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Louisiana's incentive package for DXC Technology worth $44M

13 Novembre 2017

Louisiana Governor John Bel Edwards and New Orleans Mayor Mitch Landrieu are holding a news conference in the city to announce a "significant economic development".

The Tysons Corner, Virginia-based company will open a new center downtown - leasing as much 300,000 square feet of office space and hiring the 2,000 workers over the next seven years, through 2024. DXC serves almost 6,000 major clients in 70 countries around the world, and the New Orleans center will support a global clientele.

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).

The average salary will be $63,000, plus benefits, Edwards said, noting that the company selected New Orleans over several other states and locations that were vying for the project.

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The LSU Economics & Policy Research Group has estimated the project means $64.3 million in new state taxes, $868.4 million in new earnings and a total economic output of $3.2 billion. The program will focus on degrees at LSU, the University of New Orleans, Southeastern Louisiana University and Delgado Community College.

To secure the project, the state offered the company a competitive incentive package with $18.7 million in performance-based grants payable over five years.

In addition to the 2,000 jobs, Louisiana Economic Development estimate the project will result in 2,257 new indirect jobs, for a grand total of more than 4,250 jobs in the state. "It's a home run for the entire tech ecosystem statewide". The Times-Picayune that DXC Technology, a global tech company that consults with the private sector and governments, will bring 2,000 jobs to downtown New Orleans as part of a company expansion. "We look forward to establishing our local presence and, as a vital partner, contributing to the recognition of New Orleans and Louisiana as leading technology and growth centers", said Mike Lawrie, chairman, president, and CEO of DXC Technology.

Louisiana's incentive package for DXC Technology worth $44M