Accruent, a company that specializes in software and IT products, will establish a technology center of excellence in the New Orleans, Louisiana. The company plans to create 350 jobs.
The company will occupy approximately 20,000 square feet of office space in the New Orleans Central Business District, with a specific location to be announced at a later date, according to Louisiana Economic Development. Accruent has begun hiring, with plans to reach full employment in New Orleans by 2020. Commercial operations will begin later this month.
To secure the company’s investment in the New Orleans, the State of Louisiana offered Accruent a competitive incentive package that includes the services of LED FastStart, the state’s workforce development program. The company also is expected to utilize Louisiana’s Digital Interactive Media and Software Development Incentive and the Quality Jobs Program.
“Since 2012, New Orleans has led the nation in technology job growth, and Accruent is pleased to continue this trend, bringing new jobs in software development, professional services, sales, customer support and administration,” Accruent CEO John Borgerding said. “Given the vibrant corporate community, tremendous growth opportunities and Accruent’s existing base of 50 Louisiana customers, New Orleans became the clear choice for our next wave of expansion.”
“Our ultimate goal is not just to attract IT projects, but to create a digital media and software development sector, where our people have a diverse offering of opportunities to solve the challenges of tomorrow,” Governor John Bel Edwards said.
“Accruent’s entry into New Orleans will create such opportunities, and we are excited to welcome this world-class team to Louisiana. Accruent’s investment in our state is a testament to the strength of our business climate and the commitment of local, state and regional partners to ensuring that companies thrive here,” he added.
“Accruent’s decision to locate this office in New Orleans is another incredible step in the diversification of the city’s economy, and recognition of our place as a new national digital hub,” said President & CEO Quentin L. Messer Jr. of the New Orleans Business Alliance. “The joint efforts of our economic development partners to successfully grow a new inclusive economy for New Orleanians is proving our effectiveness as an important team when we can welcome global companies like Accruent to our community.”
“With Accruent’s announcement of 350 new technology jobs in New Orleans, we can see that the ‘digital fly-wheel’ is beginning to spin.” said Michael Hecht, President & CEO of Greater New Orleans, Inc. “When we brought Accruent to a temporary office at The Shop six months ago, we thought they would love New Orleans and determine to expand here. We are thrilled that we were right. We look forward to supporting Accruent as they help Greater New Orleans pull ahead as the fastest growing tech market in America.”