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.
Testronic Opens 2nd US Office in New Orleans
London-based Testronic has announced that it will launch a new 150-job testing facility for digital games in New Orleans.
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