St. Tammany Economic Development Corporation works with the State of Louisiana to offer companies an opportunity to take advantage of programs that can help support and accelerate business growth and job creation.
Louisiana Economic Development’s (LED) Business Support mechanisms consist of:
FastLane
LED’s real time, searchable database for incentives data, FastLane manages the applications for select incentive programs.
The nation’s No. 1 workforce training program, FastStart creates customized employee recruiting, screening and training solutions — at no cost to eligible companies.
Either a $3,500 or $1,000 tax credit for each certified net, new job created and either a state sales/use tax rebate on capital expenses or 1.5 percent investment tax credit for qualifying expenses.
A 15 percent or 20 percent tax credit on annual wages to qualified entertainment companies (QEC) that create a minimum of five well-paid net new jobs for Louisiana residents.
A 10 percent or 15 percent credit on annual wages to qualified music industry-related companies (QMC) that create a minimum of three well-paid net new jobs for Louisiana residents.
Up to a 6 percent rebate on annual payroll expenses for up to 10 years and either a state sales/use tax rebate on capital expenses or a 1.5 percent project facility expense rebate for qualifying expenses.
A tax credit up to 30 percent to existing businesses with operating facilities in Louisiana to establish or continue research and development within the state.
