National Business News

Coast Professional to expand, add 146 jobs in West Monroe

The Associated Press
Posted: Jun. 24, 2019 7:00 am Updated: Jun. 24, 2019 3:38 pm

WEST MONROE, La. (AP) The governor's office says a debt collection company plans to more than double its operations at a north Louisiana contact center, creating 146 new jobs.

A Monday news release says Coast Professional will make a $750,000 capital investment in its West Monroe center. The average compensation for the new jobs will be $36,500 annually, plus benefits.

The company already employs 125 workers, according to the release.

The expansion involves converting a former Sears Hometown store and renovating the interior space and parking area.

The governor's office said the company is expected to benefit from Louisiana's Enterprise Zone Program, which includes a tax credit of up to $3,500 for each new job created.

The company specializes in calls to resolve debt for federal customers, including government and student loans.