CenturyLink CEO Jeff Storey and Gov. John Bel Edwards today (4/2/19) announced an agreement to retain CenturyLink’s corporate headquarters in Monroe, LA through 2025. The Monroe corporate campus will remain the Fortune 200 company’s hub of operations. Serving customers in more than 60 countries, CenturyLink is a leading global technology company with annual revenue of more than $23 billion.
“CenturyLink is pleased to reaffirm our commitment to Louisiana,” said Storey. “As we continue to evolve into a leading global technology company, our talented employees in Northeast Louisiana will continue to play important roles in our transformation. A highly trained workforce is key to our continued success.”
The agreement represents the third corporate headquarters retention agreement in the past decade between the State of Louisiana and CenturyLink, and continues a higher education investment in Louisiana Tech University, University of Louisiana at Monroe, Grambling State University and other higher education campuses to provide technology curricula for CenturyLink employees and other students.
CenturyLink anchors North Louisiana’s Interstate 20 Technology Corridor that also includes IBM in Monroe, universities and colleges in North Louisiana, along with Barksdale Air Force Base’s Global Strike Command, the National Cyber Research Park, the Cyber Innovation Center and General Dynamics Information Technology in the Shreveport-Bossier City metro to the west.
“CenturyLink’s rise to prominence as one of the world’s most successful technology firms tells a uniquely Louisiana story,” said Gov. Edwards. “We prize CenturyLink’s contributions to our way of life in Louisiana, to the thousands of families the company has supported for generations, and to the new generation of technology professionals in Northeast Louisiana who will proudly carry the company’s banner into the future. Signing this headquarters retention agreement ensures that CenturyLink’s presence in Louisiana will continue to drive our tech sector along the I-20 Cyber Corridor and throughout our state.”
To secure the latest corporate retention project, the State of Louisiana offered CenturyLink a competitive incentive package that includes an annual performance-based grant, subject to company payroll performance. In addition, the agreement creates funding for information technology faculty, curricula and education at Louisiana Tech University, where CenturyLink and the state have supported the Clarke M. Williams Professorship in Telecommunications in honor of the company’s founder. The agreement funds up to $2 million in education grants to Louisiana Tech University and other eligible universities, such as the University of Louisiana at Monroe and Grambling State University, for enhancing IT and STEM-related higher education programs in the region.
One of the leading economic driver firms in Northeast Louisiana’s private sector, CenturyLink represents a key contributor to the region’s and state’s growing software and IT economy. Leveraging an attractive business climate, higher education partnerships and strategic technology incentives, the IT sector in Louisiana is one of the fastest growing job sectors. In addition to CenturyLink, those employers include EA, GE Digital, IBM, General Dynamics Information Technology, CGI, DXC Technology, Accruent and more.
CenturyLink (NYSE: CTL) is the second-largest U.S. communications provider to global enterprise customers. With customers in more than 60 countries and an intense focus on the customer experience, CenturyLink strives to be the world’s best networking company by solving customers’ increased demand for reliable and secure connections. The company also serves as its customers’ trusted partner, helping them manage increased network and IT complexity and providing managed network and cybersecurity solutions that help protect their business. For more information, visit CenturyLink.com.