Performance Software Corp., of Phoenix, will establish a software development center in New Orleans, creating 58 jobs with annual salaries of $75,000 plus benefits.
The announcement was made Thursday by company CEO Tim Bigelow and the Louisiana economic development department.
LED estimates the project will result in 59 indirect jobs for a total of 117 jobs.
Founded in 1998, Performance Software is a systems and software developer that specializes in the avionics and defense industries. In New Orleans, the company also will develop new business in the energy and health-care industries.
“Performance Software is experiencing healthy growth in the aerospace, defense and medical devices markets,” Bigelow said. “Having top talent is critical to our continued growth in these areas, and expanding outside of Phoenix with regional offices helps us grow that talent base.”
Performance Software said it is looking at possible locations for the center. The company expects to begin hiring workers by the second quarter.
New Orleans will be the company’s seventh location.
LED began discussing the project with Performance Software in August. To secure the project, Louisiana is offering the company the Digital Interactive Media and Software Development Incentive, a 25 percent refundable tax credit for eligible production spending and a 35 percent credit for Louisiana payroll.
In addition, the state will provide the company with FastStart job training services.
“Greater New Orleans Inc. is pleased to have played a leading role in recruiting Performance Software to New Orleans,” said GNO Inc. President and CEO Michael Hecht. “Greater New Orleans is the fastest-growing technology market in the U.S., with a growing base of local companies now complemented by an increasing number of new companies like Performance Software. The result is more high-quality jobs for our community.”
“New Orleans is establishing itself as a hub for talent, fresh ideas and creative minds,” New Orleans Mayor Mitch Landrieu said.
“We’re proud that Performance Software chose Louisiana over several other states for the creation of a new software development location that will support the energy, defense, aerospace and health-care industries,” Gov. Bobby Jindal said.