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Incentives

Unrivaled Incentive Programs for Your Competitive Edge

Louisiana offers a wide variety of targeted incentive programs to lessen the tax burden and lower the overall operation costs, helping companies who are locating and doing business in our state to thrive.

Whether you are a small business or a large multinational, Louisiana is your partner in reducing the risk of an expansion or relocation by making strategic investments in your long-term success in our region.

Companies that bring quality jobs and further diversify a rich local economy can take advantage of tax credits and other incentives, including material rebates, deferred property tax assessments, contract lending, and other cost-saving programs.

Combined with the low cost of doing business in Greater New Orleans, compared to other major cities, these incentives build a solid case for relocating, expanding operations, or starting a business in the area.

Rankings & Facts/Figures

Available Business Incentives

The State of Louisiana offers a suite of business incentive programs to make an expansion or relocation to Greater New Orleans make financial sense

High Impact Jobs

Louisiana’s High Impact Jobs Program (HIP) offers qualifying companies reimbursable grants for the creation of new jobs that pay above the parish (county) average wage. Companies of all sizes can benefit from grants administered directly by Louisiana Economic Development, with higher wages yielding higher grants.
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Industrial Tax Exemption

Provides 80% property tax abatement for up to 10 years on new manufacturing investments.
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Digital Interactive Media and Software Program

Up to a 25% tax credit on qualified payroll for in-state labor coupled with a 18% tax credit on qualified production expenditures.
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LED FastStart

LED FastStart provides customized employee recruitment, screening, training development and training delivery for eligible new or expanding companies.
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Research and Development Tax Credit

The Research & Development Tax Credit encourages Louisiana businesses to establish or expand research and development activities within the state.
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Federal Opportunity Zones

Louisiana has 150 designated Opportunity Zones created in order to drive investments to low-income areas via federal tax incentives for long-term growth.
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Restoration Tax Abatement

Receive up to a five-year, 100% property tax abatement for the rehabilitation of an existing structure located within economic development districts.
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Motion Picture Production Program

Up to a 40 percent tax credit on eligible in-state production expenditures, including resident and non-resident labor.
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Incentives Management System (Fastlane)

FastLane offers a secure online interface for companies seeking, applying for and managing state-approved incentives through LED.
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Angel Investor Tax Credit

Receive up to a 25% tax credit for investments in early stage, wealth-creating businesses that seek start-up and expansion capital.
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Most competitive software incentive in the U.S.

Innovative tech companies locate in the Greater New Orleans region to reduce risk without compromising on talent.

When the State of Louisiana created the Digital Media Incentive, the idea was to attract technology companies from around the world – and it worked.

One of the biggest attractions is the state’s Digital Media Incentive. Louisiana provides a tax credit of up to 25 percent on qualified payroll and 18 percent for qualified production expenditures for software development activities. Additionally, the Qualified Entertainment Credit provides up to 20 percent in rebates for non-production payroll (marketing, sales, etc.) expenses.