The Greater New Orleans region is one of the only areas in the world equipped to design, manufacture, and assemble advanced space and defense products, including military ground transportation vehicles, civilian and military aircraft, space vehicles, and both naval and commercial ships and boats.
In addition to unparalleled infrastructure, lucrative incentives, and a talented workforce, the region provides access to several large defense contractors and NASA’s premier Michoud Assembly Facility, allowing the region to procure key government contracts and leverage regional technology expertise to aid other advanced manufacturing operations.
The manufacturing industry in the Greater New Orleans region benefits from the following regional assets:
LOW ENERGY COSTS
Louisiana’s electricity and natural gas rates are some of the lowest in the nation, directly decreasing operational costs for companies utilizing large, energy-intensive industrial equipment.
The Greater New Orleans region boasts a complex transportation infrastructure that provides easy access to the rest of the world via air, land, and sea. This extensive transportation system includes the largest port system by tonnage in the Western hemisphere and the only port in the country with access to all six Class I railroads via the New Orleans Public Belt.
The Greater New Orleans region is home to 16 development-ready industrial sites (“Certified Sites”), each of which has undergone extensive and rigorous review by Louisiana Economic Development and an independent, third-party engineering firm.
RIGHT TO WORK
Louisiana is a Right to Work state, where qualified employees are free to work in unionized workplaces without being required or compelled to join the union and pay union fees.
Manufacturing businesses in the region also benefit from world-class incentive programs, including:
THE INDUSTRIAL TAX EXEMPTION
Offers manufacturers up to 80% property tax abatement for an initial term of up to five years and the option to renew for an additional five years on a manufacturer’s qualifying capital investment related to the manufacturing process.
THE LOUISIANA QUALITY JOBS PROGRAM
Provides a cash rebate to companies that create well-paid jobs and promote economic development, including up to a 6% rebate of annual gross payroll for new direct jobs for up to 10 years and a state sales/use rebate on capital expenditures.
THE RESEARCH AND DEVELOPMENT TAX CREDIT
Encourages existing businesses with operating facilities in Louisiana to establish or continue research and development activities within the state by providing up to a 30% tax on qualified R&D expenditures.
Recognized as the nation’s best state workforce training program, LED FastStart provides customized employee recruitment, screening, and training to new and expanding companies at no cost.
The following manufacturing companies have found infrastructure, support, talent, and success in the Greater New Orleans region:
Lockheed Martin Manned Space
Trinity Marine Products
Bollinger Quick Repair
Textron Systems Marine & Land
Laitram and Inralox
To learn more about Advanced Manufacturing in the Greater New Orleans region, please contact: