Louisiana

Bell Helicopter agrees to pay state $9.5 million over failed project

Bell Helicopters, which briefly operated an assembly facility next to Lafayette Regional Airport, has agreed to pay the state roughly $9.5 million dollars over its failure to meet job-creation goals.

The state’s Economic Development Agency cut ties with Bell in 2017, after having given the company generous tax credits to open the Lafayette facility. The deal was originally announced by former Governor Bobby Jindal in 2013, but it depended on Bell expanding its Hub-City employment, which it failed to do.

The company has since moved its operations to Texas.

Meanwhile Swiss Helicopter Company Kopter Group AG has moved into the location, and should be building aircraft in 2021.