Tech co. relocating to Kenner from Atlanta

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KENNER, La. (AP) - An Atlanta-based technology firm has announced plans to move its headquarters to Kenner.

The move by software development and information technology company 4th Source was announced Thursday.

A statement from Gov. Bobby Jindal’s office said the project will create 320 new jobs with an average salary of $50,000 plus benefits.

Louisiana economic development officials began discussions with 4th Source in December 2013. The state offered the company an incentive package, including a workforce training program. The state says 4th Source is expected to use Louisiana’s Digital Interactive Media and Software Development Incentive, which provides a 25 percent refundable tax credit on eligible production expenditures.

NOLA.com-The Times-Picayune reports (http://bit.ly/1lL19Jk) that Michael Wedge, the CEO of 4th Source, grew up in New Orleans’ Mid-City neighborhood and in Jefferson Parish.

He was a member of the first graduating class of Alfred Bonnabel High School in Kenner.

Wedge left Louisiana to pursue his career but said the business climate in the state and the New Orleans area has become a compelling draw.

He cited state programs such as the digital media tax credit, the Quality Jobs cash rebate program for companies that create jobs in the state and the Louisiana Economic Development FastStart workforce training program. That program will help the company find the college graduates to fill its software development and information technology jobs, Wedge said.

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Information from: The Times-Picayune, http://www.nola.com

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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