FINANCIAL_SERVICESAPPROVED

St. Tammany Parish Development District Board of Commissioners Meeting January 2026

Preliminary PILOT Approval for Ampirical Expansion

St Tammany Parish Development DistrictAMPIRICAL SOLUTIONSJanuary 15, 2026

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Description

The Board granted preliminary approval of a 10-year PILOT incentive for Ampirical Solutions’ $46.4 million headquarters expansion in Covington, offering a 35% PILOT on $43.4 million in eligible capital investment with standard claw back provisions. The incentive is intended to retain 260 jobs and create 175 new high-wage positions.

Contract Details

Vendor

AMPIRICAL SOLUTIONS

Agency

St Tammany Parish Development District, LA

Contract Type

FINANCIAL_SERVICES

Document Date

January 15, 2026

Contract Term

10-year term beginning after placed-in-service date

Renewal Info

PILOT term is fixed at 10 years after placed-in-service; standard claw back provisions apply if employment or payroll commitments are not met. No explicit renewal options noted.

Issuing Agency