Incentives
Economic Incentives for Businesses of All Sizes |
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Program Name | Benefit | Eligibility (Not Comprehensive) |
Enterprise Zone | Tax credit program: provides a one-time $2,500 tax credit per certified net new permanent, full-time 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. |
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Quality Jobs | Cash rebate: provides up to 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 capital expenditures, excluding tax-exempted items. |
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Restoration Tax Abatement | Property tax abatement: Provides 100% abatement for up to 10 years for the rehabilitation of an existing structure based on assessed valuation of property prior to beginning of improvements. |
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Industrial Tax Exemption |
Property tax abatement: provides a 100% property tax abatement for up to 10 years on manufacturer’s qualifying capital investments |
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Research & Development Tax Credit | Tax credit program: provides up to a 40% tax credit for Louisiana businesses (based on employment) that conduct research and development activities in Louisiana |
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Sound Recording Investor Tax Credit |
Tax credit program: provides a 18% tax credit issued as a rebate on qualified expenditures for sound recording productions. |
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Digital Interactive Media and Software Incentive |
Tax credit program: provides a 35% refundable tax credit for Louisiana resident labor expenditures and up to a 25% refundable tax credit on qualified production expenditures. |
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Competitive Projects Payroll Incentive | Rebate: provides a payroll rebate of up to 15% in target sectors for up to 10 years and either a 4% sales/use tax rebate on capital expenditures or a facility expense rebate equal to 1.2% of capital expenditures, excluding tax-exempted items. |
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Musical and Theatrical Production Tax Incentive | Tax credit program: provides a tax credit of 18% for musical and theatrical productions and state certified higher education infrastructure projects; additional credits are available for employing Louisiana residents and students in conjunction with state certified musical and theatrical productions. |
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LED FastStart™ | Workforce development program: provides workforce recruitment, screening and training to eligible new and expanding Louisiana companies at no cost. |
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Technology Commercialization Credit and Jobs Program | Tax credit program: Provides a refundable tax credit of 28.8% for individuals or businesses that invest in the commercialization of Louisiana technology and a payroll rebate of 4.32% for the creation of new direct jobs. |
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Motion Picture Investor Tax Credit | Tax credit program: provides a tax credit of up to 30% on qualified production expenditures and an additional 10% tax credit for Louisiana resident labor expenditures. |
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Special Incentives For Small Businesses |
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Program Name | Benefit | Eligibility (Not Comprehensive) |
Small Business Loan and Guaranty Program | Loan assistance program: provides up to 75% loan guarantees to facilitate capital accessibility not to exceed $1.5 million. The program's purpose is to provide financial assistance, which will help with the development, expansion and retention of Louisiana's small business. |
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Economic Gardening Initiative | Informational Services: Louisiana Economic Development's Economic Gardening Initiative provides Louisiana-based small businesses with the information they need to grow and succeed. |
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Small and Emerging Business Development Program | Technical Assistance: provides the managerial and technical assistance training needed to grow and sustain a small business. Provides for developmental assistance, including entrepreneurial training, marketing, computer skills accounting, business planning, and legal and industry-specific assistance. Consideration for bidding on select products or services purchased by state agencies and SEBD Intermediaries provide a free needs assessment and assistance with accessing other program benefits. |
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Veteran Initiative | Certification Program: designed to help eligible Louisiana Veteran-owned and Service-Connected Disabled-Veteran-owned small businesses gain greater access to purchasing and contracting opportunities that are available at the state government level. |
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Hudson Initiative | Certification program: designed to help eligible Louisiana small businesses gain greater access to purchasing and contracting opportunities that are available at the State governmental level. |
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