Offering customized incentive packages and aligning its post-secondary educational programs with local industries, Acadiana has created a choice location for growth. A recent tech boom – sparked by public and private investments – gives a glimpse into the bright future of this region.
Louisiana Welcomes New Business
CGI – the fifth largest independent information technology and business process services firm in the world – now occupies a new $13.1 million, 50,000 square foot state-of-the-art facility designed to bring world-class IT Consulting capabilities to its clients. This location is CGI’s fifth Onshore Center of Excellence that is well on its way to creating 400 new, high-quality IT jobs in the region and serves as the anchor tenant of the 143-acre Research Park of the University of Louisiana at Lafayette.
“2 Gigs per second citywide fiber-optic system puts Lafayette’s internet speed on par with cities like Seoul, Tokyo, and Hong Kong.”
A deciding factor for companies like CGI, Perficient, Global Data Systems, and Enquero, was Louisiana’s Digital Interactive Media and Software Development Incentive. The strongest of its kind in the nation, this incentive provides a 25.2% tax credit on qualified payroll for in-state labor and 18% for qualified production expenses. In order to meet and exceed the workforce demands of these software companies, UL Lafayette committed to a 10-year, $4.5 million higher education initiative that will triple the number of degrees awarded annually by its College of Computing and Informatics.
When you combine the industrial manufacturing expertise of the Acadiana population with a burgeoning tech sector, you create an environment for the success of a company like Noble Plastics. The product realization company has seen annual growth in the range of 30-40% since opening its doors in 2000. Taking advantage of a talented pool of local engineers and Louisiana’s Research and Development Tax Credit program, Noble Plastics has developed expertise in robotics, automation systems, and custom manufacturing cells to meet the demands of the future in the energy, veterinary, defense, consumer, sporting goods, and automotive industries. Founders Missy and Scott Rogers are highly-innovative entrepreneurs who’ve found great success in getting out in front of technology and aligning themselves with suppliers who are as passionate about pushing the envelope of innovation as they are.
“Noble Plastics spent nearly $5 million in the last years on research and development. The R&D credit allowed us to take risks in new markets and technologies, creating more business in Louisiana, primarily in the defense industry…” Missy Rogers, President and CEO of Noble Plastics
Find Your Place in Acadiana
Here, you will discover world-class health care, top-notch higher education, and all the entertainment options of a big city – with far less stress. A mix of historical and cultural influences has created the Cajun/Creole food, music, and language found only in this small part of the United States. Offering a number of competitive tax and new business incentives aimed at growth and longevity, Acadiana is a hub of commerce with a proven track record for success. At One Acadiana, we are ready, willing, and able to help your business succeed. Contact us to learn more.