Louisiana Earns 2020 Silver Shovel Award For Economic Development Wins
Area Development magazine recognizes Louisiana for job creation and business investment impact
Area Development magazine has recognized Louisiana for one of the nation’s best economic development performances in the past year by presenting the state with a 2020 Silver Shovel Award. The 2020 Gold & Silver Shovel Awards honor states that create the most significant impact from 10 leading investment and job creation projects during 2019.
“This award recognizes Louisiana’s longstanding ability to attract major investments and create quality jobs for our talented workforce,” Gov. John Bel Edwards said. “Our economy continued to show good momentum again this year until the COVID-19 pandemic struck. We will put the strengths of our business climate to their best use as we move forward in the coming months. Thanks to Area Development for this welcome recognition.”
Louisiana’s projects included LHC Group’s 500-job home office expansion in Lafayette and Medline’s 464-job distribution center near Covington. Four of the year’s industry announcements featured large capital investment components: South Louisiana Methanol’s $2.2 billion methanol complex in St. James Parish, Valero/Diamond Green Diesel’s $1.5 billion alkylation and renewable diesel projects in Norco, a $1.4 billion investment by Methanex for a methanol plant in Geismar and Shell Chemical’s plans for a $1.2 billion manufacturing expansion at Geismar.
Other Louisiana projects include Bagwell Energy’s 240-job expansion at its Port of Delcambre fabrication center, ExxonMobil’s $469 million investment for a propylene manufacturing unit in Baton Rouge, Ernst & Young’s addition of 200 corporate jobs in New Orleans and SNF’s $375 million expansion for its polymer production plant in Plaquemine.
Louisiana’s economic development projects merited a 2020 Silver Shovel Award in the category for states of 3 million to 5 million people.
Area Development collected information from all 50 states on their top job creation and investment projects. The 2020 Shovel Awards reflect major projects that broke ground, began hiring or invested money in 2019.
The 2020 Silver Shovel Award joins other recent economic development honors and recognition for the state:
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