Edwards: Tech corporation's expansion means 2000 jobs

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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".

According to officials, a technology firm will make its way to New Orleans and bring close to 2,000 jobs to the state.

One source told the Advocate, the business expansion represents "the most permanent jobs" for a single (LED) Louisiana Economic Development project in state history.

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DXC is a publicly traded information technology company created previous year, after acquiring parts the Enterprise Services segment of Hewlett Packard Enterprise. DXC Technology's decision to locate its Digital Transformation Center in New Orleans will no doubt propel our city to a new level of prominence and give rise to additional business attraction in New Orleans. The company's arrival follows the state's post-Katrina push for tech profusion, bolstered by tax credits and an ongoing narrative among city leaders and public-private partnershipping programs that the city can and will "win" in the highly competitive tech industry. Hilton said the facility planned for New Orleans will be the largest digital transformation center it has built.

The Virginia-based information technology company was created earlier this year when Hewlett Packard Enterprise completed the spinoff of its Enterprise Services business, which merged with Computer Sciences Corporation. The company, valued at $25 billion, employs more than 150,000 people providing data and other IT services for 6,000 companies in 70 countries.

To secure the project, Louisiana offered DXC an $18.7 million incentive package in performance-based grants payable over five years, according to a statement from Louisiana Governor John Bel Edwards's office.

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Mrs Mogherini said the move would not only complement Nato's security aims but fill in gaps in the Atlantic alliance. At launch the focus will be project-driven such as the development new military equipment such as tanks or drones.

"This is an historic economic development achievement for our state", Edwards said.

The state economic development agency said incentives to land the company included almost $19 million in grants payable over five years.

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