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

Gov. Edwards to make major economic development announcement

A newly formed firm that has acquired parts of the Hewlett-Packard technology company will be relocating to New Orleans and providing about 2,000 new tech jobs, according to a source with knowledge of the announcement.

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

Virginia-based DXC Technology Co will develop the center to create digital services for its global clients, which total almost 6,000 across 70 countries, the company said in a statement.

Governor John Bel Edwards will announce the development on the Gate A ramp on Poydras Street. Traded on the New York Stock Exchange as DXC, it is a component of the S&P 500 Index.

It will reportedly create 2,000 permanent high-tech jobs in the Crescent City.

To meet the labor demand, Louisiana will fund a $25 million higher education initiative to increase the amount of degrees awarded in computer science, management and STEM-related studies, the governor's statement said.

The company expects the center's operations to begin in January.

An economic impact analysis from the LSU Economics & Policy Research Group estimates the DXC Technology project will translate to $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.

A majority of the DXC jobs are expected to be local hires.

"I'm thrilled to welcome DXC Technology to the City of New Orleans", Mayor Landrieu said.

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