TX: Layne Christensen to Move HQ to The Woodlands, Create 210 Jobs
7 Dec, 2012
Gov. Rick Perry announced Layne Christensen Co. is moving its global headquarters to The Woodlands, creating 210 jobs and $6.7 million in capital investment. $1.3 million from the Texas Enterprise Fund (TEF) is being offered to finalize this headquarters move and job creation. Execution of a state agreement is contingent upon finalization of local incentives.
“The Lone Star State continues to fuel the nation, providing the oil and gas products that keep America running and the job creation that has helped strengthen our economy,” Gov. Perry said. “Our commitment to a skilled workforce along with our low taxes, reasonable regulations and fair courts, are what companies like Layne Christensen are looking for as they expand their operations.”
Layne Christensen Co. is a global water management, construction and drilling company providing solutions for water, mineral and energy challenges. Its customers include government agencies, investor-owned water utilities, heavy civil construction contractors, oil and gas companies and agribusiness. It is currently headquartered in Kansas.
“We are grateful for the interest and support of Gov. Perry, Lt. Gov. Dewhurst, Speaker Straus, their respective staffs, and the Texas Enterprise Fund,” President and CEO Rene Robichaud said. “As the world energy capital, we believe that Houston will provide an outstanding foundation for both consolidating Layne’s global leadership team and expanding our operations, most notably our total water management solutions business for the oil & gas industry.”
"We are thrilled to welcome Layne Christensen as the newest member of The Woodlands area's corporate community,” The Woodlands Area Economic Development Partnership CEO Gil Staley said. "The decision to relocate their corporate headquarters to our community reaffirms that The Woodlands area is uniquely positioned to provide the best business environment, from its vibrant economy to a superior quality of life.”
The Legislature created the TEF in 2003 and has re-appropriated funding in every legislative session since then to help ensure the growth of Texas businesses and create more jobs throughout the state. TEF projects must be approved by the governor, lieutenant governor and speaker of the House. The fund has since become one of the state’s most competitive tools to recruit and bolster business. To date, the TEF has invested more than $482 million and closed the deal on projects generating more than 64,914 new jobs and more than $17.4 billion in capital investment in the state.
For more information about the TEF, please visit http://www.texaswideopenforbusiness.com/incentives-financing/tef.php or http://www.governor.state.tx.us.