Virginia-based DXC Technology has signed a lease for space to house its permanent operations in New Orleans, agreeing to take over multiple floors of the Freeport McMoRan building on Poydras Street across from the Mercedes-Benz Superdome, the state announced today. Financial terms of the deal were not disclosed.
The Fortune 250 company is opening a Digital Transformation Center in the city’s Central Business District and is pledging to create 2,000 permanent, high-tech jobs over the next seven years with the annual payroll exceeding $133 million by 2025. Hiring has started.
DXC initially will occupy two floors in the building, according to a Louisiana Economic Development news release, and begin operating there in January. The company has options to lease up to 10 floors—or a total of 220,000 square feet of commercial space—in the building.
Freeport McMoRan will continue to maintain a major presence at the site and in New Orleans, the state says.
“The DXC project is one of the most significant in the history of our state,” Gov. John Bel Edwards says in a statement. “We welcome their arrival and will continue our work to provide the best training and talent pipeline possible through all of our Louisiana higher education systems.”
Edwards announced last month that the publicly-traded tech company would establish the technology center in the Crescent City and lauded the project as a significant economic development win for Louisiana.
To attract the company, the state offered DXC an incentive package worth more than $100 million. The package includes more than $44 million in grants, workforce training and investments in higher education computer science and engineering programs.
Additionally, Louisiana has agreed to rebate to the company annually an amount equal to 6% of the total salaries of “quality jobs” DXC creates at the New Orleans site, provided that the company meets its full employment goals.