01/13/2010
High-tech Firm's Dallas and San Diego Operations Relocate To Baton Rouge
BATON ROUGE, La. -- Today, Gov. Bobby Jindal joined the
executive team of TraceSecurity Inc. to announce the relocation of
two of the company's key operating divisions, software development
and national sales, from Dallas and San Diego to Baton Rouge. The
relocation creates 15 new, direct Louisiana jobs with average
annual salaries exceeding $50,000, plus benefits, for a total of
approximately 50 jobs in Baton Rouge. Additionally, the company
plans to add more than 30 jobs over the next two years.
TraceSecurity's workforce in Baton Rouge is more than doubling
within two years as a result of the relocations and planned
expansion.
"Today's announcement is yet another example of the success
we've had attracting business investment and jobs to Louisiana from
other states," said Gov. Jindal. "Indeed, this announcement is
another victory in our mission to attract more jobs into Baton
Rouge and Louisiana and reverse the decades-long trend of jobs
leaving our state.
"Since early 2008, leading companies have announced moves of
their headquarters or other significant operations to Louisiana
from a wide variety of states, including California, Georgia,
Mississippi, Rhode Island, Virginia, Wisconsin, Illinois, Oregon
and now Texas, as well. TraceSecurity's relocation will result in
additional high-tech job opportunities, help Baton Rouge's digital
industry continue to grow, further strengthen our economy and, most
importantly, help keep our sons and daughters right here in
Louisiana."
"We have noticed a much greater willingness of people moving to
Baton Rouge in the last couple years than we did before," said
TraceSecurity President & CEO Peter Stewart. "Part of it is
that our local economy is doing much better than the national
economy, but another part is that our state image has improved
dramatically in the last couple years. The Electronic Arts win in
2008 was particularly helpful in improving the credibility of Baton
Rouge as a high-tech jobs market."
Recent changes to the state's digital media tax credit program,
supported by Gov. Jindal and adopted by the Legislature, expanded
program eligibility to include a broader array of software
development firms. For the first time, TraceSecurity Inc. expects
to make use of the program. Previously the company used the state's
Quality Jobs Program.
"The assistance offered through these programs by Louisiana
Economic Development clearly played a role in our decision to
relocate our Texas and California operations back to Louisiana,"
added Stewart.
"Economic predictions for 2010 indicated that Louisiana will
continue to gain jobs," said Mayor-President Melvin L. "Kip"
Holden. "The announcement today is proof that these predications
are on target. We are happy that TraceSecurity Inc. is expanding
its Baton Rouge operation. Baton Rouge can compete with any city in
the nation. Companies like TraceSecurity Inc. continue to put a
spotlight on our great state and this great city."
Key considerations that led to TraceSecurity's relocation
included the ability to recruit and retain quality staff, support
received from Louisiana State University and Southern University on
workforce development issues, economic development incentives and
Baton Rouge's competitive operating costs and cost of living.
"The continued expansion and success of TraceSecurity, along
with the highly sought after knowledge-based jobs it creates, has a
tremendously positive impact on the entire Capital Region," said
Adam Knapp, president and CEO of Baton Rouge Area Chamber. "Their
commitment to growing here in the Baton Rouge area also sends a
promising message, both locally and nationally, that this region
will continue to successfully support high-growth, innovative
entrepreneurial companies."
Founded in 2004 at the Louisiana Technology Park in Baton Rouge,
TraceSecurity Inc. is a leading provider of security compliance and
risk management software solutions. TraceSecurity's comprehensive
patent-pending methodology helps clients address all critical
components of a successful security compliance program, including
people, process and technology. With more than 1,000 customers
located throughout the U.S., TraceSecurity supports the security
and risk management efforts of organizations in financial services,
healthcare, insurance, government and other regulated sectors.
