North American tech company 4th Source opened for business in Jefferson Parish on Tuesday, September 29, relocating from Georgia, and bringing with it the promise of creating 320 new jobs with average yearly salaries of $50,000 plus benefits.
Members of the Jefferson Parish Economic Development Commission (JEDCO), the City of Kenner and the Jefferson Parish Government celebrated the grand opening of the new 5,000 square foot corporate headquarters at 2400 Veterans Memorial Boulevard, the company’s 4th office established in the U.S.
4th Source is a systems and information technology company providing nearshore technology and IT services to a variety of industries.
“It has been so exciting to play a role in this project,” Jerry Bologna, JEDCO Executive Director, said. “4th Source's investment in this state-of-the-art headquarters highlights the resources and workforce base available in this community as the technology industry strives to reach critical mass. Not only is 4th Source bringing new jobs to our region, but it will provide an immense boost to the economic climate within Jefferson Parish and the City of Kenner. JEDCO continues to stand ready to support the 4th Source team as they begin to call Jefferson home.”
"4th Source provides products and services that support critical information technology functions within companies," 4th Source CEO Michael Wedge, said. “We allow our customers to focus on their core business while we provide information technology support that is higher quality, lower risk, and lower cost.”
Wedge, who grew up in Orleans and Jefferson Parishes, said he’s particularly pleased with the location because of the emerging IT industry in the Greater New Orleans area and the private/public partnerships to enhance technology curriculums in local colleges and universities.
Currently, 15 employees work out of the new headquarters. Eight of those employees are newly based in Jefferson Parish.
The company anticipates the creation of 320 jobs by 2018, and created their new headquarters to enhance connectivity, creativity and collaboration.
“The JEDCO team has gone the extra mile to support us in our move to Kenner,” Wedge said of his experience with the economic development organization. “JEDCO has demonstrated a business-friendly approach conducive to attract organizations to the area.”
“This is great news for Kenner for many reasons,” Kenner Mayor Michael Yenni said. “We add a company in the growing technology market that will create hundreds of high-paying jobs. And the partnership between JEDCO and state and local officials that helped to bring 4th Source to Kenner bodes well for the future of economic development in the city.”
“This is a truly exciting day for Jefferson Parish,” Parish President John F. Young said. “We would like to commend JEDCO's efforts, along with the collaboration between state, regional and local organizations, in bringing this headquarters to the area. The attraction of 4th Source to Jefferson Parish speaks volumes about our community's business-focused climate and vast assets. We are thrilled to welcome 4th Source to the community and look forward to a long-term partnership with this outstanding company.”
“Greater New Orleans, Inc. is thrilled to welcome 4th Source to the region,” Michael Hecht, President and CEO of Greater New Orleans, Inc., said. “Greater New Orleans is the fastest growing technology market in the USA, with a strong foundation of local companies increasingly complimented by dynamic new firms, like 4th Source. The result is a growing critical mass of outstanding companies and jobs for our community.”
For more information: www.4thsource.com
