Mortgage Contracting Service will open a 10,300-square-foot business process outsourcing center along the Interstate-20 business district of Ruston, Louisiana, several miles east of Shreveport, creating 90 new jobs.
MCS serves the mortgage servicing industry, maintaining vacant properties and protecting neighborhoods from blight.
Gov. Bobby Jindal said, "MCS could have invested in another state, but chose Louisiana because of the area's highly educated workforce, the strong work ethic of our people, and Louisiana's strong business climate. MCS is joining a growing list of companies that are investing in Louisiana because we have fostered a positive business climate and we have some of the best workers in the world."
MCS plans to start hiring full-time employees in August. Employment will increase to a total of 90 employees by 2019. The company is spending $400,000 to improve the interior of its newly built office space, the company said.
Caroline Reaves, MCS CEO, a Louisiana Tech graduate, said the availability of university talent played a key role in locating to Ruston.
Mike Carroll, MCS chief financial officer, said the company analyzed a number of site selection factors before choosing Ruston for the facility. "No other community has that unique combination of smaller-city attitude and high-education ambition. No other community had public officials dedicated to attracting employers like ourselves that can provide opportunity and advancement to citizens," he said.
As an incentive to secure the project, Louisiana offered MCS a performance-based, $250,000 forgivable loan from the state's Economic Development Loan Program. The company also is expected to utilize LED FastStart.
Ruston Mayor Dan Hollingsworth said state and local teamwork in the public and private sectors helped bring MCS to the community. "We appreciate the investment they are making in our city and the 90 new jobs they will make available to area residents," Hollingsworth said.