Tech firm to locate in NOLA, 'historic announcement' at 2 pm

The view of the skyline in downtown New Orleans on Friday

The company will establish a center in downtown New Orleans next year.

The source confirmed the spin off company is Virginia-based DXC Technology, which describes itself as an "end-to-end IT services company".

The announcement will be made at the Mercedes-Benz Superdome and is said to be one of the most significant economic development announcements in Louisiana history.

According to DXC's corporate profile, the company has 155,000 employees in more than 70 countries, serving some 6,000 clients. It also will provide $25 million directly to Louisiana colleges for faculty and instruction that will support DXC.

"This is an historic economic development achievement for our state", Edwards said. "DXC's selection of New Orleans represents the rarest and most promising economic development win that Louisiana or any state could hope for".

The project is estimated to generate $64.3 million in new state taxes from 2018 to 2025, the statement said.

In addition to the 2,000 new direct jobs, Louisiana Economic Development estimates the project will result in 2,257 new indirect jobs, for a total of more than 4,250 new jobs in the state's Southeast Region.

A "vast majority" of the jobs will be new positions added to the company's payroll, DXC spokesperson Rich Adamonis said in an email.

"You are witnessing a transformational moment in the history of the city of New Orleans", Landrieu said. For its New Orleans office, DXC will begin hiring 300 IT and other staffers, aiming for 2,000 over the next five years. DXC was lured to Louisiana with a $115 million tax incentive package, parts of which the state will use to fund faculty and curriculums within the state's university systems to build a skill-specific jobs pipeline, along with almost $19 million in performance-based grant funding A state-funded $25 million higher education plan will work with Louisiana State University, University of Louisiana and the Louisiana Community and Technical College System on four campuses: LSU in Baton Rouge, the University of New Orleans, Southeastern Louisiana University in Hammond, and Delgado Community College in New Orleans.

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