JBE: "one of the most significant economic development announcements in Louisiana history"

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Daily Report has confirmed that the major economic development announcement Gov. John Bel Edwards will make in New Orleans this afternoon involves Virginia-based DXC Technology, which will set up operations in the Crescent City and eventually create 2,000 permanent high tech jobs.

DXC is a publicly traded IT services company, with revenues of more than $25 billion, that was created in 2016 by the merger of CSC and the Enterprise Services segment of Hewlett Packard Enterprise. DXC serves nearly 6,000 private and public sector clients in 70 countries, including major, multinational corporations and government agencies. It has more than 155,000 employees.

Details about the services the company will be providing out of its New Orleans-based facility were not available. A corporate spokesman for DXC referred all comment to officials in Louisiana. Officials with the governor’s office and Louisiana Economic Development declined to comment.

But in an earnings call to investors on Nov. 7, DXC chairman president and CEO John Michael Lawrie suggested the company would be opening new facilities in U.S markets where labor costs are lower.

Lawrie told investors the company was “rethinking how you bring people in … and it’s about a whole different approach to where we set up our locations. I’ve said before we are looking at creating some lower-cost facilities in the United States and moving some of our workload there.”

Edwards’ office has described the pending announcement as “one of the most significant economic development” projects in the state’s history.

The announcement is scheduled for 2 p.m. outside the Mercedes Benz Superdome in New Orleans. Follow Daily Report for more details.

—Stephanie Riegel

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This one is big. Big Fortune 500 employer in NOLA CBD

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