First in Print: Nucor breaks ground on phase one

Staff reports

On Monday, March 7, Governor Bobby Jindal joined Nucor Corp. and surrounding Parish Officials to break ground on the first phase of Nucor’s new multiphase iron and steel manufacturing facility in St. James.

Louisiana Economic Development Secretary Stephen Moret said that, “The facility will be one of the largest industrial projects in Louisiana history, and could result in more than 1,250 new direct jobs, averaging approximately $75,000 per year, plus benefits, and $3.4 billion in capital investment.”

"After working for three years to attract Nucor to Louisiana, I am thrilled to join Nucor CEO Dan DiMicco and local officials to break ground on the first phase of this huge new job-creating project," said Gov. Jindal. "Nucor's decision to come to Louisiana instead of anywhere else in the nation or the world is a tremendous victory for Louisianians and sends yet another signal that our state is the best place for businesses to locate, grow and succeed. We are competing for the best businesses in the world. We have already announced project wins creating more than 39,500 new jobs since taking office, and the Nucor project will be a tremendous economic boost for Southeast Louisiana and our entire state for years to come."

"In terms of capital investment, jobs, tax revenues and the overall signal it sends about Louisiana's economic momentum, Nucor's project is one of the most significant wins in our state's history," said Moret. "After three years of aggressive recruitment efforts, we are excited to see this project finally set to move forward. It will generate a tremendous economic impact for St. James Parish and surrounding areas, Southeast Louisiana and our entire state for many years to come."

During the site selection process, Nucor evaluated several sites in the U.S. and abroad, and Gov. Jindal met with DiMicco and other Nucor executives several times to promote Louisiana as the best site for the project. In September 2011, Nucor selected Louisiana based on several factors including the state's workforce, competitive operating environment, and recent efforts by the state to eliminate business taxes that would have negatively impacted Nucor's competitiveness in Louisiana.