From the Associated Press:
Lockheed Martin Corp. plans to create 166 new jobs with a new project building tanks for liquefied natural gas storage and transportation.
Corporate officials and Louisiana Gov. Bobby Jindal made the announcement Tuesday at the Michoud Assembly facility.
Lockheed Martin is making a $3 million capital investment in the new project, Jindal said at a news conference. He said the first phase of the project is expected to begin in December.
In addition to the 166 jobs created by the new project, Jindal said LED expects the project to spur creation of more than 230 related jobs.
Initially the 88-foot-long tanks will be used in the maritime industry to fuel ships and transport fuel, officials said. However, the corporation said it will be able to make tanks in varying sizes for land-based storage and for transport of LNG on land and water.
"This is a great example of taking technology developed for our space program for other purposes and then transforming it into private sector use," said Jindal.
Lockheed Martin will be eligible to take advantage of the state's industrial tax exemption for new or expanding business. Jindal said the company also is expected to take advantage of a Louisiana Economic Development Department program that helps screen and train employees and a 12 percent payroll rebate program that could be worth an estimated $7.6 million over 10 years.
State and local officials have been working to replace thousands of jobs lost at Michoud with the demise of the shuttle program. New projects include Blade Dynamics Inc.'s project to construct wind turbines, estimated to bring 600 in the next few years.
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.