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Baton Rouge to give IBM $4.5 million for project

3 years 5 months 5 days ago April 24, 2013 Apr 24, 2013 Wednesday, April 24 2013 April 24, 2013 7:45 AM in News

BATON ROUGE - East Baton Rouge Parish government intends to give IBM $4.5 million over three years as part of the state's incentive package for opening offices in downtown Baton Rouge, a project expected to create an estimated 800 jobs.

The Metro Council will vote Wednesday on the city-parish's contract with the state, the Louisiana Department of Economic Development, the Wilbur Marvin Foundation and IBM.

The city-parish's allocation will be divided into $1.5 million payments, with $3 million ultimately going toward the cost of the building and $1.5 million to reimburse IBM for workforce development costs.

The state will be contributing $78.5 million in incentives for IBM.

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