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 Facts
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.
JEDCO
Margo Ruiz
Economic Information & Incentives Coordinator
Phone: (504) 875-3920
Fax: (504) 875-3923
Email: mruiz@jedco.org
LOUISIANA ECONOMIC DEVELOPMENT
Joyce Metoyer
Program Administrator
Business Incentive Services
Phone: (225) 342-0485
Email: joyce.metoyer@la.gov
www.louisianaeconomicdevelopment.com