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K&B Machine

Schriever/Bayou Region

The Mission 

K&B Industries began operations in the Bayou Region in 1974 and has grown into a leading supplier of premium threading, manufacturing and engineering services for the aerospace and oil and gas industries.

The Challenge

K&B Machine already owned a customer inventory building and a $40 million manufacturing complex in Terrebonne Parish when the company decided to increase production  to keep pace with the state’s growing aerospace and semiconductor manufacturing equipment markets.

The Opportunity

Louisiana offered a competitive incentives package that included:

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Performance-based retention and modernization tax credit of $400,000 subject to the achievement of payroll and investment targets.

Qualified 80-percent property tax abatement for up to 10 years through the state’s Industrial Tax Exemption Program, contingent on meeting job creation and payroll commitments.

Up to a 6 percent rebate on annual payroll expenses for up to 10 years, and a 1.5 percent project facility expense rebate for qualifying expenses, through the state’s Quality Jobs program. 

Performance-based retention and modernization tax credit of $400,000 subject to the achievement of payroll and investment targets.

Qualified 80-percent property tax abatement for up to 10 years through the state’s Industrial Tax Exemption Program, contingent on meeting job creation and payroll commitments.

Up to a 6 percent rebate on annual payroll expenses for up to 10 years, and a 1.5 percent project facility expense rebate for qualifying expenses, through the state’s Quality Jobs program. 

The Outcome

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2023

K&B Machine Works, doing business as K&B Industries, announced it will expand its advanced manufacturing division by establishing a new production base at a recently acquired facility in Terrebonne Parish.

$12 million

capital investment

70

new direct jobs

78

new indirect jobs

350

retained jobs

118,000

square foot facility

2023

K&B Machine Works, doing business as K&B Industries, announced it will expand its advanced manufacturing division by establishing a new production base at a recently acquired facility in Terrebonne Parish.

$12 million

capital investment

70

new direct jobs

78

new indirect jobs

350

retained jobs

118,000

square foot facility

Noteworthy

  • LED honored the manufacturer with a 2012 Lantern Award for Excellence in Manufacturing.

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