Requires submittal of Advance Notification and a $250 non-refundable fee to Louisiana Economic Development and must be filed and received by the Office of Business Development/Business Incentives Division (BI) prior to starting construction, purchasing, installing equipment or hiring. The Advance Notification must be submitted electronically on the Louisiana Economic Development’s NextGEN portal of Fastlane website.
The Enterprise Zone program is a jobs incentive program that provides Louisiana income and franchise tax credits to a new or existing business located in Louisiana creating permanent net new full-time jobs, and hiring at least 50% of those net new jobs from one of four targeted groups. The benefit provides:
The program is open to Louisiana businesses (new or existing) that will:
Business engaged in gaming, residential development, churches, restaurants, hotels, employment service agencies and retail businesses having a NAICS code beginning with 44, 45, 721, 722 or 5613 are not eligible. Requires submittal of Advance Notification and $250 non-refundable fee to LED.
Economic Information & Incentives Coordinator
Phone: (504) 875-3920
Fax: (504) 875-3923