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Louisiana Resources Page
Inward Investment Guides

Low Costs + Skilled Workforce = A Perfect Fit

Minah Hall, Managing Director, True Partners Consulting LLC (Workforce 2014)
The site selection process has always been a complex balancing act of finding the “perfect” combination between the ideal physical location and the most qualified and available workforce, with the cost of doing business in each location tempering the two considerations. More

Closing the Gap Between Manufacturing Employers’ Needs and Workers’ Skills

Dave Claborn , Director of Development and Community Relations, Ohio State University, Marion (Workforce 2014)
A resurgent manufacturing sector, and shifting workplace technology, has government, business, and academic leaders combining to build a modernized system of work and learning capable of equipping the workforce for 21st century careers. More

Leading Locations for 2014: Economic Strength and Year-Over-Year Growth MSAs

Dale D. Buss, Staff Editor,  (Q2 2014)
Nine of the top-10 cities in the Area Development 2014 “Economic Strength” ranking benefited greatly from boom times for oil and gas development and refining, or from their area’s historic and growing position at the forefront of a burgeoning area of the global economy. More

Leading Locations for 2014: U.S. Metros Ranked for Economic and Job Growth

Dale D. Buss, Staff Editor,  (Q2 2014)
Area Development analyzes economic and workforce data for 379 MSAs, producing a snapshot of the cities across America that are poised to capitalize on the new potential for economic growth as the United States leaves the recession behind. A diversified economic base tops the most desirable traits. More

Louisiana Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Louisiana's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

The Southland Delivers a Solid Economic Performance

Mark Crawford (Q1 2014)
The southern states have embraced the transition from traditional to knowledge-based economies and work hard to attract new projects and the high-paying jobs that come with them. More

Manufacturing in America: Bigger, Better and Bolder

Mark Crawford (Q1 2014)
American manufacturing is on the upswing, with advances in innovation and productivity buoyed by decreased energy and transportation costs, and new efforts to increase work force skills. More

Sustainability: The “Invisible Hand” Shapes Next-Generation Location Selection

Don Schjeldahl, Founder, Don Schjeldahl Group (Q1 2014)
Companies that view their location strategies through a “sustainability filter” are more likely to achieve competitive advantage and long-term stakeholder value. More
News Items
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Studies/Research
News Items
Around The Web
Studies/Research

LOUISIANA at a glance

POPULATION: 4,574,836 (2011 Census)

LABOR FORCE: 2,072,285 (Sept. 2012 seasonally adjusted)

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) 26.3% (2011 estimate)

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 services in the state; 1 to 5 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 companies.)

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 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

Bonding Assistance Program

Angel Investor Tax Credit

Veteran Initiative

Competitive Projects Payroll Incentive

Corporate Headquarters Relocation Program

Principal Manufacturing industries

  • Chemicals
    16.6%
  • Fabricated Metal Products
    12.1%
  • Transportation Equipment
    11.7%
  • Food
    11.7%
  • Machinery
    11.0%
  • Petroleum & Coal Products
    8.0%
  • Paper
    5.2%
  • Wood Products
    4.2%
  • Nonmetallic Mineral Products
    4.1%
  • Other Manufacturing Industries
    15.5%