Electronic component manufacturer to build new $55.2 million Louisiana factory

MMR Group announced October 6 it would spend $55.2 million on a new factory in Lafayette Parish, Louisiana, for building electrical components. Among other applications, MMR’s modular electrical systems are used in power management for data centers and the semiconductor industry.

According to a company statement, the new assembly factory will employ an estimated 196 workers with an average annual salary of $85,000. The Louisiana Economic Development agency estimated the project would also add 335 indirect new jobs in the area.

The state of Louisiana, in exchange for MMR’s investment in the state, granted the electronics company $500,000 to help fund workforce development and renovations on the building that will become the new factory. Renovations on the purchased building are expected to finish before the end of the year, MMR Group said.

What people are saying

“For more than 30 years, MMR Group has helped power Louisiana’s economy, and this expansion proves how vital our homegrown companies are to the state’s success,” said Louisiana Governor Jeff Landry. “This administration is committed to ensuring that MMR, and all Louisiana businesses, benefit from the historic momentum we are seeing across our state, turning growth into opportunity for every region and every family.”

“MMR’s expansion is exactly what the Driving Louisiana Opportunity tour is all about, showcasing the companies that have long built our economy and created opportunities statewide,” LED Secretary Susan B. Bourgeois said. “Our record-setting retention and expansion efforts are ensuring Louisiana companies have the confidence to reinvest and grow right here at home.”

“This $55 million investment is a strong vote of confidence in Lafayette’s workforce and business climate,” Lafayette Mayor-President Monique B. Boulet said. “It brings nearly 200 new jobs for our residents and stability for families across Louisiana. Just off I-49, MMR will transform an existing building into a state-of-the-art assembly facility and continue to fuel an industry that powers our everyday lives. It's proof that when businesses choose Lafayette, they choose growth, innovation and opportunity for everyone.”

"We are thrilled to welcome MMR Group’s state-of-the-art assembly facility to Lafayette which represents a significant milestone in LEDA's ongoing economic diversification efforts,” Lafayette Economic Development Authority President and CEO Mandi Mitchell said. “This announcement builds on the momentum we've seen throughout 2025 since the announcement of Meta's major investment in Louisiana. Together, these projects reinforce Lafayette's position as a premier destination for advanced manufacturing and technology-driven industries. We look forward to a long and prosperous partnership with MMR Group."

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