- Enterprise Zone Program provides an income and franchise tax credits for businesses creating at least five full-time jobs and hiring at least 50% of those new jobs from four targets groups may receive a one-time $2,500 job tax credit per new job created and a 4% rebate of sales and use taxes paid on qualifying materials.
- Loan Portfolio Guaranty Program offers loans of up to $100,000 to Louisiana small businesses impacted by COVID-19 crisis from a $50 M funding total.
- Quality Jobs Rebate Program provides up to a 6% cash rebate and state sales tax rebate to companies engaged in a designated industry, have at least 50%. of its annual sales out-of-state or be in a parish within the lowest 25% of parishes based on income and meet certain job and payroll threshold.
- Competitive Projects Payroll Incentive Program provides an incentive rebate of up to 15 % of a participating company generating at least 50% of its sales from out-of-state buyers, demonstrate net new jobs and payroll within the state through the project, and offer health benefits plans to employees.
- Angel Investor Credit Program provides a 25% tax credit on investments by accredited investors who contribute to businesses certified by LED as Louisiana Entrepreneurial Businesses. Investors can invest $720k per business per year and $1.44 million per business over the life of the program
- Digital Interactive Media and Software Development Incentive provides up to 25% refundable tax credit for Louisiana resident labor expenditures and up to 18% refundable tax credit on qualified production expenditures
- Research and Development Tax Credit Progam provides up to a 30% tax credit on qualified research expenditures incurred in Louisiana – with no cap and no minimum spending requirement. Businesses can also receive up to a 30 percent tax credit under the following programs: Small Business Innovation Research Grant (SBIR) and/or Small Business Technology Transfer (STTR).
- Restoration Tax Abatement provides property tax abatement for up to 10 years for the rehabilitation of existing commercial structures and owner-occupied residences based on assessed valuation of property prior to beginning of improvements.
- Industrial tax exemptions of up to 80% is available for a manufacturer’s qualifying capital investments for an initial term of five years and the option to renew for an additional five years.
- A cash rebate of up to 6% on annual gross payroll is available 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 or a 1.5% project facility expense rebate for qualified capital expenditures, excluding tax-exempted items.
- Small Business Loan and Guaranty Program provides guarantees that may equal up to 75 percent of the loan amount, not to exceed a maximum guarantee amount of $1.5 million.
