Louisiana

Quick Facts

louisiana.2013.jindal

Louisiana Governor Bobby Jindal

 

  • Capital: Baton Rouge
  • Population (2012 Est.): 4,601,893
  • Largest Cities (2012): New Orleans, 369,250; Baton Rouge, 230,058; Shreveport, 201,867; Lafayette, 122,761; Lake Charles, 73,474
  • Targeted Industries: Automotive, Aerospace, Manufacturing, Software Development, Water Management, Energy, Entertainment
  • GDP (All Industry 2012): $243.2 billion*

*Bureau of Economic Analysis, U.S. Department of Commerce

louisiana

Incentives

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.

The Southwest Louisiana Economic Development Alliance

George Swift
President  & CEO
P.O. Box 3110
Lake Charles, LA 70602
337-433-3632
fax: 337-436-3727
[email protected]
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!

logo-1

State Listings

  • Louisiana Economic Development

    Donald Pierson Jr.
    Senior Director of Business Development
    1051 North Third Street
    Baton Rouge, LA 70802-5239
    P: 225-342-4319
    [email protected]
    www.opportunitylouisiana.com
  • Louisiana Economic Development Association (LEDA)

    Ron Markham
    Executive Director
    P.O. Box 113213
    Metairie, LA 70011
    P: 504-339-0520
    [email protected]
    www.ledagroup.org

 

Utility Listings

  • AEP Southwestern Electric Power Company

    Frank E. Crockett, CEcD
    Manager, Economic Development (Texas, Arkansas, Louisiana)
    428 Travis Street
    Shreveport, LA 71101
    P: 318-673-3170
    [email protected]
    www.swepco.com
  • Association of Louisiana Electric Cooperatives (ALEC)

    Randall C. Pierce
    CEO
    10725 Airline Highway
    Baton Rouge, LA 70816
    P: 800-355-3450
    [email protected]
    www.alec.coop
  • Entergy

    Eduardo "Ed" Jimenez
    Director Business and Economic Development
    446 North Boulevard
    Baton Rouge, LA 70802
    P: 225-339-3233
    [email protected]
    www.entergylouisiana.com

 

Regional Listings

  • Acadiana Economic Development Council

    Rebecca V. Shirley
    Director
    211 East Devalcourt Street
    Lafayette, LA 70506
    P: 337-593-1411
    [email protected]
    www.teamacadiana.org
  • Central Louisiana Economic Development Alliance

    Jim Clinton
    President & CEO
    1118 Third Street, P.O. Box 465
    Alexandria, LA 71309
    P: 318-441-3401
    [email protected]
    www.centrallouisiana.org
  • Churchill Technology & Business Park

    Jerry Bologna
    JEDCO Deputy Director
    700 Churchill Parkway
    Avondale, LA 70094
    P: 504-875-3908
    [email protected]
    www.churchillpark.org
  • North Louisiana Economic Partnership

    Scott Martinez
    President
    One Texas Center, 415 Texas Street, Suite 320
    Shreveport, LA 71101
    P: 318-677-2536
    [email protected]
    www.nlep.org
  • Northeast Louisiana Economic Alliance

    Tana Trichel
    President & CEO
    204 Fair Avenue
    Winnsboro, LA 71295
    P: 318-435-4865, ext. 211
    [email protected]
    www.nelea.us
  • Port of South Louisiana

    Linda Prudhomme
    Director of Business Development
    171 Belle Terre Boulevard
    LaPlace, LA 70068
    P: 985-652-9278
    [email protected]
    www.portsl.com
  • The Coordinating and Development Corp. (Northwest Louisiana)

    Buck Trussell
    VP, Division of Economic Development
    5210 Hollywood Avenue, P.O. Box 37005
    Shreveport, LA 71133-7005
    P: 318-632-2022
    [email protected]
    www.cdconline.org
  • The Southwest Louisiana Economic Development Alliance

    George Swift
    President & CEO
    P.O. Box 3110
    Lake Charles, LA 70602
    P: 337-433-3632
    [email protected]
    www.allianceswla.org

 

County Listings

  • Jefferson Parish Economic Development & Port District

    Jerry Bologna
    JEDCO Executive Director
    700 Churchill Parkway
    Avondale, LA 70094
    P: 504-875-3908
    [email protected]
    www.jedco.org
  • Lafayette Economic Development Authority (LEDA)

    David Colligan
    Manager of Business Development
    211 East Devalcourt Street
    Lafayette, LA 70506
    P: 337-593-1415
    [email protected]
    www.lafayette.org
  • St. James Parish

    Audrey Temple
    Economic Development Coordinator
    5800 Highway 44
    Convent, LA 70723
    P: 225-562-2525
    [email protected]
    www.stjamesla.com
  • St. Tammany Economic Development Foundation (STEDF)

    Brenda Bertus
    CEO
    21489 Koop Drive, Suite 7
    Mandeville, LA 70471
    P: 985-809-7874
    [email protected]
    www.stedf.org
  • Terrebonne Economic Development Authority

    Katherine Gilbert-Theriot
    Marketing Manager
    P.O. Box 3209
    Houma, LA 70361
    P: 985-873-6890
    [email protected]
    www.tpcg.org
  • Washington Economic Development Foundation

    Ryan Seal
    Executive Director
    526 Georgia Avenue, P.O. Box 668
    Bogalusa, LA 70429-0668
    P: 985-735-7565
    [email protected]
    www.wedf.com

 

City Listings

  • Baton Rouge Area Chamber

    Iain Vasey
    Executive Director of Business Development
    564 Laurel Street
    Baton Rouge, LA 70801
    P: 225-381-7158
    [email protected]
    www.brac.org
  • Downtown Development District

    Leigh M. Ferguson
    Director of Economic Development
    201 St. Charles Avenue, Suite 3912
    New Orleans, LA 70170
    P: 504-561-8927
    [email protected]
    www.neworleansdowntown.com
  • Greater New Orleans, Inc.

    Michael Hecht
    President & CEO
    365 Canal Street, Suite 2300
    New Orleans, LA 70130
    P: 504-527-6900
    [email protected]
    www.gnoinc.org
  • Iberia Industrial Development Foundation

    Michael J. Tarantino
    President & CEO
    101 Burke Street
    New Iberia, LA 70560
    P: 337-367-0834
    [email protected]
    www.iberiabiz.org
  • Port of New Orleans

    Chris Bonura
    Director, Business Planning & Commercial Development
    1350 Port of New Orleans Place, P.O. Box 60046
    New Orleans, LA 70160
    P: 504-528-3222
    [email protected]
    www.portno.com
  • Shreveport Department of Community Development

    Bonnie Moore
    Director
    401 Texas Street
    Shreveport, LA 71101
    P: 318-673-5900
    [email protected]
    www.shreveportla.gov