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.
Released by Louisiana Economic Development on November 5, 2009