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Tech company's expansion could bring 2000 jobs to New Orleans

14 November 2017

Governor John Bel Edwards is scheduled to make what his office says is "one of the most significant economic development announcements in Louisiana history".

One source, speaking on the condition of anonymity, told Frey the announcement will involve the largest number of permanent jobs ever produced in a single project by Louisiana Economic Development (LED).

Updates on the announcement will be provided as more information becomes available.

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At an announcement outside the Superdome Nov. 13, city and state officials didn't mince words about the company's arrival.

"I'm thrilled to welcome DXC Technology to the City of New Orleans", Mayor Landrieu said. Greater New Orleans Inc.'s Michael Hecht said the arrival of DXC "emphatically validates New Orleans as a place for business and tech".

Tech sector jobs are among the highest paying and highly sought after. The company formed earlier this year as the result of a merger of CSC and the Enterprise Services business of Hewlett Packard Enterprises.

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According to DXC's corporate profile, the company has 155,000 employees in more than 70 countries, serving some 6,000 clients.

Edwards said the company's arrival also will contribute $64 million in tax revenue from 2018-2023 with an estimated $3.2 billion regional economic impact and the creation of roughly 2,500 new indirect jobs. "DXC Technology could not have made a better selection than to choose New Orleans for their Digital Transformation Center, and we embrace the challenge of preparing our best and brightest students for this remarkable opportunity". The company also will work with the state-backed Louisiana Economic Development's FastStart workforce development program.

To secure the project, the state of Louisiana offered the company a competitive incentive package with $18.7 million in performance-based grants payable over five years and to include a flexible performance-based grant ($15 million), a performance-based parking assistance grant ($2.2 million) and a performance-based demolition grant ($1.5 million).

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Tech company's expansion could bring 2000 jobs to New Orleans