BATON ROUGE, LA—Louisiana Gov. Bobby Jindal and Stepan Company, of Illinois have reached a deal for the development of a $60 million to $70 million chemical production facility in the existing industrial corridor of Ascension Parish.
The company, headquartered near Chicago, recently authorized the feasibility work and will make a final investment decision on the project in the second quarter of 2015.
If completed, the project would create 33 new direct jobs with an average annual salary of $70,000 per year, plus benefits. Louisiana Economic Development estimates the project will result in an additional 98 new indirect jobs, for a total of more than 130 new jobs in the state. Another 65 construction jobs would be created by the project.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
