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While the Bayou State was hit hard by the pandemic and Hurricane Ida in August 2021, the promise of new projects and expansions offer great hope. The chemical and logistics industries continue to drive development along the Mississippi River and Gulf Coast. But in cities like New Orleans, Baton Rouge and Lafayette, new healthcare andtech developments are starting to rise.
LED FastStart: Nationally recognized workforce training program that offers customized employee recruiting, screening and training solutions at no cost to eligiblecompanies.
Angel Investor Tax Credit: Offers up to a 25% tax credit for individual investors who invest in early-stage, wealth-creating businesses that seek startup and expansioncapital.
Industrial Tax Exemption: Offers a property tax abatement for up to 10 years on a manufacturers’ eligible new capital expenditures.
Quality Jobs: Offers up to a 6% rebate on annual pay- roll expenses for up to 10 years and tiered a state sales/ use tax rebate on capital expenses, or a 1.5% investment taxcredit, for qualified jobs.
Louisiana Economic Development
Baton Rouge Area Chamber
Greater New Orleans, Inc. Regional Economic Development
In October 2021, Louisiana Economic Development launched the Diversity in Entrepreneurship initiative to accelerate growth in second-stage minority and women-owned businesses. The initiative will focus on providing strategic benefits such as building manage ment teams, sustaining growth and identifying new opportunities.
One Fortune 500 company headquartered in state:
Other large companies include: