NEW ORLEANS (AP) — The finance arm of General Electric Co. says it will open an information technology center in New Orleans employing 300 people.

GE spokesman Andrew Williams said Friday that the jobs with GE Capital will pay up to $100,000. He said all the positions will be new hires.

The center is expected to begin operating in mid-2012. Williams said the jobs will be in computer engineering, data management and network services.

A formal announcement by Gov. Bobby Jindal and city officials was expected later Friday.