Gov. John Bel Edwards and economic development officials today announced that Virginia-based DXC Technology will establish a Digital Transformation Center in downtown New Orleans that will create some 2,000 permanent tech jobs over the next seven years.
To secure the deal, which the governor described as one of the of the most significant in the state’s economic development history, the state is putting up more than $44 million in incentives, including a $25 million investment in a higher education initiative to expand the number of degrees awarded in computer science and other STEM-related fields.
“This is an historic economic development achievement for our state,” Edwards said at a 2 p.m. announcement outside the Mercedes Benz Superdome, near where DXC will base its new facility. “DXC Technology could not have made a better selection than to choose New Orleans for their Digital Transformation Center, and we embrace the challenge of preparing our best and brightest students for this remarkable opportunity.”
DXC will hire 300 IT and business enterprise professionals during 2018, then ramp up to 2,000 jobs over five years and an annual payroll exceeding $133 million by 2025.
An economic impact study conducted by LSU estimates the company will create $64.3 million in new Louisiana taxes, $868.4 million in new Louisiana earnings and total economic output of $3.2 billion from 2018 through 2025.
DXC is a publicly traded IT services company that was created in 2016 through a merger of two longstanding tech companies: Computer Sciences Corp. and the enterprise services segment of Hewlett Packard Enterprise. DXC Technology has revenues of some $25 billion and serves nearly 6,000 private and public sector clients in 70 countries, including major, multinational corporations and government agencies.
—Stephanie Riegel
