Michael Hecht: DXC Disappointment Aside, Regional Tech Sector Is Growing

October 4 Publisher: "The core technology of victory does not work as promised."

It is disappointing that DXC Technology did not add to all of the jobs announced in 2017. We are all very confident that they will meet and exceed their projections, which will now bring more than 1,000 employees to Louisiana. But the twin challenges of corporate restructuring and COVID-19 have changed plans and, as a result, DXC has hired about 300 people to date.

Then again, there's a lot to like about DXC technology in New Orleans.

Three hundred tech jobs averaging over $90,000 plus benefits is still a big win. This translates into nearly $3 million in annual tax revenue for the city and state and many opportunities for our residents.

Moreover, since transactions with the country are well structured, not a cent of the public dollar goes to DXC; Instead, $25 million was awarded to Louisiana universities to help them develop computer science programs that benefit students and future employers. And DXC is staying busy in New Orleans and Louisiana with new plans to grow here.

In general, the technology sector is developing and shows great expectations. Last year, our region saw nearly $2 billion in market-proving technology acquisitions. We are in the top ten nationally for women and African Americans in technology and digital media jobs (per capita), highlighting opportunities for all.

And beyond COVID, the New Orleans metropolitan area has a distinct opportunity to attract remote tech workers looking for a friendlier climate than New York and San Francisco.

Economic development is a long game. Silicon Valley began in the 1930s; Research Triangle Park in the 1950s. Success requires persistence, consistency and a clear vision for the future.

If we continue to develop our historic industries such as trade, energy and manufacturing, while diversifying into sectors such as healthcare and technology, we will win over time and deliver on our business promise.

MICHELE ALTO

President and CEO, Greater New Orleans, Inc.

New Orleans

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