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Louisiana Resources Page
Inward Investment Guides

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

Regional Report: Beyond Automotive, the South Revs Up Growth Across Diverse Industries

Beth Mattson-Teig (Directory 2014)
A highly skilled work force and good transportation infrastructure are also drawing aerospace and other high-tech companies. More

Louisiana: Climbing the Economic and Business Climate Charts

Craig Guillot (Q4 / Fall 2013)
State sources report that Louisiana’s economy held strong during the recession, and that during the past five years, its GDP growth was about 50 percent faster than the national average. More

Top States for Doing Business 2013: Site Consultant Survey Results

Area Development Magazine Special Presentation (Q3 / Summer 2013)
Our Top States for Doing Business Survey polls the site consultants who help companies make their new facility and expansion decisions, and ranks the states based on their number of mentions in 17 categories. More

Work Force Development Programs Can Make or Break a Site Selection Deal

Mark Crawford (Q3 / Summer 2013)
With scant time and resources for recruiting and training workers, companies are looking at states that will help them to quickly satisfy their labor force needs. More
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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%