IntegriCo Composites Plans $20 Million Manufacturing Facility Near Springhill, Louisiana
IntegriCo will lease 178,000 square feet of manufacturing space and 12 adjacent acres from the North Webster Parish Industrial District, with plans to create 300 jobs in Webster Parish. The company will occupy both the former Trane Commercial Systems building and an adjacent speculative building at the North Webster Industrial Park. The NWPID-owned site provided an ideal facility for IntegriCo, with rail access for shipping its products, Louisiana Economic Development said.
“It is a privilege to partner with Louisiana in an effort that will create quality jobs while simultaneously expanding IntegriCo capacity immensely,” IntegriCo Composites CEO Scott Mack said. “With our Texas facility at capacity, this effort is critical to meeting the demand of our growing client base which includes multiple Class 1 rails, the U.S. military and a myriad of other customers. IntegriCo’s decision, following a thorough review of more than 30 facilities throughout six states, hinged on the partnership displayed by the State of Louisiana, its economic development teams and the local parish to create the framework for successful job creation and associated economic growth.”
Governor Bobby Jindal said, “As the rest of the country recovers from the national recession, we are seeing a manufacturing renaissance here in Louisiana. Companies from around the nation and the world are taking note of our strong business climate, our talented workforce and our world-class infrastructure. Investments like this one by IntegriCo Composites confirm that our state can lead the South and the nation in creating strong manufacturing jobs right here at home, and IntegriCo joins a long list of manufacturers that echo that sentiment. We congratulate IntegriCo and their commitment to creating good jobs for Louisianians here in Northwest Louisiana.”
To secure the project, LED offered the company a competitive incentive package, including a performance-based $2.5 million award from Louisiana’s Economic Development Award Program and an additional $2.5 million in Capital Outlay funding to support publicly owned infrastructure improvements: rail spur modifications and electrical, roof, flooring, lighting and plumbing upgrades. IntegriCo will receive the comprehensive solutions of LED FastStart, the state’s workforce training program. The company is also expected to utilize the state’s Quality Jobs Program. Additionally, the NWPID will provide a performance-based grant of $500,000 annually for 10 years to support IntegriCo’s lease of manufacturing equipment at the industrial park.
“The location of IntegriCo Composites to North Webster Parish clearly demonstrates that Governor Jindal’s and the State of Louisiana’s economic development efforts are working,” said NWPID Chairman Jeff Harper. “On behalf of the North Webster Parish Industrial District, we are grateful for the generous assistance from our partners, including LED, NLEP and our local community. NWPID and surrounding communities look forward to a promising future with IntegriCo Composites and our existing industrial park tenants as well.”
“The great teamwork between Louisiana Economic Development, North Louisiana Economic Partnership, North Webster Parish Industrial District and other local partners to aggressively recruit IntegriCo Composites resulted in an incredible win for Webster Parish,” NLEP President Scott Martinez said. “This project has a huge economic impact for our region.”
PennyMac Financial Services Establishes Cary, North Carolina, Mortgage Fulfillment Center
Trends in Office and Industrial Parks
Another Look at Rural Economies
Supply Chain Execs Respond as Pandemic Creates E-Commerce Surge
The Future of the Workforce Is a “Better Normal”
Workforce Q4 2020
Recruiting and Retaining Today’s Manufacturing Workforce
Workforce Q4 2020
2019 Leading Metro Locations: Pacific and South-Atlantic Metros Dominate the List