Basic Search
|
Geographic Searches
|
Advanced Search |
MegadealsSubsidy 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: If an online information source is not working, check the Tracker
inventory page for an updated link.