Incentives

Louisiana FastStart™

Provides workforce recruitment, screening and training to new and expanding Louisiana companies at no cost. Visit page

Digital Media Incentive

Provides a 25% tax credit for qualified production expenditures in Louisiana and a 35% tax credit for Louisiana resident labor expenditures. Visit page

Economic Development Award Program

Provides funding for site and/or infrastructure improvements for projects creating new jobs. Visit page

Enterprise Zone

Provides a $2,500 tax credit for each certified net new job created; and either a 4% sales/use tax rebate on capital expenditures or income and franchise tax credits up to 1.5% of investment. Visit page

Gulf Opportunity Zone

Provides tax incentives for business development in parishes most affected by hurricanes Katrina and Rita, including 50% bonus depreciation and tax exempt bonds. Visit page

Industrial Tax Exemption

Provides property a 100% tax abatement for up to 10 years on materials used in new manufacturing. Visit page

Live Performance Tax Credit

Provides a tax credit up to 25% on qualified production or infrastructure development expenditures, with additional tax credits available for payroll and transportation expenditures. Visit page

Mentor-Protégé Tax Credit

Provides up to $50,000 in tax credits for Louisiana-based contractors who provide competitive technical assistance to protégé construction firms. Visit page

Modernization Tax Credit

Provides a 5% refundable state tax credit for manufacturers modernizing or upgrading existing facilities in Louisiana. Visit page

Motion Picture Industry Development Tax Credit

A transferable tax credit of 30% for qualified motion picture production expenditures and an additional 5% tax credit for Louisiana resident labor expenditures. Visit page

New Markets Tax Credit

Investors in qualified projects can obtain a federal income tax credit of 5% to 6% of the amount invested for each year the investment is held, for up to seven years. Visit page

Quality Jobs

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 qualifying expenses. Visit page

Renewal Communities

Provides federal income tax credits to businesses investing in Renewal Communities, which are distressed areas in urban and rural communities that the federal government has targeted for development. Visit page

Research & Development Tax Credit

Provides a tax credit up to 40% to existing businesses with operating facilities in Louisiana to establish or continue research and development activities within the state. Visit page

Restoration Tax Abatement

Provides a five-year 100% property tax abatement for the rehabilitation of an existing structure. Visit page

Sound Recording Investor Tax Credit

Provides a 25% refundable tax credit for qualified production expenditures on state-certified sound recording projects. Visit page

Technology Commercialization Credit and Jobs Program

Provides a 40% refundable tax credit for companies that invest in the commercialization of Louisiana technology and a 6% payroll rebate for the creation new, direct jobs. Visit page

Programs

Bonding Assistance Program

Aids certified small and emerging businesses in reaching the bonding capacity required for specific projects. Visit page

Contract Loan Program

Provides a loan participation and guarantee to a bank for government contract loans. Visit page

Hudson Initiative

Provides small businesses with greater potential for access to state procurement and public contract opportunities. Visit page

Louisiana Contractors Accreditation Institute

The Louisiana Contractors Accreditation Institute is a management training course designed to support the state’s growing construction industry. Visit page

Micro Loan Program

Provides loan guarantees and participations to banks for micro-business loans, ranging from $5,000 to $50,000. Visit page

Microenterprise Development Program

Provides self-employment training that gives entrepreneurs the competitive advantage they need to succeed. Visit page

Small and Emerging Business Development Program

Assists Louisiana’s small businesses with entrepreneurial training, legal needs, marketing, business planning, computer skills and accounting. Visit page

Small Business Loan Program

Provides loan guarantees and participations to banks in order to facilitate capital accessibility for businesses. Visit page

Veteran Initiative

Provides veteran-owned and service-oriented, disabled veteran-owned small businesses with greater access to state procurement and public contract opportunities. Visit page