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SLB

Shreveport/Northwest Louisiana

 

The Mission 

SLB is a global technology company that drives energy innovation for a balanced planet, innovating oil and gas, delivering digital at scale, decarbonizing industries and developing and scaling new energy systems that accelerate the energy transition.

The Challenge

SLB sought to establish a manufacturing facility that would leverage the global technology company’s capabilities in contract manufacturing, system integration and industrialization of digital infrastructure equipment that support its core mission of energy innovation for a balanced planet.

The Opportunity

To secure the project in Shreveport, the state of Louisiana offered SLB a competitive incentives package that includes:

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Recruitment and training support from Louisiana’s nationally recognized workforce development program, LED FastStart.

Performance-based grant of $4.5 million for building and infrastructure improvements upon meeting investment and employment targets.

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.

Recruitment and training support from Louisiana’s nationally recognized workforce development program, LED FastStart.

Performance-based grant of $4.5 million for building and infrastructure improvements upon meeting investment and employment targets.

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

SLB announced plans to establish a manufacturing facility in the former GM plant in Shreveport. The project will repurpose 1 million square feet and achieve production at full capacity by the end of 2026.

$18.5 million

capital investment

596

direct new jobs

749

indirect new jobs

$50M+

projected annual payroll by 2026

2023

SLB announced plans to establish a manufacturing facility in the former GM plant in Shreveport. The project will repurpose 1 million square feet and achieve production at full capacity by the end of 2026.

$18.5 million

capital investment

596

direct new jobs

749

indirect new jobs

$50M+

projected annual payroll by 2026

“LED and its nationally recognized workforce development program FastStart will be an important partner in helping us to train the skilled workforce that will make this project a success.”

– Bruce Miller, SLB’s Vice President of Industry Affairs for North America

Noteworthy

  • SLB, formerly known as Schlumberger, has subsidiary operations in Morgan City, New Iberia, Berwick and Broussard. It is one of the top employers in Lafayette Parish, where it announced in 2022 it will invest $11.5 million to centralize its North Gulf Coast divisions in a centralized hub.

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