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Louisiana Resources Page
Inward Investment Guides

Building a Sustainable Labor Pipeline

Matt Jackson, Managing Director, JLL (Q1 2015)
More companies are thinking through the long-term goals of training a sustainable supply of labor, and maintaining a productive workforce as manufacturing technology continues to evolve. More

Shale Oil & Gas Development Changing the Way the Nation Does Business

Charlotte Batson, Owner and Principal, Batson & Company (Q1 2015)
The development of oil and gas resources is driving infrastructure and manufacturing location decisions, while boosting U.S. competitiveness. More

The United States: A Growing Competitor for New Manufacturing Plants

Alexandra Segers, International Senior Account Executive/Program Manager, SSOE Group (Q1 2015)
As companies continue to review their global site selection options, they are realizing the strong, measurable advantages a U.S. location offers. These advantages can easily be overlooked if the location decision is based on limited information or preconceived notions. More

Regional Report: Auto, Aviation, Energy Drive Growth in the South

Steve Stackhouse-Kaelble (Directory 2015)
The Southern States are driving into the future on the strength of the motor vehicle industry. These states tend to be heavy on manufacturing; their manufacturing sectors tend to have strong automotive activity, and it’s a good time to be in that business. That’s among the reasons all six of the states in this region took home Area Development’s Silver Shovel honors earlier this year. More

Shale Gas Revitalizing U.S. Manufacturing Industry…While Environmentalists Have Their Say

Geraldine Gambale, Editor, Area Development Magazine (Directory 2015)
Although some states are rolling back or banning fracking due to potential environmental impact, overall, U.S. shale gas development and production is surging and helping to trigger a resurgence in manufacturing. More

Location Notebook: Economic Innovation in the “New” New Orleans

Craig Guillot (Directory 2015)
As New Orleans approaches the 10-year anniversary of Hurricane Katrina in 2015, the city is in many ways barely recognizable to what it was years ago. Economists and national publications say it has undergone one of the most rapid and dramatic economic turnarounds in recent American history. More

Critical Site Selection Factor #1: Availability of Skilled Labor an Acute Need

Dale D. Buss, Staff Editor,  (Q4 2014)
With a growing U.S. economy and an “onshoring” trend fanning demand, the availability of skilled labor has become the #1 factor in site decisions. More

Securing Incentives With a Well-Paid Workforce

Robert Foley, Manager, Global Location & Expansion Services, KPMG LLLP (Q4 2014)
As a growing number of states augment their business incentives with Quality Jobs programs, manufacturing, technology and other high value-add companies are well positioned to potentially reap significant and often enhanced tax and non-tax benefits. More

LOUISIANA at a glance

POPULATION: 4,625,470 (2013 estimate, US Census)

LABOR FORCE: 2,146,613 (Sep. 2014 seasonally adjusted, BLS)

RIGHT TO WORK: Yes

TRADITIONAL INDUSTRIES:Oil and gas, petrochemicals, agriculture, timber, processed foods

EXPANDING INDUSTRIES: Advanced manufacturing, agribusiness, clean tech, digital media and software, energy, entertainment, specialty healthcare, water management

COLLEGE GRADUATES: (Age 25 and over) 22.5% (2013 estimate, US Census)

BASIC BUSINESS TAXES:
Corporate Income Tax:4 percent on first $25,000; 5 percent on second $25,000; 6 percent on next $50,000; 7 percent on next $100,000; 8 percent over $200,000 based on net income of domestic and foreign corporations derived from Louisiana sources; federal income taxes are deductible in computing Louisiana net taxable income; state tax credits allowable under certain incentive programs can be used to offset all or part of corporate income taxes.

Corporate Franchise Tax: $1.50 per $1,000 on first $300,000 of issued and outstanding capital stock, surplus, and undivided profits; $3.00 per $1,000 above $300,000; state tax credits allowable under certain incentive programs can be used to offset all or part of corporate franchise taxes.

Sales and Use Tax: 4 percent levied on sale of tangible personal property at retail, as well as the use, consumption, distribution, or storage of tangible personal property and the sale of certain services in the state; 0 to 7 percent local rate; several exemptions provided for sales tax; electricity, water, natural gas, machinery and equipment used by manufacturers are exempt from Louisiana sales tax.

Property Tax: Statewide average effective rate; 1 percent of land FMV and 1.5 percent of businesses' capital assets FMV; levied by cities and parishes (Louisiana offers an ad valorem tax, 10-year, 100 percent abatement for qualified new capital investments.)

BUSINESS INCENTIVES:
Enterprise zones

Quality Jobs Program

Restoration tax abatement

Industrial tax exemption

R&D Tax Credit

Sound Recording Investor Tax Credit

Digital Interactive Media and Software Development Tax Credit

Motion Picture Investor Tax Credit

Musical & Theatrical Production Tax Incentive

LED FastStart™

Modernization Tax Credit

Technology Commercialization Credit and Jobs Program

New Markets Tax Credit

Small Business Loan Program

Micro Loan Program

Angel Investor Tax Credit

Veteran Initiative

Competitive Projects Payroll Incentive

Corporate Headquarters Relocation Program

Principal Manufacturing industries

  • Chemical Manufacturing
    49.0%
  • Petroleum and Coal Products
    27.4%
  • Food, Beverage, Tobacco
    5.6%
  • Machinery Manufacturing
    4.8%
  • Fabricated Metal Products
    4.4%
  • Paper Manufacturing
    3.8%
  • Other Transportation Equip.
    3.6%
  • Nonmetallic Mineral Products
    1.5%
Source: U.S Bureau of Economic Analysis, based on percentage of total manufacturing in 2012 state real GDP