For the second year in a row, a major economic development project in Louisiana has been recognized by Business Facilities as the Platinum Deal of the Year. Governor Jeff Landry says Business Facilities has recognized the Hyundai Steel mill in Ascension Parish as the nation’s most significant development announcement of 2025.
“Nearly $6 billion of investment, and the first steel mill in 60 years to be built from the ground up,” Landry said.
Hyundai Steel will build its steel mill on a 1,700-acre site in Donaldsonville. The project was announced last March at the White House, and it’s expected to generate more than 5,400 jobs. Landry says the honor follows Louisiana’s 2024 Platinum Award for the Meta AI data center in Richland Parish.
“These back-to-back wins show that Louisiana is open for business,” Landry said.
Landry says Louisiana is the first state to earn back-to-back top honors.
“It confirms who we know. Louisiana’s competing, and Louisiana is winning. And they’re winning on a national level,” Landry said.