Tuesday, 20 November 2012 15:18
Smoothie King's corporate headquarters moves to Jefferson Parish, stays in Louisiana
Written by 

smoothiekingMETAIRIE --GNO Inc. announces retaining Smoothie King for Louisiana

 

 

Today, Greater New Orleans, Inc. (GNO, Inc.), the economic development agency for the 10-parish Greater New Orleans region, joined Governor Bobby Jindal, Louisiana Economic Development, Jefferson Parish President John Young, Jefferson Parish Economic Development Commission Deputy Director Jerry Bologna, and Smoothie King CEO Wan Kim to announce the retention and expansion of the company’s international headquarters in Greater New Orleans. Smoothie King will create 60 direct jobs over the next five years in a new headquarters location in Jefferson Parish as part of its global expansion strategy.

The company will also retain 45 existing headquarters personnel who will move from Smoothie King’s current corporate office in Covington. The 60 new direct jobs will pay an average salary of $75,000, plus benefits. LED also estimates the retention and expansion project will result in an additional 78 new indirect jobs.

“Smoothie King’s decision to keep and grow its headquarters in the Greater New Orleans region, rather than move out of state, is both validation of our new business climate, and a great opportunity for our community,” said Michael Hecht, President & CEO of Greater New Orleans, Inc. “We are thrilled that Smoothie King, a company born in Greater New Orleans, is on a path to become a globally recognized brand; the result will be jobs for our citizens and recognition that Greater New Orleans is where innovative companies start, grow, and succeed.”

Governor Jindal said, “This is a great day for the New Orleans area and for our entire state. When I took office, we made a commitment to improve our business climate so our existing companies could continue to reinvest in our state and grow their businesses. Smoothie King’s decision to expand in Louisiana shows that our efforts are working. Smoothie King looked closely at moving to Texas, but they chose to stay here in Louisiana because we have a strong business climate and the best workers in the world.”

In July, Global CEO Wan Kim completed a successful acquisition of Smoothie King Franchises Inc. from co-founders Steve and Cindy Kuhnau through his SK USA Inc. firm, supported by investment partners Standard Chartered Private Equity and National Pension Fund. While a graduate student in the U.S., Wan discovered the Smoothie King franchise and later developed a successful network of more than 100 Smoothie King franchises in his native South Korea. He plans to increase the current number of franchise locations substantially, adding more than 1,000 new units in the next five years to the current total of more than 600.

“Smoothie King is a company with well over 20 years of aggressive growth ahead of it, both in the U.S. and globally,” said Wan Kim, the company’s CEO. “We are making a long-term commitment to realize this potential. We plan to open more than 1,000 new locations both in the United States and internationally by the end of 2017. A new international location is already scheduled to open in Singapore by December 2012. More new international locations across Southeast Asia and China will follow beginning in 2013.”

After the July sale of the company, the state joined GNO, Inc. in talks about retaining the corporate headquarters in Louisiana. Smoothie King considered moving out of state but elected to remain in the New Orleans area. Jefferson Parish Economic Development Commission (JEDCO) was engaged when Smoothie King expressed the condition of being near Louis Armstrong New Orleans International Airport. In order to help convince Smoothie King to stay and grow in Greater New Orleans, GNO, Inc. outlined the business case for remaining in Greater New Orleans, highlighted region’s workforce and leadership advantages, and hosted quality of life tours. Further, LED will provide Smoothie King with a $2.4 million, performance-based grant payable over five years. The incentive offsets lease payments and office improvements at Smoothie King’s future headquarters office and offsets flight differential costs for New Orleans versus other markets.

“We are absolutely delighted to welcome Smoothie King’s headquarters back to Jefferson Parish,” said Jefferson Parish President John Young. “After being originally founded in Jefferson, we are thrilled Smoothie King’s international headquarters is finally home to begin its next phase of expansion. It is a testament to our business-friendly environment, our pool of talented professionals and to the opportunities we offer and to our progressive future on which we continue to build. We are looking forward to a healthy, long-term partnership with Smoothie King.”

Smoothie King will begin its initial hiring immediately and create 60 new headquarters jobs during the next five years. The company expects to complete its move to the new headquarters space by the end of the second quarter in 2013.

“The fact that Smoothie King was founded in Jefferson Parish, and is returning to launch an aggressive growth strategy, is indicative of both our entrepreneurial environment and our ability to provide the resources required for an international brand to be successful,” said JEDCO Deputy Director Jerry Bologna.

{jvotesystem poll=|39|}

 

 

              

  Want more Louisiana news?               

Louisiana News

Louisiana Politics

Louisiana Business

Louisiana Government

             
 Baton Rouge News

Lafayette News

Shreveport  News

New Orleans News

   

 

Signup for Our Newsletter

qr

Scan the QR Code above using your smartphone to signup for our newsletter.

Join Our Email List
Email:  

 

 

Login to post comments
Powered By JFBConnect
  • Cat Fights on the Hot Cement Confederate New Orleans statues
  • Ex-Saints, Bears, Bills, NFL Exec, Jim W. Miller discusses NFL Draft tomorrow
  • Trump's new plan; Curtains on tax returns release; 40% say Trump-Russia; Probing Obama admin
  • Watch Louisiana Governor Edwards talk about CAT Tax failure

catRarely, have I seen few issues that have generated as much raw heat, tension, and passion than the Confederate monuments controversy. 

Just as existed during the real civil war, where brothers battled brothers, social media is the battleground, particularly Facebook, pitting friend against friend.

On one side of the tense divide, there are those who are protecting the New Orleans civil war era monuments.  Burnt in effigy, forever, is the symbol of Mayor Mitch Landrieu for up-ending what the monument protectors consider to be the loving civil society of New Orleans.

Lately, events have turned somewhat militaristic.

Some protectors of the Confederate monuments have been staying vigilant, in person and online, even surveilling during the wee hours of the morning, waiting for the next Mayor Landrieu attack. On Sunday morning, with protections of snipers, masked workers and a dumbstruck audience, the worst of all of the monuments was cut and carried., the Liberty Monument. 

Read More

miller nfl live2 5It’s D-Day or Draft Day tomorrow in the NFL.

More specifically, Thursday represents the first day of the NFL draft 2017.

Read More

 

trump curtainsThe major President Trump news of the day focuses upon taxes, not only the tax cuts he is proposing but his own taxes, which he obviously, refuses to unveil.

 

Read More

edwards play money 1

At a press conference today, Louisiana Governor John Bel Edwards said the CAT Tax did not pass the House Ways and Means Committee.  The Governor, in addressing the media said that "the fate of that bill was decided long before we unveiled it".

Read More

latter-blum2

Sen. Appel talks budget, economy

TRUMP TALK

Dead Pelican

Optimized-DeadPelican2 1 1