The St. Tammany 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:
The nation’s No. 1 workforce training program, FastStart creates customized employee recruiting, screening and training solutions — at no cost to eligible companies.
Up to a 25 percent tax credit for individual investors who invest in early stage, wealth-creating businesses that seek start-up and expansion capital.
A 25 percent tax credit for in-state labor, and an 18 percent credit for eligible production expenditures.
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.
Provides a federal tax incentive for investors to re-invest their capital gains into Opportunity Funds.
Property tax abatement for up to 10 years on a manufacturer’s new investment and annual capitalized additions.
Up to a 40 percent tax credit on eligible in-state production expenditures, including resident and non-resident labor.
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 100 percent property tax abatement for up to 10 years for the rehabilitation of an existing structure.
Click here for a master list of program eligibility.
For more information, contact Jack Nickens, Coordinator of Business & Technical Services and Land & Sites, at 985-809-7874 or firstname.lastname@example.org.