Lafayette Region Energy
A Global Leader
Acadiana’s stretch of highway 90, also known as America’s Energy corridor is dominated by hundreds of companies supporting the oil and gas industry. Over 80 percent of offshore oil rigs are located off the coast, offering a tremendous opportunity for companies manufacturing products or delivering services to the energy industry.
Significant investments in Acadiana include:
Executive VP, Economic Development
Operating out of its regional headquarters in Morgan City, Oceaneering International offers its Gulf Coast customers remotely operated vehicles, built-to-order specialty subsea hardware, deepwater intervention and manned diving services, non-destructive testing and inspection, and more. Oceaneering’s focus is deepwater drilling making Acadiana a perfect base for its operations.
What began as a one-crew casing company operating out of a garage in 1938 has grown into a remarkable entrepreneurial success story in Acadiana. Working with customers such as Shell, ExxonMobil, and Chevron, Frank's International established itself as a true pioneer in deepwater services. While Frank’s now spans the globe, operating in over 60 countries, its Acadiana location remains its flagship where it employs several hundred people to complete its manufacturing operations.
Acadiana values its energy industry, and will align state and local resources to provide customized incentive packages for businesses looking to grow.
A few standard incentives are outlined below:
Industrial Tax Exemption Program
Provides a 100% property tax abatement for an initial five-year term with an option for a five-year renewal on manufacturer’s qualifying capital investments.
Quality Jobs Rebate
The Quality Jobs program offers a cash rebate for companies that create well-paid jobs and promote economic development in Louisiana.
Digital Interactive Media and Software Development Incentive
The nation’s strongest, most comprehensive incentive for software development. Using this, software development companies of all sizes gain a competitive edge with no cap or minimum requirement for entry.
You can find a full list of standard incentives by visiting our incentives page:
A Better Bottom Line
- No. 4: Lowest Industrial Electricity Rate - U.S. Energy Information Administration, EIA
- No. 1: Workforce Training Program - Business Facilities
- No. 7: Best Cost of Doing Business - Business Facilities
- No. 4: Favorable Regulatory Environment - Area Development
A right-to-work state for more than three decades, Louisiana ranks in the Top 10 for lowest rates of private workforce unionization. It is also home to LED FastStart, the nation’s No. 1 state workforce development program, which creates customized workforce recruitment, screening, and training solutions. A number of Louisiana universities have specific programs and research strengths related to the energy industry and graduate new chemical engineers each semester.
University of Louisiana at Lafayette
UL Lafayette's College of Engineering is its largest undergraduate program boasting over 2,700 undergraduate students, 177 master’s students, and 41 PhD students representing 45 states and 25 countries. The college focuses on providing “hands-on” learning experiences with a strong emphasis on internship and cooperative learning experiences. Over 200 companies regularly recruit its Engineering and Technology graduates.
Louisiana State University
LSU is the only university in North America where future petroleum engineers can get hands-on training in well control by working at a full-scale research and training facility. The Petroleum Engineering Research & Technology Transfer Laboratory — also commonly referred to as the Well Facility — is an industrial-scale facility with full-scale equipment and instrumentation related to borehole technology.
Marine Safety Center, Morgan City
A part of the South Central Louisiana Technical College system, this center moved a portion of training to water front property in 2005. Located on the new site is a hydraulic crane, a flashover fire trainer, GMDSS lab, and state of art Radar simulation lab offering state-of-the-art training to the offshore drilling workforce.
Learn more about our capable workforce:
Access and Infrastructure
Acadiana is a prime location for your business. A logistical hub, the region is strategically located at the intersection of Interstates 10 and 49. It provides access to 38 interior states via the Mississippi River and countless international markets via the Gulf of Mexico. Within the Acadiana region alone are: TWO commercial airports, THREE Class I rail systems, FIVE coastal ports, and TWO inland ports.
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