Danos Invests $30 Million In Louisiana Manufacturing Facility and Gray, Louisiana Headquarters
A strategic construction and services partner for major oil and gas companies, Louisiana Economic Development said Danos will create 426 new jobs over the next five years as it leverages new deepwater oil and gas opportunities in the Gulf of Mexico, along with land-based and international energy growth opportunities.
LED estimates the Louisiana projects, with their combined $30 million capital investment, will result in an additional 871 new indirect jobs, for a total of nearly 1,300 new jobs in the state. Danos will retain fabrication operations at its current headquarters site in Larose, Louisiana where the company has operated since its 1947 founding in Lafourche Parish.
Gov. Bobby Jindal said, "Today's announcement is great news for the Bayou Region and for our entire state. Danos is one of Louisiana's deeply rooted homegrown companies renowned for its technical expertise, performance and, above all, outstanding safety in the oil and gas business. The company has proudly called Louisiana home for decades, and it knows that our state is home to an incomparable workforce, a strong business climate and a tremendous energy infrastructure.”
"Despite a challenging federal regulatory environment, Louisiana companies like Danos are rising to new heights in business performance and leading the way in solving our nation's energy challenges. This growth by Danos in south Louisiana will continue bringing great new career opportunities to Louisianians for generations to come,” he added.
"The Danos family business has deep roots in South Louisiana: The heritage and culture of this area are important to who we are as a company," company CEO Hank Danos said. "We appreciate the commitment of our state's leadership. The Governor and the Secretary of Economic Development are shaping an environment that is beneficial to attracting and retaining companies who are creating good jobs in our state and region. We are thankful that our employees, customers and the state recognize the importance of our dedication to excellence in safety and job execution."
LED's Business Expansion and Retention Group worked with Danos to identify growth opportunities within Louisiana. To secure the headquarters and manufacturing project, the state offered Danos a customized incentives package that includes a performance-based, $1.5 million Economic Development Award Program grant to provide infrastructure improvements for the new manufacturing location. The state will also provide the comprehensive workforce solutions of LED FastStart, the state’s workforce development training program. In addition, Danos is expected to utilize Louisiana's Quality Jobs and Industrial Tax Exemption programs.
2023's Leading Metro Locations: Hotspots of Economic Growth
The Logistics Analysis That Drives Industrial Site Selection
2023 Top States for Doing Business Meet the Needs of Site Selectors
Technology’s Influence on Workforce Development
Workforce Q4 2023
AI 101 for Site Selection
First Person: Realizing the Inflation Reduction Act’s Full Potential
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects