BATON ROUGE, Louisiana -- Louisiana Economic Development Corp. (LEDC) has awarded Gulf Island Fabrication (GIF) $2.3 million in performance-based financial assistance from the Economic Development Award Program (EDAP) to expand its Houma, Louisiana, facility.
Gulf Island Fabrication is investing approximately $27 million into the marine division expansion. Over two years, the company will use EDAP funds to improve an industrial-grade surfaced roadway, a publicly owned sewage collection system, and a water line with fire hydrants and drainage system. The expansion will create at least 200 new, permanent jobs, according to GIF.
"Expanding and growing our existing Louisiana businesses is our number one goal in economic development," says Gov. Bobby Jindal. "We have to start by ensuring that we are supporting our existing Louisiana companies already in the state, and build on that success by recruiting businesses and industries from all across the country and the world.
"This expansion project at Gulf Island Fabrication will create 200 new high-paying jobs in Terrebonne Parish and retain hundreds more. This is exactly the kind of business success, job creation and economic expansion that we must further in order to make Louisiana the best place in the world to raise a family, get a quality education and pursue a great career."