The India-based company expects to create 135 direct new jobs in DeSoto Parish. Louisiana Economic Development estimates the project will result in 251 indirect new jobs, for a total of 386 potential new jobs in the Northwest Region.
The RoyOMartin OSB plant is one of the parish’s largest employers, and as a result of this expansion, the company will retain its 232 full-time employees who earn an annual average salary of $75,000.
Flash flooding warnings in Tallahassee, Florida, and other parts of the South persist as Louisiana officials survey tornado damage in Slidell. CBS News correspondent Tom Hanson has the latest on the severe weather.
Despite an S&P rating upgrade ahead of this week's GO bond deal, Louisiana paid a wider spread to a 10-year benchmark than it did a year ago. Longer maturities saw tighter spreads on from a year ago.