Louisiana on Business Facilities Online
LOUISIANA Fast Facts
• Population (2008): 4,410,796
• Largest Cities (2008): New Orleans, 311,853; Baton Rouge, 223,689; Shreveport, 199,729; Lafayette, 113,656;
Lake Charles, 71,061
• Targeted Industries: Advanced Materials, Manufacturing, Agriculture/Forestry, Energy/Oil/Gas, IT
• Key Incentives:
Quality Jobs Cash Rebate, Restoration Property Tax Abatement, Industrial Tax Exemption
• GDP (All Industry 2008):
$222.2 billion*
*Bureau of Economic Analysis, U.S. Department of Commerce
LOUISIANA State Incentives
The Small Business Loan Program provides loan guarantees
or loan participation to banks for Louisiana small- and medium-sized
businesses. Guarantees may be up to 75% depending on dollar amounts.
Also provided is a loan participation of up to 40%. The maximum
dollar amount for a guarantee or participation is $1.5 million.
Applicants are required to have a business plan and a bank that
is willing to consider the loan.
The Industrial Tax Exemption Program exempts new manufacturing
facilities and expansion from state, parish, and local property
taxes for up to 10 years. Initial exemption is for five years with
an option for an additional five years. This program also includes
exemptions for miscellaneous capital additions.
The Quality Jobs Program is available to companies engaged
in manufacturing and basic industry, plus administrative and auxiliary
services. Companies must offer a basic health benefit plan to new
employees and pay at least 75% of the premium. A company must also
offer health insurance to the dependents of employees, but 80% of
the new jobs must average at least 30 work hours per week. Benefits
include a rebate of 5% or 6% of the annual gross payroll for full-time
new direct jobs created. There is a rebate of sales/use tax for
capital investment, and there is a five-year contract with an option
for a second five years.
Explore detailed community demographic information at ZoomProspector.com
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Louisiana State Resources
STATE CONTACTS
Louisiana Economic Development
Mary Jo Hanover
Business Development Services
1051 North Third Street
Baton Rouge, LA USA 70802
225-342-3000
hanover@la.gov
OpportunityLouisiana.com
Louisiana offers a wealth of opportunities for business expansion and relocation. Research hundreds of sites, mega sites and buildings with one innovative tool. Finding the right location is easier than ever. OpportunityLouisiana.com/Sites
UTILITIES
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REGIONAL CONTACTS
Central Louisiana Economic Development Alliance
Elton Pody
President
P.O. Box 992
Alexandria, LA USA 71309
318-442-6671
ep@cenlachamber.org
www.choosecenla.org
Promoting economic growth for Central Louisiana and its citizens.Serving as a business advocate for our members and fostering a business climate that supports business and industry.
The Southwest Louisiana Economic Development Alliance
George Swift
President/CEO
120 West Pujo Street
Lake Charles, LA USA 70601
337-433-3632
gswift@allianceswla.org
www.allianceswla.org
Southwest Louisiana, We are Equipped for Opportunity! We have six ports, two major airports, and numerous shovel-ready sites, buildings, plants, and petrochem facilities available for development!
COUNTY CONTACTS
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CITY CONTACTS
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- State Contacts
- Utilities
- Regional Contacts
- County Contacts
- City Contacts
Contact your Rep to get your listing here.
AEP Southwestern Electric Power Company
Arnie Frankel, CEcD
Manager, Economic Development - Texas, Arkansas, Louisiana
428 Travis St.
Shreveport, LA USA 71101
318-673-3170
atfrankel@aep.com
www.swepco.com
Association of Louisiana Electric Cooperatives
Rick Ward
Director, Economic Development
10725 Airline Highway
Baton Rouge, LA USA 70816
800-355-3450 24
rickward@demco.net
www.alec.coop
Northwest Louisiana Economic Development Foundation
Kurt Foreman
President
400 Edwards St
Shreveport, LA USA 71101
318-677-2512
kurt@nledf.org
www.nledf.org
The Coordinating and Development Corp. (Northwest Louisiana)
Gary Stothart II
Vice President, Division of Economic Development
5210 Hollywood Ave., P.O. Box 37005
Shreveport, LA USA 71133-7005
318-632-2022
info@cdconline.org
www.cdconline.org
Jefferson Parish Econ. Dev. Commission
Scott Rojas
Director of Marketing
3445 N. Causeway Blvd., Suite 300
Metairie, LA USA 70002
504-833-1881
srojas@jedco.org
www.jedco.org
St. Tammany Economic Development Foundation
Brenda Reine-Bertus
Executive Director
21489 Koop Drive, Suite 7
Mandeville, LA USA 70471
985-809-7874
brb@stedf.org
www.stedf.org
Washington Economic Development Foundation
Ryan Seal
Executive Director
526 Georgia Ave., P. O. Box 668
Bogalusa, LA USA 70429-0668
985-735-7565
info@wedf.com
www.wedf.com
Baton Rouge Chamber of Commerce
David Wood
Senior VP of Economic Development
564 Laurel Street
Baton Rouge, LA USA 70801-1808
225-381-7125
dwood@brac.org
www.brac.org
Greater New Orleans, Inc.
Mark C. Drennen
President and CEO
365 Canal St., Suite 2300
New Orleans, LA USA 70130
504-527-6939; 504-527-6900
mdrennen@gnoinc.org
www.gnoinc.org
