Louisiana Internet Software & Technology Association Blog : Louisiana Internet Software & Technology Association : LISTA Blog : LA Technology Law News & Updates

"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.