Netchex To Establish Headquarters In Mandeville, Louisiana
The firm will invest $5.3 million to lease a 30,000 square foot office for two years, which will enable the company to complete construction of its new headquarters building. As part of the expansion Netchex will create 240 new direct jobs.
“As we looked at our growth trajectory, it was clear that we needed a larger footprint physically to support our efforts,” Boudreaux said. “The expansion plan includes migrating to a facility to absorb our growth, better manage our business and be reflective of the strong brand we have built. Additionally, this expansion plan serves as a real beacon to promote quality jobs here in St. Tammany Parish.”
“We turned to Louisiana Economic Development for guidance and support when we recognized that rapid expansion was needed. They were tremendous in fully understanding our priorities and creating a custom package that met all of our needs. No doubt, their ability to leverage competitive state programs cemented our decision to grow Netchex right here in Louisiana,” he added.
To secure the headquarters expansion, the State of Louisiana offered a competitive incentive package that includes the services of LED FastStart – the nation’s No. 1-ranked state workforce development program. The company will participate in the state’s Digital Interactive Media and Software Development Incentive, and Netchex is expected to utilize the state’s Quality Jobs Program.
“Netchex’s expansion in St. Tammany Parish illustrates the ideal business retention success story, growing local human capital and further developing our workforce,” said CEO Brenda Bertus of the St. Tammany Economic Development Foundation. “Thanks to these innovative entrepreneurs, even more customers across the country will have access to cutting-edge information technologies developed right here in St. Tammany.”
“The unbeatable combination of low business costs and a skilled workforce found in our region has helped Netchex become the fastest growing company of its kind in the United States,” said President/CEO Michael Hecht of Greater New Orleans Inc. “This decision to expand their operations in Mandeville demonstrates that the Greater New Orleans region serves as the ideal location for business growth and success.”
Governor Bobby Jindal said, “Netchex is truly a Louisiana success story, and the expansion of the company’s headquarters is a testament to how Netchex is able to thrive in Louisiana’s nation-leading business climate. Netchex has grown from a small team to the fastest-growing business services provider of its kind in America, thanks in part to the company’s stellar leadership team and the highly skilled talent that could only be found in Louisiana.”
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