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Louisiana Resources Page
Inward Investment Guides

U.S. Legislative, Incentives, & Economic Development Policies Update

Jason Hickey, President, Hickey & Associates, LLC (Q1 2016)
Growing companies need to be aware of the many changes states are making to their incentives policies. More

Regional Report: Manufacturing Leads the Way in the South

Mark Crawford (Directory 2016)
With strong automotive and aerospace sectors, as well as highly developed workforce training programs, the South continues to attract business investment. More

Investing in Workforce Benefits Employers and Their Communities

Minah Hall, Managing Director, True Partners Consulting LLC (Workforce Q4 2015)
Training provided by a state or community is valuable in bringing a workforce up to speed, but so is the creation of a “culture of learning” in an individual company. More

Incentives for Advanced Manufacturing: Out of Step with the Times

Dan Emerson (Q4 2015)
Automation and other process improvements have drastically reduced the number of workers needed to achieve a given level of productivity. Have state governments that use tax breaks and other inducements to attract industrial projects updated their incentives to reflect these changing times? Conversations with site selection consultants and state officials paint a varied picture. More

Georgia Once Again Leads the 2015 Top States for Doing Business

Mark Crawford (Q3 2015)
An attractive business environment, quality labor pool, and well developed infrastructure are among the shared advantages of those states ranked by the location consultants as the top choices for business. More

Choosing the Optimal Site for an Aviation-Related Project

Von Hatley, Managing Director, Jones Walker Consulting, LLC (2015 Auto/Aero Site Guide)
If current trends continue, a conservative estimate reveals there will be more than 1,000 announcements of aviation-related projects in the United States over the next decade. The best location decisions will be made by project teams that not only look at the current overall costs, but also have a deep understanding of hidden site development costs, in addition to the long-term political/financial stability that a region can provide. More

2015 Gold & Silver Shovel Awards Recognizing Excellence in State Job Creation and Economic Development Efforts

Area Development Special Presentation (Q2 2015)
Area Development’s annual awards recognize individual states for their overall economic development effectiveness. This year, we honor 21 states for their achievements in 2014 in garnering investment and job creation with Texas, Georgia, Tennessee, South Carolina and Nevada awarded the Gold Shovel. More

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

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