Posted: Oct 20, 2010 3:51 PM by Russell Jones
Source: Office of the Governor
The Port Hudson Mill in East Baton Rouge Parish is getting a $300 million upgrade that will create hundreds of new construction jobs and keep its current workforce busy.
Governor Bobby Jindal and officials with Georgia-Pacific announced today that the mill was one of two sites picked to receive upgrades to make the next generation of tissue paper. The investment will let the mill keep its 1,000 workers and create 400 construction-related jobs from 2010 to 2012.
“Georgia-Pacific has long been one of the largest, most important employers in the Capital Region,” Jindal said, “and this $300 million modernization project will ensure that GP continues to be a major contributor to our economy for years to come.”
"We spend a lot of time and effort trying to recruit new businesses and industries to East Baton Rouge," Mayor-President Melvin L. “Kip” Holden said, "but it’s also important for us to encourage existing companies like Georgia-Pacific to remain here and invest in our parish as well.”
In order to secure the project, the state offered Georgia-Pacific an incentive package that includes a $3 million refundable state tax credit and $300 million in GO Zone bonds. Georgia-Pacific also is expected to take advantage of the state’s Industrial Tax Exemption Program.
Engineering and other related work will begin immediately, and Georgia-Pacific expects the upgrades to be ready for operation in 2012.
Photo courtesy of Fulghum Fibres