Gov. John Bel Edwards and CenturyLink CEO Jeff Storey today announced an agreement that will keep CenturyLink’s corporate headquarters in Louisiana through 2025, with the Monroe corporate campus remaining the Fortune 200 company’s hub of operations.
CenturyLink serves customers in more than 60 countries and has annual revenue of more than $23 billion. The agreement represents the third corporate headquarters retention agreement in the past decade between the state and CenturyLink.
To secure this latest corporate retention project, Louisiana offered CenturyLink an incentive package that includes an annual performance-based grant, subject to company payroll performance.
The agreement funds up to $2 million in education grants to Louisiana Tech University and other eligible universities, such as the University of Louisiana at Monroe and Grambling State University, for enhancing IT and STEM-related higher education programs in the region.
CenturyLink and Louisiana Tech form two key points of presence along Louisiana’s Interstate 20 “Cyber Corridor” that also includes Barksdale Air Force Base’s Global Strike Command, the 3,000-acre National Cyber Research Park, the Cyber Innovation Center and General Dynamics Information Technology in the Shreveport-Bossier City metro to the west.