- 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
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.
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
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.