John Deere is investing nearly 30-million dollars to expand operations at its Thibodaux facility. The expansion will result in 70 new jobs. The governor’s office says the state offered John Deere an incentive package, including a performance-based retention and modernization grant of up to one-million dollars.
“I think this is a prime way of how private and public partnerships should work and how we in government can incentivize through tax agreements and things like that ways to get our businesses to grow,” said Lafourche Parish President Archie Chaisson.
The 70 new jobs will have an average annual salary of $47,472 and the expansion will also retain 311 jobs. Chaisson says John Deere’s expansion is a huge win for Lafourche.
“It helps our residents build quality lives for themselves and helps pay their kids tuition and hopefully send them to Nicholls and hopefully those kids will stay right here in Thibodaux and do some great things for us long-term as the next generation,” said Chaisson.
The expansion involves a new production line and upgraded equipment, which will allow the Thibodaux facility to produce medium-chassis cotton harvesting models that will replace existing models in China.
Chaisson says these new cotton harvesters shows how competitive Lafourche can be.
“It is always good especially in today’s global climate to see American jobs being put back into place, anything that we can do to take foreign jobs and bring them back home and put our people back to work,” said Chaisson.
The company expects production of the new cotton harvesters to begin within the next two years and reach full capacity by 2025.
https://www.loc8nearme.com/louisiana/thibodaux/john-deere-thibodaux-works/6948491/
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