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Louisiana Incentives and Workforce Development Guide

Visit Real Street's website to learn more about this event. The updated Louisiana incentives guide is brought to you by Real Street Expo, a new event sponsored by Business Facilities and Today’s Facility Manager magazines.

For a list of Louisiana economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide.

Veteran Initiative :
Provides veteran-owned and disabled, service-oriented veteran-owned small businesses with greater potential for access to state procurement and public contract opportunities.

Financing

Mega-Projects Development Fund :
Provides grants of up to 30% of the total cost of a project that creates or retains at least 500 direct jobs or that provides a major investment in the state. A project must create 500 direct jobs, create or save at least 500 direct jobs at a facility that has been closed or a facility that risks closure, or provide a minimum initial investment of $500 million through the creation of a new facility or the expansion of an existing facility. In addition, the project must provide a substantial return on the investment by the state as measured by projected tax revenues.
Economic Development Awards Program :
Provides funding for site and/or infrastructure improvements for projects creating new jobs.
Corporate Headquarters Relocation Program :
Provides a rebate of up to 25% of facilities and relocation costs, to be claimed in equal parts over five years.
Small Business Loan Program :
Provides up to 75% loan guarantees to facilitate capital accessibility

Tax Incentives

Research & Development Tax Credit :
Provides up to a 40% tax credit for Louisiana businesses (based on employment) that conduct research and development activities in Louisiana.
LED FastStart® :
Provides workforce recruitment, screening and training to new and expanding Louisiana companies at no cost.
Digital Interactive Media & Software Development Incentive :
Provides a refundable tax credit of 25% on qualified production expenditures and an additional 10% tax credit for Louisiana resident labor expenditures.
Motion Picture Investor Tax Credit :
Provides a transferable tax credit of 30% on qualified production expenditures and an additional 5% tax credit for Louisiana resident labor expenditures.
Technology Commercialization Credit and Jobs Program :
Provides a 40% refundable tax credit on costs related to the commercialization of Louisiana technology and a 6% payroll rebate for the creation of new direct jobs.
Competitive Projects Tax Exemption :
Provides a 10-year property tax abatement on qualifying capital investments of at least $25 million in targeted non-manufacturing industry sectors. The abatement applies to ad valorem taxes exceeding $10 million or 10% of the fair market value of the property, whichever is greater. The exemption is only available in selected parishes.
Enterprise Zone Program :
Provides a one-time $2,500 tax credit per certified net new job, and either a 4% sales/use tax rebate on qualifying expenses or an investment tax credit equal to 1.5% of capital expenditures, excluding tax-exempted items.
Quality Jobs :
Provides a 5% or 6% rebate on annual payroll expenses for up to 10 years, and either a 4% sales/use tax rebate on capital expenditures or an investment tax credit equal to 1.5% of qualifying expenses.
Industrial Tax Exemption :
Provides a 100% property tax abatement for up to 10 years on local property taxes (ad valorem) on a manufacturer’s new investment and annual capitalized additions.
Live Performance Tax Credit :
Provides a tax credit up to 25% on qualified production or infrastructure development expenditures, with an additional 10% tax credit available for payroll expenditures to Louisiana residents.
Modernization Tax Credit :
Provides a 5% refundable state tax credit for manufacturers modernizing or upgrading existing facilities in Louisiana.
Restoration Tax Abatement :
Provides a five year, 100% property tax abatement for the rehabilitation of an existing structure.
Sound Recording Investor Tax Credit :
Provides a 25% refundable tax credit for qualified production expenditures on state-certified sound recording projects.
Corporate Tax Apportionment Program :
Provides single-sales factor apportionment to highly competitive projects in order to secure jobs and business investment in target industry sectors.
Competitive Projects Payroll Incentive :
Provides a payroll rebate of up to 15% in target sectors each year for up to 10 years, and either a 4% sales/use tax rebate on capital expenditures or a facility expense rebate equal to 1.5% of qualifying expenses.
Angel Investor Tax Credit :
Provides a tax credit up to 35% for individual investors when they invest in early-stage, wealth-creating businesses.

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About The Author

Schwartz joined Group C Media in April 1989 as managing editor of Today's Facility Manager. In September 2012, she transitioned to a new role dedicated to developing online content for Business Facilities and Today's Facility Manager. Schwartz can be reached at [email protected]

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