Market Commentary and Intraday News
Louisiana: 350 new jobs coming to Camp Minden site
292 days ago
(AP:CAMP MINDEN, La.) A planned maintenance facility for military vehicles at a north Louisiana National Guard training site is forecast to create 350 new jobs.
Tiburon Associates Inc. and the state economic development department announced the plans for the facility at Camp Minden in a news release Monday.
The state offered Tiburon a loan of $500,000 that's forgivable if the company meets payroll commitments.
The state says Tiburon plans to hire 40 employees in August as it begins operations with the reconditioning of heavy-duty trailers from the Red River Army Depot. Tiburon's employment will reach 100 by the end of 2012 and it will increase its jobs at Camp Minden to 350 in the next three to five years.
Gov. Bobby Jindal said Tiburon chose Camp Minden over sites in Texas and Arkansas.
"Tiburon overhauls vehicles that have seen action in combat and ensures that equipment continues to be battle-ready," Jindal's statement said." The bottom line is that this project will help create good jobs for our people and make sure that the most powerful military in the world has the resources needed to defend our freedom."
The economic development department said that, in addition to the 350 people hired by Tiburon, the facility is expected to lead to creation of 577 indirect jobs.
"We feel we have all the pieces to make the Camp Minden facility a full-service maintenance provider to the Department of Defense," said Jack Blalock, senior business development manager for Tiburon.
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