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The Center Square
GE Vernova plans Shreveport expansion with state incentives
(The Center Square) – GE Vernova will receive a $300,000 performance-based grant from the state as part of its $34.5 million plan to expand its Shreveport transformer plant and add 175 jobs, the company announced Tuesday. Louisiana Economic Development confirmed it offered the incentive, saying that the company is also expected to participate in the state’s Quality Jobs and Industrial Tax Exemption programs. The grant represents only part of the potential taxpayer cost of supporting the expansion. Neither the organization, referred to as LED, nor the company disclosed the estimated value of the anticipated incentives in their announcements. The releases also did not specify wages for the new jobs or the hiring and investment requirements attached to the grant. The Center Square was unable to independently verify the total public cost on Tuesday. No response has been received from GE Vernova to questions about wages, incentive values, and performance requirements. LED said the project would retain 637 existing positions. “Electricity demand is growing, and transformers are part of the critical grid equipment essential to delivering the power our customers and modern economies depend on,” said Philippe Piron, CEO of GE Vernova’s Electrification segment. According to LED, the expansion at 7000
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Quitman High School Students Visit Bienville Lumber Company
In celebration of Manufacturing Month, Bienville Lumber Company, LLC was proud to welcome students from Quitman High School for a firsthand look at careers in the lumber industry! The joint venture of Hunt Forest Products and Tolko, Bienville Lumber is a state-of-the-art sawmill located in Taylor, LA, that produces Southern Yellow Pine lumber in a variety of lengths and grades.
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KTBS
Audit: Missing utility payments, credits to landlord accounts, unauthorized salary increases among Homer findings
HOMER, La. -- An investigative state audit of the Town of Homer found thousands of dollars in missing utility payments, improper credits to a town official’s landlord, unauthorized salary increases and more than $250,000 in unpaid payroll taxes, along with questions about how the mayor authorized more than $1 million in federal pandemic relief spending.
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Shreveport Times | The Times
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Benton businessman named one of 40 in the nation, a 'Rising Star'
In 2012, financial adviser Matt Stephens began his career in the business. 12 years later, he became the owner of Willow Chute Financial in Benton, where he still works with clients today. He was recently named as one of the 2026 Rising Stars by InvestmentNews. It is an elite list...