NEW ORLEANS, LA (WVUE) - The Louisiana governor is expected to make one of the most significant economic development announcements in the state's history Monday.
DXC Technology, a global tech company that consults with the private sector and governments, will bring more than 2,000 jobs to downtown New Orleans as part of a company expansion.
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.
The source said in the report that they will hire 300 workers by the end of 2018.
DXC was created in April 2017 by a merger of two longstanding companies in the U.S. tech sector: HP Enterprises, once part of Hewlett Packard, and Computer Sciences Corp., known as CSC.
The report says the company offers IT services include business processes like billing systems, moving companies into the cloud, security services and government contracting.
According to Capitol Correspondent Kevin Frey, the firm has "Good paying jobs in the $70,000 range," and will be headquartered in New Orleans.
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).
"We're thrilled to become a member of the New Orleans community, and want to thank the leadership of the City of New Orleans and State of Louisiana for their exceptional work in bringing DXC and several thousand jobs to the area," said Mike Lawrie, DXC Technology's chairman, president and CEO.
Announced in May 2016, the merger completed by CSC and HPE's Enterprise Services Division in April 2017 created the world's leading independent, end-to-end IT services company. Over the past several months, the company embarked on an exhaustive search of dozens of cities for the establishment of a Digital Transformation Center in the Americas. With the selection of New Orleans, the city and surrounding region will experience a dramatic economic impact from the DXC Technology project.
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). DXC will receive the comprehensive workforce solutions of LED FastStart, while the $25 million higher education initiative will provide grants directly to Louisiana college campuses over five years for faculty, curriculum and other instructional resources that support the project. DXC also is expected to utilize Louisiana's Quality Jobs Program.