BATON ROUGE, La. — Louisiana Economic Development (LED) announced historic economic development results for 2025, marking the largest year of capital investment and job creation in the state’s history. Since January, companies have committed more than $61 billion in capital investment and announced over 9,300 direct new jobs statewide, setting a new benchmark for Louisiana’s economic competitiveness.
The newly announced positions carry an average annual salary of approximately $91,000, nearly $30,000 above the state average, signaling a shift toward higher-wage, high-impact employment opportunities for Louisiana workers.
“This is what winning looks like. Louisiana is no longer defined by what we were, but by what we are becoming,” said Governor Jeff Landry. “We have entered a new era of growth powered by businesses that believe in Louisiana and our people. As we carry this momentum into the new year, one thing is clear: there is now a new standard for how Louisiana competes and wins.”
Momentum Builds into Year-End
Louisiana is closing the year with unmistakable momentum. In just the past several weeks, companies have announced more than $11.2 billion in new investment and nearly 2,500 new jobs across the state. These projects reinforce Louisiana’s strength in established industries while accelerating growth in emerging sectors, including advanced manufacturing, energy, defense and digital infrastructure.
Recent Project Announcements Include:
- Saronic Technologies, Inc.: Saronic is investing $300 million to expand its Franklin shipyard, advancing large-scale autonomous vessel production and reinforcing Louisiana’s leadership in maritime manufacturing and defense-sector innovation.
- SLB: SLB is doubling its Shreveport footprint through a $30 million expansion, supporting growing demand for digital infrastructure and advanced technology manufacturing.
- Epic Piping: Epic Piping is expanding its corporate headquarters in Livingston with a $25 million investment, increasing capacity to serve rising demand across natural gas, nuclear and data center markets.
- ElementUSA: ElementUSA is investing $850 million to develop a rare earth and critical mineral refining facility in Southeast Louisiana, strengthening domestic supply chains essential to advanced manufacturing, national defense and energy technologies.
- Hut 8: Hut 8 announced plans to invest $10 billion to develop an artificial intelligence data center campus in West Feliciana Parish, supporting global industry leaders including Fluidstack, backed by Google.
A New Standard for Growth
“Louisiana’s performance this year shows what is possible when we align our strategy with the needs of our workers and the ambitions of our businesses,” said LED Secretary Susan B. Bourgeois. “This growth isn’t just measured in dollars invested; it’s measured in the quality of jobs being created. With new positions averaging more than $91,000 annually, more Louisiana families are accessing wages that can truly change lives. This is the progress we planned for — and it’s only the beginning.”
These announcements cap a year of sustained economic success across Louisiana. As LED approaches its 90th anniversary in 2026, the agency remains focused on building on this momentum and continuing to position Louisiana as a premier destination for investment, innovation and job creation.
About Louisiana Economic Development
Louisiana Economic Development is responsible for driving capital investment, job creation and economic opportunity for the people of Louisiana and employers of all sizes. Learn more about how LED is positioning Louisiana to win at OpportunityLouisiana.com.
Media Contacts:
Emma Wagner
Communications Director
Louisiana Economic Development
Emma.Wagner@la.gov
912.467.2117
Jacey Wesley
Strategic Communications Manager
Louisiana Economic Development
Jacey.Wesley@la.gov
225.342.5536
