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Louisiana

Welcome to Louisiana on Business Facilities Online

LOUISIANA Fast Facts

• Population (2006): 4,287,768
• Largest Cities (2006): New Orleans, 223,388; Baton Rouge, 229,553; Shreveport, 200,199; Lafayette, 114,214; Lake Charles city, 70,224
• Targeted Industries: Advanced materials, construction, information technology, durable goods/manufacturing, energy/oil and gas, entertainment, life sciences

• Key Incentives: Quality Jobs Program, Industrial Tax Exemption Program, Small Business Loan Program, Industry Assistance Program, Tax Equalization Program

LOUISIANA State Incentives

The Small Business Loan Program provides loan guarantees or loan participation to banks for Louisiana small- and medium-sized businesses. Guarantees may be up to 75% depending on dollar amounts. Also provided is a loan participation of up to 40%. The maximum dollar amount for a guarantee or participation is $1.5 million. Applicants are required to have a business plan and a bank that is willing to consider the loan.

The Industrial Tax Exemption Program exempts new manufacturing facilities and expansion from state, parish, and local property taxes for up to 10 years. Initial exemption is for five years with an option for an additional five years. This program also includes exemptions for miscellaneous capital additions.

The Quality Jobs Program is available to companies engaged in manufacturing and basic industry, plus administrative and auxiliary services. Companies must offer a basic health benefit plan to new employees and pay at least 75% of the premium. A company must also offer health insurance to the dependents of employees, but 80% of the new jobs must average at least 30 work hours per week. Benefits include a rebate of 5% or 6% of the annual gross payroll for full-time new direct jobs created. There is a rebate of sales/use tax for capital investment, and there is a five-year contract with an option for a second five years.

Business Faciltiies articles covering Louisiana

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Louisiana Press Releases

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Louisiana State Resources

REGIONAL CONTACTS

Northwest Louisiana Economic Development Foundation
Kurt Foreman
Senior Vice President
400 Edwards St
Shreveport, LA, 71101
Tel: 318-677-2512
email: kurt@nledf.org
Web: www.nledf.org
As a regional economic development marketing organization, the NLEDF serves businesses and their representatives who may be considering investment in the ten parishes of NW Louisiana.

Southwest Louisiana Economic Development Alliance
George Swift
President/CEO
P.O. Box 3110
Lake Charles, LA, 70602
Tel: 337-433-3632
email: gswift@allianceswla.org
Web: www.allianceswla.org

STATE CONTACTS
(scroll - to view all listings)

Louisiana Economic Development
Stephen Moret
Secretary
P.O. Box 94185
Baton Rouge, LA, 70804-9185
Tel: 800-450-8115
Web: www.louisianaforward.com

UTILITIES

AEP Southwestern Electric Power Company
Arnie Frankel, CEcD
Manager, Economic Development
428 Travis St.
Shreveport, LA, 71101
Tel: 318-673-3170
Web: www.swepco.com

Association of Louisiana Electric Cooperatives
Rick Ward
Director, Economic Development
10725 Airline Highway
Baton Rouge, LA, 70816
Tel: 800-355-3450 24
Web: www.alec.coop

Entergy Louisiana
Shelley MacNary
Director of Econ. Dev.
5353 Essen Lane, Suite 120
Baton Rouge, LA, 70809
Tel: 225-763-5057
Web: www.teamworklouisiana.com

REGIONAL CONTACTS

Central LA Chamber of Commerce
Jason Blalock
Director of Economic Development
P.O. Box 992
Alexandria, LA, 71309
Tel: 318-442-6671
Web: www.cenlachamber.org

Northwest Louisiana Economic Development Foundation
Kurt Foreman
Senior Vice President
400 Edwards St
Shreveport, LA, 71101
Tel: 318-677-2512
Web: www.nledf.org

Southwest Louisiana Economic Development Alliance
George Swift
President/CEO
P.O. Box 3110
Lake Charles, LA, 70602
Tel: 337-433-3632
Web: www.allianceswla.org

The Coordinating and Development Corp. (Northwest Louisiana)
Gary Stothart II
Vice President, Division of Economic Development
5210 Hollywood Ave., P.O. Box 37005
Shreveport, LA, 71133-7005
Tel: 318-632-2022
Web: www.cdconline.org

COUNTY CONTACTS

Jefferson Parish Econ. Dev. Commission
Margo Ruiz
Economic Info./Tax Incentives Coordinator
3445 N. Causeway Blvd., Suite 300
Metairie, LA, 70002
Tel: 504-833-1881
Web: www.jedco.org

St. James Parish Council
Audrey Temple
Economic Development Office Manager
P.O. Box 629
Gramercy, LA, 70052-0629
Tel: 225-869-1717
Web: www.stjamesla.com

St. Tammany Economic Development Foundation
Brenda Reine-Bertus
Executive Director
21489 Koop Drive, Suite 7
Mandeville, LA, 70471
Tel: 985-809-7874
Web: www.stedf.org

Terrebonne Econ. Dev. Authority
Michael Ferdinand, CEO
Executive Officer
P.O. Box 3209
Houma, LA, 70361
Tel: 985-873-6890
Web: www.tpeda.org

Washington Economic Development Foundation
Ryan Seal
Executive Director
526 Georgia Ave., P. O. Box 668
Bogalusa, LA, 70429-0668
Tel: 985-735-7565
Web: www.wedf.com

CITY CONTACTS

Baton Rouge

Baton Rouge Chamber of Commerce
David Wood
Senior VP of Economic Development
564 Laurel Street
Baton Rouge, LA, 70801-1808
Tel: 225-381-7125
Web: www.brac.org

Lafayette

Lafayette Economic Dev. Authority
David Colligan
Director of Business Recruitment
211 East Devalcourt Street
Lafayette, LA, 70506-1421
Tel: 800-810-7771; 337-593-1415
Web: www.lafayette.org

New Orleans

Downtown Development District
Henry Charlot
Economic Development Coordinator
201 Saint Charles Ave., Suite 3912
New Orleans, LA, 70170
Tel: 504-561-8927
Web: www.neworleansdowntown.com

Greater New Orleans, Inc.
Mark C. Drennen
President and CEO
365 Canal St., Suite 2300
New Orleans, LA, 70130
Tel: 504-527-6939; 504-527-6900
Web: www.gnoinc.org

Shreveport

City of Shreveport Economic Development
S. Albert Gilliam
Economic Development Coordinator
505 Travis Street
Shreveport, LA, 71101
Tel: 318-673-5006
Web: www.ci.shreveport.la.us

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