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|CPSI to expand to Monroe|
Gov. Bobby Jindal was joined by local legislators and the business community Monday to officially announce Computer Programs and Systems Inc. will expand its operations to Monroe.
The announcement was made at the Monroe Chamber of Commerce's offices.
CPSI, headquartered in Mobile, Ala., is a healthcare technology company that designs, develops, markets, installs and supports computerized information systems for hospitals throughout the United States.
The company plans to start off with 40 employees the first year and create at least 100 new jobs over a four-year period. The annual payroll will total $1.9 million, plus benefits.
CPSI president Boyd Douglas said his company has installed several information systems in Louisiana hospitals during recent years. He believes the Monroe region will be a good base to do even more business with hospitals throughout the state.
"We believe this investment will be a great benefit to both CPSI and the people of Louisiana," Douglas said. "We applaud Gov. Jindal's economic initiatives and look forward to being a part of the success of those initiatives. We're also happy to be a part of the growth of Monroe."
After considering locations in other states, CPSI selected Monroe for several reasons, including the local and state incentives as well as the region's access to strong medical services, Douglas said.
"This is a very good announcement not only for Monroe, but northeast Louisiana, too," Jindal said. "We're talking about a 100 new jobs for this part of the state over the next few years."
"CPSI selected Monroe over a number of potential locations and the company's decision will have a positive economic impact on this entire region," Jindal explained. "Despite what's happening to our national economy, we're announcing expansions and growth. These jobs could have gone anywhere. They didn't have to come to Monroe. It could have been anywhere in the country. So, this is a real compliment to our workforce and our local leaders who want to make this a more business-friendly community and state."
He said the business climate for Louisiana continues to look promising as the state was the only one in the country in December to add jobs while other states lost jobs. Louisiana also was the only state to decrease its unemployment rate in January.
"That shows you that we can outperform the national economy," Jindal said. "I know our nation is facing some economic challenges as we move forward. But we can continue to outperform the national economy and continue to create opportunities for our people here right at home.
"Our No. 1 goal and challenge is to make this the best place in the world to raise our families so our children don't have to leave home to pursue their dreams."
He said in order to do that, the state must maintain the jobs already here and welcome new companies into the state.
CPSI was offered a performance-based forgivable loan by the state Economic Development Loan Program. The loan must first be approved by the Louisiana Economic Development Corp.
This is a commitment by the state that shows companies Louisiana wants its people to work, Jindal said.
"Three weeks ago today, I went to Farmerville (to visit with employees of Pilgrim's Pride), and the resounding thing I heard was: We don't want a bailout or a handout, we want to go back to work," Jindal said. "Today's announcement shows if we give our people the ability to work, we can compete with anybody in the country or the world. We're not looking for a bailout, handout or even a bonus."
We're just looking for jobs," Jindal added.