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Louisiana Resources Page
Inward Investment Guides

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

Energy-Rich States Growing U.S. Economy, Shifting Global Balance

Geraldine Gambale, Editor, Area Development Magazine (Q3 2014)
States with plentiful energy resources exhibited the fastest rates of economic growth last year; nationwide growth in energy-related jobs was more than twice the national average of overall job growth. More

Top States for Doing Business 2014: Georgia Unseats Texas, Industrial Midwest Rises

Dale D. Buss, Staff Editor,  (Q3 2014)
The list continues to be dominated by states in the South and mid-South as states from the industrial Midwest scratch their way back into position as major players in U.S. economic-development. 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

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

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%