business has been a good corporate neighbor in Ascension Parish for the past 40 years, and we're excited to build this new state-of-the-art facility in Gonzales," said Denny Cahill, vice president of global services for Emerson Process Management. "This $10 million investment in service directly reflects Emerson's continued commitment to helping our customers run more efficient, reliable, and safe plants; reduce operations and maintenance costs; and enhance environmental performance and worker safety."
The Louisiana Department of Economic Development estimates the project will result in an additional 28 new indirect jobs. The project will also create 75 temporary construction jobs.
Emerson said it is already hiring new staff for the expansion and now employs 135 people in the region: 101 in Ascension Parish and 34 in East Baton Rouge Parish. When the regional headquarters is completed, in late 2013, those employees and additional hired staff will move to the new facility. At this facility, Emerson will chiefly support a customer base along the Gulf Coast and also fabricate components to complete custom orders for plants worldwide.
Governor Bobby Jindal said, "Emerson has served the Gulf Coast from its Capital Region locations for more than four decades and we're proud that they have decided to expand here in Louisiana. Emerson could have invested in other states, but they chose to build here in Louisiana because we have a great business climate, a strong transportation infrastructure and the best workers in the world."
As an incentive Louisiana's Economic Development said the state provided Emerson a Modernization Tax Credit of $375,000, payable over five years. The company also is expected to utilize Louisiana's Quality Jobs and Industrial Tax Exemption incentive programs. In addition, the City of Gonzales and Ascension Parish also negotiated sales tax incentives that will enhance the competitiveness of the regional headquarters.
Gonzales Mayor Barney Arceneaux said, "This expansion will give our citizens the opportunity to work for a first-class, Fortune 500 company and it will give our schools the opportunity to use a $1 million training facility to train the workforce of the future in the latest technology."
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