Glass Tableware Producer, Libbey, Invests $20 Million At Its Shreveport, Louisiana, Manufacturing Plant
11/12/2013
Louisiana Economic Development said Libbey selected the Shreveport site for additional investment over other U.S. and international sites. “This new investment in technology will enable us to compete more effectively in a broader marketplace. We appreciate the LED’s partnership in working with us to make our vision for this new technology a reality,” said Dan Ibele, Vice President of Global Sales and Marketing.
LED’s Business Expansion and Retention Group began discussing the potential project with company officials in July 2013. Libbey announced a previous modernization of the Shreveport site in June 2011 with a $9 million renovation of an existing glassmaking furnace.
To secure the existing Libbey workforce, the new $20 million investment and to encourage growth of the company’s Shreveport workforce going forward, LED offered the company a new incentive package that includes a $500,000 Modernization Tax Credit to be claimed over five years after the investment is made. The company also is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.
In addition, Libbey may claim Louisiana’s refundable Research and Development Tax Credit on qualified R&D expenditures. For businesses with 100 or more employees, that incentive provides an 8 percent refundable tax credit.
North Louisiana Economic Partnership President Scott Martinez said, “Libbey Glass has been a longtime industry leader in the Shreveport community, and NLEP values the ongoing, positive relationship with the local and corporate leadership of Libbey Glass. NLEP is pleased that the company has chosen Shreveport for this new investment.”
“This is a very encouraging development and I’m certainly pleased to see Libbey Glass maintaining the positive presence it’s held in Shreveport for so many years,” Shreveport Mayor Cedric Glover said. “Libbey Glass is one of our best corporate citizens, and I know the jobs being created as a result of this announcement will be a great boost not only to the prospective employees but to their families as well.”
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024