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Policy: Technology

Tech co. relocating to Kenner from Atlanta

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News,Business,Technology,Atlanta

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.

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

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