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Area Development - Site Selection, Facility Planning and Workforce Development

Laborde Products Expands Covington, Louisiana, Operations

10/25/2024
Laborde Products, a marine engine and equipment distribution company, plans to expand its operation in Covington, Louisiana. The $5.85 million project is expected to create five jobs in St. Tammany Parish.

The investment will include an additional 25,000 square feet at the company's headquarters dedicated to a new operations center and warehouse. Construction of the expansion is scheduled for completion by the end of 2025.

“This expansion in Covington is about more than just adding space – it’s about creating new opportunities for our team, our community and the industries we serve,” Laborde Products President and CEO Brian Laborde said. “With this new facility, we’re positioning ourselves to lead in innovation and growth. This expansion is a strategic move to strengthen our influence and drive the future of the industry we support.”

To support the project Louisiana Economic Development (LED) offered Laborde Products an incentives package that includes a $200,000 reimbursable grant from the Economic Development Award Program for infrastructure and equipment, subject to approval by the Louisiana Economic Development Corporation board.The company is also expected to participate in the state’s Quality Jobs program.

“Growth and innovation aren’t exclusive to the tech and healthcare industries, they are happening in every sector across every region of our state,” noted Secretary Susan B. Bourgeois. “Laborde Products’ investment in research and development exemplifies the commitment of homegrown Louisiana companies to driving their industries, and the sectors they support, forward. We thank Laborde Products for continuing to invest in Louisiana innovation and excellence.”

Laborde Products supplies and services equipment from clients including Mitsubishi, Scania and Steyr Motors to inland and offshore customers in the maritime, energy and defense sectors across the Gulf Coast.

“Laborde Products’ expansion is a testament to the strength of the marine and industrial sectors in southeast Louisiana,” Greater New Orleans, Inc. President and CEO Michael Hecht added. “This $5.8 million investment and the creation of new jobs reinforce the company’s commitment to the region, helping to drive economic growth and innovation. We look forward to seeing their continued success as they enhance their presence in St. Tammany Parish.”

“We are proud to support Laborde Products in their latest expansion,” St. Tammany Corporation CEO Chris Masingill said. “Investing in the skills and expertise of our workforce remains key to retaining and attracting companies like Laborde Products. Their decision to once again choose St. Tammany to expand their operations here underscores the importance of cultivating a talented community that can meet the evolving demands of modern industries.”

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