11/05/2009
InterMoor Inc. Announces Major Expansion In Morgan City
Expansion will retain 250 jobs, while
creating 320 new direct jobs and more than 400 indirect
jobs
MORGAN CITY, La. - Today, Gov. Bobby Jindal joined Morgan City
Mayor Tim Matte and InterMoor President Tom Fulton to announce
InterMoor Inc. will expand its operations in Morgan City, La. The
$17.2 million capital investment will allow the company to retain
250 jobs and create 320 new jobs in the next five to seven years at
an average annual salary of $60,000, plus benefits. Louisiana
Economic Development estimates the project will also lead to the
creation of approximately 433 indirect jobs, once the project is
fully ramped up.
"This announcement shows that Louisiana is strongly committed to
helping existing companies grow and ensuring that our people have
good paying jobs," said Gov. Jindal. "We are no longer a state that
just watches company after company leave like we saw too often in
years past. We are committed to growing companies already operating
in Louisiana, while continuing to aggressively pursue new business
investment to increase the economic momentum of our state."
InterMoor will remain in St. Mary Parish, but will relocate from
its current location in Amelia, La., to a 24-acre site owned by the
Port of Morgan City. LED estimates the expansion will generate more
than $8 million in new, state tax revenues and nearly $7 million in
new, local tax revenues in its first five full years of
operations.
"InterMoor is looking forward to becoming a member of the Morgan
City business community, and we appreciate the continued support
from the Port Commission and other state agencies in working to
make this new facility a reality," said Fulton. "This new 24-acre
facility will be a realization of a long-term goal, which shows our
commitment for growth to our employees, the community of Morgan
City and the oil and gas industry."
A subsidiary of Acteon, InterMoor Inc. designs, supplies and
deploys technically advanced mooring systems and provides rig-move
and back-of-the-boat installation services worldwide.
