Keeping CenturyLink in Monroe through 2025 gives local universities a big boost and their graduates an important job pipeline, according to Gov. John Bel Edwards.

CenturyLink CEO Jeff Storey and Governor Edwards came to an agreement that keeps the telecommunications company's headquarters in Monroe through 2025 in the third such agreement between the company and the state in the past decade.

The company serves 60 countries with annual revenue of $23 billion, and the Monroe campus of the company will remain the corporate hub.

In addition, the agreement boosts Louisiana Tech University, University of Louisiana at Monroe and Grambling State University through $2 million in education grants that will be used to enhance IT and STEM-related higher education programs.

According to the Governor's office: "CenturyLink and Louisiana Tech form two key points of presence on Louisiana’s Interstate 20 Cyber Corridor that also includes Barksdale Air Force Base’s Global Strike Command, the 3,000-acre National Cyber Research Park, the Cyber Innovation Center and General Dynamics Information Technology in the Shreveport-Bossier City metro to the west."