SchoolMint Relocates Headquarters & Operations Center to Lafayette, Louisiana
According to Louisiana Economic Development, “in the latest tech win for the Acadiana Region, the specialty software development company also will relocate corporate offices from New York and Miami to Lafayette. The company will make a $515,000 capital investment in new facilities with plans to create 178 jobs. The company also is retaining 13 jobs at its existing Lafayette office.
“SchoolMint’s mission is helping students, parents, teachers, schools and districts create bright, sustainable futures,” SchoolMint CEO Bryan MacDonald said. “We are thrilled about our move to Lafayette and the opportunity to build and expand our workforce in Louisiana, a state that clearly embraces those same values. The vibrant and growing tech culture here is exciting, and we expect to create hundreds of high-tech jobs over the next decade. We look forward to bringing a bit of Silicon Valley to Lafayette, while also deepening the local roots first put down by our Smart Choice division.”
LED and the Lafayette Economic Development Authority began formal discussions about the project with SchoolMint in March 2020. To secure the project, the State of Louisiana offered SchoolMint a competitive incentive package that includes the services of LED FastStart.
The incentive package includes a $900,000 Digital Interactive Media and Software Development tax credit on qualifying software development and payroll expenses, as well as a $1 million performance-based grant for corporate relocation expenses. Based upon meeting capital investment and payroll targets, School Mint will be eligible for up to $100,000 a year for 10 years. The company also is expected to utilize Louisiana’s Quality Jobs Program.
“With this headquarters relocation from Silicon Valley to South Louisiana, SchoolMint reinforces what we’ve known for a long time: Louisiana is a great place for doing business all across the digital landscape,” Governor John Bel Edwards said. “From Lafayette to Baton Rouge and New Orleans and across North Louisiana’s I-20 Cyber Corridor, Louisiana is leading the way with cutting-edge tech firms creating quality jobs for our digital future. With this project delivering hundreds of new quality jobs, we are happy to welcome SchoolMint to our growing family of leading high-tech companies.”
“Today’s announcement by SchoolMint is a homecoming of sorts, with the company’s ties to Smart Choice, which was developed right here in Lafayette,” said President and CEO Gregg Gothreaux of the Lafayette Economic Development Authority. “Since 2014, Lafayette’s tech sector has grown by leaps and bounds, providing jobs that have been transformative to our economy. SchoolMint will continue that transformation by providing quality employment opportunities with local upward mobility for our residents. The relocation of SchoolMint’s headquarters, the consolidation of operations, and the expansion of their current office in Lafayette demonstrates the quality of our workforce, education system, quality of life and fiber infrastructure. We look forward to SchoolMint’s growth in Lafayette and working with the company and our community partners to make Lafayette a premier high-tech hub in the southeastern U.S.”
“Acadiana has cemented itself as a destination for headquarters operations for a host of businesses, especially our vibrant, growing tech sector,” One Acadiana President and CEO Troy Wayman said. “Companies like SchoolMint see the advantages of Acadiana’s skilled workforce, business-friendly environment, and quality of life. We are proud to join LED and LEDA in welcoming them to Lafayette.”
SchoolMint acquired Lafayette-based Smart Choice Technologies in 2019. Company officials said they began to consider consolidating and relocating their U.S. offices to Lafayette as they tapped into the area’s pro-technology and pro-business climate, college-to-career pipeline and availability of local talent.
2022 Top States for Doing Business Provide an Environment for Business Growth
Three Big Challenges Facing the Food & Beverage Industry
Location Factors in the EV Industry — “Mission Critical” or “Nice to Have”?
2022 Auto/Aero Site Guide
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Innovation Corridors Update
Fixing the Supply Chain with AI and Robotics
Food Processors’ Optimal Location Decision