LOUISIANA INCENTIVES SUMMARY
Industrial Tax Exemption Program (ITEP)
Manufacturing and companies related to manufacturing may be eligible for up to 80% ad valorem tax exemption, with a base rate of exemption for an initial five-year term. An option to renew for an additional five-year term may be available.
LED FastStart
This program is a flexible, customized training program designed to strengthen the state's workforce. LED FastStart is one of the best training programs in the U.S. Companies must commit to creating an increase of 15 net new, full-time jobs in manufacturing or distribution, or a net increase of 50 net new, full-time jobs in digital media, headquarters, research & development, or inbound call center operations.
Enterprise Zone Tax Credit
Provides a one-time tax credit for new or existing Louisiana companies that create net new full-time jobs, hiring at least 50 percent of those jobs from one of four targeted groups. Tax credits of $1,000 or $3,500 per new job created. Companies may also qualify for a sales and use rebate on qualified materials, machinery, furniture and equipment purchases or a 1.5 percent refundable investment tax credit on the total capital investment. The rebate is limited to $100,000 per net new job.
Notice: This list of economic development incentive programs is intended to provide a high-level overview of commonly pursued state discretionary programs. A comprehensive analysis of project details will determine the full scope of state and local incentive programs that may be available to support a specific project.
