Subsidy Tracker Individual Entry

Company: 
DXC Technology
Parent Company: 
DXC Technology
Subsidy Source: 
multiple
Location: 
Louisiana
City: 
New Orleans
County: 
Orleans
Project Description: 

digital transformation center

Year: 
2017
Major Industry of Parent: 
information technology
Specific Industry of Parent: 
information technology
Subsidy Value: 
$125,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
2,000
Wage Data: 
$63,000
Wage Data Type: 
starting average annual salary
Source of Data: 

The details of the subsidy package came from: Greg LaRose, "City to pitch in $1.5 million toward DXC incentives," Times-Picayune (New Orleans), November 15, 2017. The projected job and wage figures came from: Tim Morris, "Big tech payoff for New Orleans: Jobs are coming," Times-Picayune (New Orleans), January 7, 2018.

Notes: 

The subsidy package includes $120 million in state subsidies and between $5 million and $10 million in local subsidies. About $25 million of the state amount will be for company-specific workforce development programs at a local higher education system. Other state incentives include: $18.7 million in five-year performance-based grants, a $2.2 million parking assistance grant and a $1.5 million demolition grant. It was also reported that the company might utilize Louisiana's Quality Jobs Program. On the local level, $1.5 million is from the Industrial Development Board; remaining sources of subsidies have not been specified. The 2,000 jobs are to be created within six years. Overlap with main Subsidy Tracker data: none

Source Notes: 
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