Louisiana ends helicopter facility deal, wants money repaid
BATON ROUGE, La. (AP) - Louisiana has ended its economic development deal with Bell Helicopter and is trying to recover millions of dollars in subsidies after the company failed to create the jobs promised.
Economic Development Secretary Don Pierson announced late Tuesday he made the decision after "four years of underperformance by the company." The deal with Bell Helicopter was highly touted when announced by former Gov. Bobby Jindal's administration in 2013.
Louisiana spent $26 million to build a facility for Bell to assemble helicopters in Lafayette and create 115 new jobs. Pierson says Bell employs 22 people at the site today, not even meeting renegotiated, lower job benchmarks.
The company disagreed Wednesday that it violated its Louisiana deal. Bell says with incentives discontinued by the state, it has started closure of its Lafayette facility.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Massive inferno at Hola Nola Foods facility likely sparked by electrical issue
INVESTIGATIVE UNIT: Employees fear 19 reports filed about broken prison cells fell...
Amazon investing $200M into new facility at former Cortana Mall site
It's back! WBRZ's annual July 4th fireworks show returns this year
Suspended LSU athletics officials used university emails to conduct business while on...