Snapshots of local, state, and federal incentives available in SWLA.
Louisiana Economic Development (LED) Incentives
To apply for any LED incentive(s), an Advance Notification form and fees must be completed before any public announcement, start of construction, hiring, or purchase of equipment. Visit LED’s FastLane to register and apply for an Advance Notification.
FastLane: LED's real-time, searchable database for incentives data, FastLane manages the applications for select incentive programs.
Angel Investor Tax Credit Program: Provides a 25.2 percent tax credit for accredited investors contribute to businesses certified by LED as Louisiana Entrepreneurial Businesses. Investors are allowed to invest $720,000 per business per year, and $1.44 million per business over the life of the program.
Digital Interactive Media and Software Incentive: Provides up to a 35 percent refundable tax credit for Louisiana resident labor expenditures and up to a 25 percent refundable tax credit on qualified production expenditures.
Enterprise Zone Program: Provides a tax credit up to $3,500 per new, permanent full-time job and either a state sales/use tax rebate on qualifying expenses or an investment credit equal to 1.5 percent of capital expenditures, excluding tax-exempted items.
Industrial Tax Exemption Program (ITEP): With local approval, provides up to a 100 percent property tax abatement for an initial term of up to five years and the option to renew for up to three additional years at up to 80 percent tax abatement on a manufacturer’s qualifying capital investments.
Motion Picture Investor Tax Credit: Provides a tax credit of up to 30 percent on qualified production expenditures and an additional 10 percent tax credit for Louisiana resident labor expenditures.
Musical and Theatrical Production Tax Incentive: Provides at tax credit of 18 percent 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.
Qualified Entertainment Company: A 15 percent or 20 percent tax credit on annual wages to qualified entertainment companies that create a minimum of five well-paid net new jobs for Louisiana residents.
Qualified Music Company: A 10 percent or 15 percent credit on annual wages to qualified music industry-related companies that create a minimum of three well-paid net new jobs for Louisiana residents.
Quality Jobs: A cash rebate of up to 6 percent on annual gross payroll for new, direct jobs for an initial five-year term with an option for a five-year renewal. It can also provide a state sales/use tax rebate on capital expenditures or a 1.5 percent project facility expense rebate for qualified expenses.
Research and Development Tax Credit: A tax credit up to 40 percent for Louisiana businesses (based on employment) that conduct research and development activities in Louisiana.
Restoration Tax Abatement: A 100-percent property tax abatement for up to 10 years for the rehabilitation of an existing structure based assessed valuation of property prior to beginning improvements.
Sound Recording Investor Tax Credit: An 18 percent tax credit issues as a rebate on qualified expenditures for sound recording productions.
Special Programs for Small Businesses
Bonding Assistance Program: Provides bond guarantees up to 25 percent or $100,000, whichever is less, for qualifying contractors requiring surety bonds for public or private jobs.
CEO Roundtables: Peer-to-peer consultation gives executives the opportunity to discuss business practices and management strategies with other executives who deal with similar growth challenges.
Economic Gardening Initiative: Provides small businesses with accelerated technical assistance and research from an experienced national economic gardening team.
Hudson Initiative: Provides small businesses with greater potential for access to state procurement and public contract opportunities.
Louisiana Contractors Accreditation Institute: Provides information and training to help businesses expand their understanding of the construction industry.
Louisiana Veteran Entrepreneurship Program: Provides training to give veterans the tools needed to develop their business ideas, including business planning, marketing, financing, capital formation and other aspects of business development.
Mentor - Protégé Recognition Program: Connects Louisiana-based small and emerging businesses to technical and developmental assistance provided by mentor companies.
Small Business Loan and Guaranty Program: Provides loan guarantees that may equal up to 75 percent of the loan amount, not to exceed a maximum guarantee amount of $15 million.
Small and Emerging Business Development Program: Provides developmental assistance, including entrepreneurial training, marketing, computer skills, accounting, legal, and industry-specific assistance.
State Trade Expansion Program (STEP): Provides financial awards to state and territory governments to assist small businesses with export development.
Veteran Initiative: Helps veteran-owned and service-connected disabled veteran-owned small businesses gain greater access to purchasing and contracting opportunities at the state level.
Federal Incentives in Louisiana
The Opportunity Zones program offers federal tax incentives to investors who make qualified equity investments in 150 designated Census tracts across Louisiana.
Contact Gus Fontenot, Project Coordinator, 337.433.3632 or email@example.com, for more information.