Governor Bobby Jindal, Louisiana Economic Development Secretary (LED) Stephen Moret and company officials announced today that Edison Chouest Offshore
(ECO) will expand its Louisiana shipyard operations at the Port of Terrebonne. The $10 million investment being requested by Governor Jindal in the second special session will help bring 1,000 new jobs with an average annual salary of $54,000.
At the Port of Terrebonne, Edison Chouest Offshore
, through its sister company LaShip, will build vessels to support growing deepwater offshore oil and gas industry needs for vessels with hull lengths greater than 350 feet. Pending legislative approval, the state will provide $10 million to support infrastructure improvements at the Port of Terrebonne to accommodate the company's expansion investment. The Port of Terrebonne also will receive a $4 million grant from the Governor's Rapid Response Fund to complete the infrastructure improvements.
This announcement follows the Jindal administration's recent announcement of requested budget line items to support retention and expansion of existing Louisiana businesses.