LA Statewide Economic Development Agencies |
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LA Utilities |
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LA Regional Economic Development Agencies |
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LA County Economic Development Agencies |
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LA City Economic Development Agencies |
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Louisiana State Incentives
LOUISIANA FASTSTART™ is a workforce development program, providing customized workforce recruitment, screening, training development and training delivery to eligible, new or expanding companies – all at no cost. Any manufacturing, corporate headquarters, warehouse and distribution, research and development or other strategic facility must create at least 15 jobs; and, service providers must create at least 50 jobs.
The QUALITY JOBS PROGRAM provides a 5 percent or 6 percent rebate on annual payroll expenses for up to 10 years, and either a 4 percent sales/use tax rebate on capital expenditures or an investment tax credit equal to 1.5 percent of qualifying expenses. A project must create at least 5 jobs, and there are no minimum investment requirements. The program is eligible to businesses that fall within one of the state’s target industries or have total annual out-of-state sales of at least 50 percent.
The DIGITAL MEDIA AND SOFTWARE INCENTIVE provides a 25 percent refundable tax credit on qualified production expenditures and a 35 percent refundable tax credit for Louisiana resident labor expenditures. There are no minimum investment requirements and no cap on costs. The incentive is eligible to digital interactive media productions in Louisiana, excluding largely static Internet sites and products regulated under the Louisiana Game Control Law.
The MEGA-PROJECTS DEVELOPMENT FUND provides grants of up to 30 percent 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.
The RESEARCH AND DEVELOPMENT TAX CREDIT provides a refundable tax credit of up to 40 percent to businesses that conduct research and development activities (or secure certain federal SBIR/STTR grants) within Louisiana. The tax credit depends on the number of Louisiana resident employees. Companies who incur research and development expenses may be able to receive credits against state income and corporate franchise taxes. Companies whose research and development tax credits exceed their tax liabilities receive a refund from the state.
ANGEL INVESTOR TAX CREDIT: Provides up to a 35 percent tax credit for individual investors who invest in early stage, wealth-creating businesses.
ECONOMIC DEVELOPMENT AWARD PROGRAM: Provides funding for site and/or infrastructure improvements for projects creating new jobs.
ENTERPRISE ZONE: Provides a $2,500 tax credit for each certified net new job created; and either a 4 percent sales/use tax rebate on capital expenditures or income and franchise tax credits up to 1.5 percent of investment.
INDUSTRIAL TAX EXEMPTION: Provides a100 percent property tax abatement for up to 10 years on materials used in new manufacturing.
LIVE PERFORMANCE TAX CREDIT: Provides a tax credit up to 35 percent on qualified production or infrastructure development expenditures, with additional tax credits available for payroll and transportation expenditures.
MODERNIZATION TAX CREDIT: Provides a 5 percent refundable state tax credit for manufacturers modernizing or upgrading existing facilities in Louisiana.
MOTION PICTURE INDUSTRY DEVELOPMENT TAX CREDIT: A transferable tax credit of 30 percent for qualified motion picture production expenditures and an additional 5 percent tax credit for Louisiana resident labor expenditures.
RESTORATION TAX ABATEMENT: Provides a five-year 100 percent property tax abatement for the rehabilitation of an existing structure.
SOUND RECORDING INVESTOR TAX CREDIT: Provides a 25 percent refundable tax credit for qualified production expenditures on state-certified sound recording projects.
TECHNOLOGY COMMERCIALIZATION CREDIT AND JOBS PROGRAM: Provides a 40 percent refundable tax credit for companies that invest in the commercialization of Louisiana technology and a 6 percent payroll rebate for the creation new, direct jobs.
