The Case for Doing Business
Regional Assets for the Technology industry
Lower Cost of Doing Business: Lower wages, lower utility costs, and less expensive real estate make the Greater New Orleans region one of the most affordable major market options for businesses today.
Creative Culture: From our world-famous music, food, and art to Mardi Gras and Jazz Fest, the Greater New Orleans region shines as a beacon of creativity and culture across the world. Its dynamic entrepreneurial community and flourishing digital media presence make Greater New Orleans a rich and rewarding place to build a creative business.
Critical Mass: New Orleans has seen rapid growth as a hub for technology firms, from global corporations like GE, Microsoft, and DXC Technology, to locally grown companies like Lucid and TurboSquid. Together, these companies form a robust and established ecosystem for technology companies of all sizes.
The Richest Incentives for Technology in the Country
Digital Interactive Media and Software Development Incentive: The strongest of its kind in the nation, this tax credit helps innovative digital media and software development companies of all sizes gain a competitive edge with a 25% tax credit on qualified payroll for in-state labor and an 18% tax credit for qualified production expenditures.
Qualified Entertainment Company Program: Provides companies in the entertainment industry a 15-20% tax credit on wages for all non-production related employees that meet minimum payroll threshold requirements.
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.
LED FastStart: 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.
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