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Locations, Expansions & Closings in North Louisiana 

The first half of 2012 is bustling with activity.  NLEP is the busiest its ever been with new companies considering North Louisiana for a business location or expansion. For January and February, NLEP had 8 new projects entered into our pipeline/database. In March alone, we nearly doubled that with 14 new projects.

In 2011, NLEP and its state and local partners successfully completed 16 projects with the potential to generate 635 to 834 new jobs and $203 million to $225 million in capital investment . In addition to these announcements, NLEP is currently working 61 active projects which have the potential to generate $2.34 to $2.49 billion in investment and 5,677 to 8,615 jobs . 

Locations & Expansions

These projects represented just some of the expansion and location projects that happened in North Louisiana from 2011 to current.  NLEP always works projects in partnership with state or local partners.  

• Ronpak, a leading manufacturer of custom printed paper bags, packages and food wraps, announced May 7, 2012, it would relocate its corporate headquarters from South Plainfield, New Jersey to Shreveport-Bossier, Louisiana, adding an additional 100 jobs to the 175 jobs announced on July 28, 2011. Last year, Ronpak announced it would invest $16.8 million to build a new 155,000 square foot manufacturing facilities at the Caddo-Bossier Port. By 2018, Ronpak will employ 275 people in Shreveport with an average annual salary of more than $40,500, plus benefits.
• JPMorgan Chase,  a NLEP investor, announced 400 new jobs at its mortgage operations in Monroe, Louisiana for 2012. The additional new jobs will make Chase the largest employer in Ouachita Parish with a total of 2,600 employees. The company points to its ability to hire and retain exceptionally talented people who make its operation a success as the reason for its expansion in Monroe. 
• Epic Boats, a recent start-up company based in California, will generate 45 to 50 new jobs and $800,000 in capital investment.
• HCC High Capacity Coil's location project will create 55 new jobs and $20 to $22 million in capital investment.
• Schlumberger, an international company with local offices, will expand in the region, generating more than 30 new jobs with a capital investment of nearly $20 million.
• Hand Construction, a Caddo Parish based construction company and NLEP investor, is expanding its facilities generating 5 to 10 jobs and $2 million in capital investment.
• Pulpmill Services, Inc., a Ouachita Parish company that specializes in custom metal fabrication, is expanding its operations in Monroe, La., generating approximately 50 jobs and $1.25 million in capital investment.
• Music Mountain invested $9.3 million to add a 200,000-square-foot injection molding facility at its Shreveport plant. The expansion will create 25 new jobs and retain 70 existing jobs. The project will allow Music Mountain Water to create one-gallon water bottles right here in North Louisiana. Previously, Music Mountain Water had to outsource this process to an out-of-state facility.
• CenturyLink, the third largest telecommunications company in the U.S., announced in 2011 the addition of 800 new jobs in the next five years at its Monroe headquarters. In addition to the 350 jobs announced in 2009, CenturyLink's expansion will generate a total of 1150 new jobs and $30 million in capital investment to build additional office space. CenturyLink is an investor and client of North Louisiana Economic Partnership. NLEP's workforce marketing program, NEON, has been assisting CenturyLink for nearly a year to enhance its recruitment of talent from its three acquisitions, Embarq, Qwest and Savvis.

Closings & Layoffs

• CQMS Razer shut down its steel foundry in Mansfield, Louisiana in December 2011, displacing 166 employees. The company sited increasing international competition and declining demand for its products as reasons for the closure.  The Australian-based company specializes in the design and manufacture of drag line buckets used in open cut coal mining for over-burden removal and hydraulic excavator lip system used in all forms of above ground mining. NLEP and its partners are actively recruiting a new company to take over the recently closed foundry in DeSoto Parish.
• Next AutoWorks , a start-up automobile manufacturing company, announced it would give up plans to build a fuel efficient car in Ouachita Parish after the U.S. Department of Energy rejected the company's loan application.  
• Southern Plug closed its Bastrop manufacturing facility after fire destroy the building, displacing 60 workers.
• SureGreen Mulch in Ruston, La. closed its mulch production and operations, displacing 17 workers.
• The Office of Behavioral Health shut down its statewide operations, permanently laying off 84 employees in North Louisiana.
• Capital One Bank closed its Bossier City branch, displacing 29 employees.
• Caddo Parish School Board laid off 60 employees.
• Claiborne Parish School Board laid off 50 employees.
• The News-Star, a Monroe based newspaper, laid off 27 employees.
• Grambling State University laid off five employees due to state budget cuts.
• Highland Development Child Care Center in Shreveport, La. closed its doors, displacing 17 employees.
• Berry Plastics, a Monroe company manufacturing molded plastic packaging, laid off 36 workers.