Wednesday, 03 August 2011 15:13
Louisiana Gov. Jindal Announces $8.1M Investment In Cap Technologies
Written by 

Today, Governor Bobby Jindal and CAP Technologies founder and President Daigle announced an $8.1 million capital investment for a metal coatings facility in Denham Springs, which the Governor claims will lead to 43 new direct jobs with an average salary of $52,000 a year, plus benefits – and an estimated 60 new indirect jobs, creating a total of more than 100 new jobs in the Capital Region.

 CAP Technologies founder and President Daigle launched the company in 2001, incubated the concept at LSU’s Louisiana Business & Technology Center (LBTC), and moved to an Industriplex Boulevard location in Baton Rouge in 2006 to complete their research and development phase. CAP Technologies has fully renovated and constructed a 50,000-square-foot facility in Denham Springs where the company will begin hiring this fall and start commercial production by December.

CAP Technologies’ process is environmentally friendly, using electricity and benign electrolytes to clean and coat metals. The process replaces the use of harsh acids that leads to hazardous storage and disposal issues at conventional metal-coating businesses. CAP’s technology is patented in 21 nations already, with additional patents pending.

To secure the expansion project, LED committed a customized workforce package from Louisiana FastStart™, and CAP Technologies is expected to utilize the state’s Research & Development Tax Credit, Quality Jobs, and Industrial Tax Exemption incentive programs. Daigle said his company also received invaluable support from the LBTC.

LED Sec. Stephen Moret said, “Companies engaged in innovative research and development harbor true potential for our state’s economy when their work reaches the commercialization stage. CAP Technologies is an example of such a company, one that attracts significant venture capital, creates high-paying jobs and carves a new, important market niche as an economic driver firm – all outcomes we love to see take shape in Louisiana.”

Are you satisifed  with Louisiana's growth?


For More Information, Watch the video below

Facebook Login

Bayoubuzz Newsletter - Sign Up Below


Also Click here and Join:

Louisiana Politics And Government
LouisianaPoliticsAnd Government
Join Bayoubuzz'sLouisianaPolitics and Government community is a social media site that is designed to help connect people, government and politics in Louisiana.

Login to post comments
  • A July 4th Fact of Facts: America is Land of Immigrants
  • Poll: Trump strong on jobs, weak on tweets, viewed as reckless, thin-skinned, sexist
  • President Trump, It doesn't feel like Independence Day
  • YIPPIE! The naked truth about free speech, cherished especially on Independence Day

mass2On July 4, 1778, George Washington doubled liquor rations for the soldiers quartered in Princeton, NJ, as a way to celebrate Independence Day. It’s fitting, therefore, that the Fourth of July is America's top-selling beer holiday, according to the Beer Institute. It estimated, in 2013, that sales of beer on the 4th could total $1 billion, doubtlessly higher today. “In moderation,” claims a CA brewery investor, Grover McKean, “beer is tasty and healthy.” Who could disagree?

Read More

joe mikaAs Donald Trump faces the top world leaders this week, including a face-time with Vladimir Putin, and as his healthcare proposals face an uphill climb, his poll numbers for how the nation views him could be better.

According to a morning Consult/Politico poll released Wednesday morning, his tweets, including that against MSNBC's Mika Brzezinski, and his personality are not helping him, at all.

Read More

indy dayII know the calendar says we are approaching the 4th of July, but, it just doesn’t feel like Independence Day.

Perhaps it should.  It’s hot as heck.  The airlines have been packed. The hot dogs are ready for grilling.  The umps are saying, "play ball". The patriotic activities are scheduled. The fireworks are ready-for-blasting. 

Yet, it just doesn’t feel like independence day.

Read More

bill rights2To President Thomas Jefferson, July 4th celebrated more than the signing of the Declaration of Independence. He thought it was a link to the future. The message prominent colonists sent to King George III led to the Constitution and the Bill of Rights, the initial and most prominent feature of which is the First Amendment that guarantees free speech. It’s part of the country’s fundamental essence that each man and woman can say what they feel about government, or anything else, proving President Donald Trump needs some civics lessons.

Read More


Dead Pelican

Optimized-DeadPelican2 1 1