Faith Technologies Incorporated (FTI) Adds New Location in Right to Work Louisiana
Faith Technologies Incorporated (FTI) is adding a new location soon in Right to Work Monroe, Louisiana. In order to cover the cost, the company is investing a total of $80.5 million in the project. They will also create around 200 jobs for the community, so this is exciting economic news!
From Area Development Magazine:
“Monroe represents an exciting opportunity for FTI as we continue expanding our manufacturing capabilities to meet growing demand for innovative energy and electrical solutions. […] This facility will allow us to grow strategically while creating high-quality career opportunities and investing in the future of skilled manufacturing in Northeast Louisiana. We’re proud to bring our Culture of Care to Monroe and look forward to building strong relationships within the community.” […]
“Louisiana is seeing the benefits of our historic economic momentum build on itself. […] As new companies continue to choose our state, we are seeing suppliers, partners and supporting industries follow. This announcement is another sign that Louisiana is building the business ecosystem and supply chain capacity needed to strengthen our competitiveness and create new opportunities for our people and communities.” […]
“FTI’s investment in Ouachita Parish is a major milestone for Northeast Louisiana and further demonstrates that our region is attracting the attention of industry leaders and earning recognition as a destination for industrial growth and business expansion. […] Companies around the world and from all sectors are taking a fresh look at Northeast Louisiana, and communities throughout our region are beginning to see the benefits of that increased interest, confidence and activity.”
To read the previous economic update on Right to Work states, click here.