Wednesday, 15 September 2010 15:48
Louisiana LED Sec. Moret: Nucor Could Break Ground In Early 2011
Written by  {ga=staffwriters}

Louisiana landing Nucor in an extremely competitive process is a major victory for Louisiana, the Administration of Governor Bobby Jindal and LED Secretary Stephen Moret and the entire Louisiana Economic Development team. It is a project the group have been working upon from the early days of the Jindal administration.

Bayoubuzz asked Stephen Moret these questions via email after the state and Nucor make the announcement. 

Bayoubuzz: What do you think will be the first signs that will directly help Louisiana workers that Nucor is benefiting the region?  Will there be immediate results and if so, what might they be?

Stephen Moret: This definitely is a great day for St. James Parish and our entire state!  Nucor will break ground on the first phase of the five-phase project as soon as it completes environmental permitting, which we currently expect will be early 2011.  It is possible they will begin site preparation activities even sooner.  

If they complete all phases of the project described in their incentive package with the state (which they must do to receive the complete state incentive package), the project ultimately would represent about 1,250 direct new jobs ($75,000 average, plus benefits) and $3.4 billion in new capital investment.

Once they have completed the steel mill (which is not the first phase), we expect to be able to recruit additional companies that would take advantage of being located in close proximity to the project.

Login to post comments
  • Despite 5th plea, Schiff says House Intelligence Committee pursues Flynn's documents
  • Facebook Live: Discuss harm of Trump budget proposal on Louisiana coastal economy, restoration
  • Governor Edwards welcomes Pence with Medicaid, budget, Louisiana coast wishlist
  • World Premiere tonight in N.O. Bilderberg, the Movie

flynn2Despite General Michael Flynn’s announcement via his counsel that the General and former head of National Security, would take the 5th Amendment in Congressional proceedings, the Intelligence Committee will pursue information, regardless.

Read More

560 usgs land loss map 2The efforts to rebuild the Louisiana coast has suffered a major and immediate setback, assuming that Congress goes along with the most recent budget proposal from President Trump.

Read More

penceToday, Governor John Bel Edwards welcomed Vice President Mike Pence to Louisiana as he Veep is attending a event with top Louisianqa Republican officials. Along with the welcome, however, is a wishlist of requests including an item of recent vinctage involving the current Trump budget which tears a hole into the funding for the Louisiana coastal restoration. 

Read More

bilderbergIt is always an honor when a movie premiere is held in New Orleans and tonight is no exception. At 7:30 p.m. Bilderberg, the Movie will premiere at the historic Prytania Theatre, 5339 Prytania Street.

Read More


Sen. Appel talks budget, economy


Dead Pelican

Optimized-DeadPelican2 1 1