Issue Date: 6-7-16 Ad proof #1
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INCENTIVES
ARE YOU THINKING about expanding, relocating or starting up a business? Louisiana’s tax credits and incentive programs give companies a competitive edge. Here’s a summary of some of the incentives available through Louisiana Economic Development. For more details, visit opportunitylouisiana.com/incentives. LED FASTSTART FastStart creates customized employee recruiting, screening and training solutions at no cost to eligible companies. ANGEL INVESTOR TAX CREDIT Up to a 25.2% tax credit for individual investors who invest in early stage, wealth-creating businesses that seek startup and expansion capital. COMPETITIVE PROJECTS PAYROLL INCENTIVE PROGRAM An incentive rebate of up to 15% of a participating company’s new payroll for up to 10 years, and a rebate of sales and use taxes on capital expenditures or a 1.2% project facility expense rebate. DIGITAL INTERACTIVE MEDIA AND SOFTWARE DEVELOPMENT INCENTIVE Up to a 35% refundable tax credit for in-state labor, coupled with up to a 25% refundable credit for eligible production expenses. ENTERPRISE ZONE Either a $3,500 or $1,000 tax credit for each certified net, new job created and either a 4% sales/use tax rebate on capital expenses or 1.5% investment tax credit for qualifying expenses. INDUSTRIAL TAX EXEMPTION Property tax abatement for up to 10 years on a manufacturer’s new
investment and annual capitalized additions. MOTION PICTURE INVESTOR TAX CREDIT Up to a 30% transferable tax credit for qualified production expenditures and an additional 10% tax credit for Louisiana labor expenditures.
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THE POWER OF LANDSCAPE
We don’t just maintain landscapes. We grow them!
QUALITY JOBS Up to a 6% rebate on annual payroll expenses for up to 10 years and either a 4% sales/use tax rebate on capital expenses or a 1.5% investment tax credit for qualifying expenses. RESEARCH AND DEVELOPMENT TAX CREDIT A tax credit up to 40% to existing businesses with operating facilities in Louisiana to establish or continue research and development within the state. RESTORATION TAX ABATEMENT A 100% property tax abatement for up to 10 years for the rehabilitation of an existing structure. TECHNOLOGY COMMERCIALIZATION CREDIT AND JOBS PROGRAM A refundable tax credit of 28.8% for companies that invest in the commercialization of Louisiana technology and a payroll rebate of 4.32% for the creation of new direct jobs.
SPECIAL PROGRAMS FOR SMALL BUSINESSES
FROM ENTREPRENEURIAL STARTUPS to small business growth and expansion, Louisiana offers a comprehensive array of educational, managerial and financial programs to cultivate small business opportunities. BONDING ASSISTANCE PROGRAM Provides access to quality bid, payment and performance bonds at reasonable rates from surety companies when bonding capacity is needed.
SMALL AND EMERGING BUSINESS DEVELOPMENT PROGRAM Provides developmental assistance, such as entrepreneurial training, marketing, accounting and legal assistance.
ECONOMIC GARDENING INITIATIVE Provides customized core business strategies, market research, qualified sales leads and improved internet and technology.
SMALL BUSINESS LOAN AND GUARANTY PROGRAM Provides loan guarantees to banks and other small business lenders in association with the SSBCI ranging from $5,000 to $1.5 million.
HUDSON INITIATIVE Certification program offering greater access to purchasing and contracting opportunities at the state government level.
STEP GRANT Provides financial awards to states to assist small businesses with export development.
LOUISIANA CONTRACTORS ACCREDITATION INSTITUTE Provides construction firms management information in preparation for the General Contractors State Licensing Exam.
VETERAN INITIATIVE Helps veteran-owned, service-connected and disabled veteran-owned small businesses gain access to purchasing and contracting opportunities with the state.
225.267.5732 www.mgminc.com Daily-Report.com | BUSINESS REPORT, February 28, 2017
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