Advanced Manufacturing
Hayes Companies, Pineville

Bold Business Incentives for Advanced Manufacturing

As the U.S. experiences an industrial rebirth, Louisiana’s highly competitive incentives are offering both new and existing manufacturers in the state significant advantages.

  • For competitive projects that involve substantial new-job creation, major investment and the majority of sales to out-of-state customers, the Competitive Projects Payroll Incentive can provide up to a 15 percent payroll rebate over 10 years. Additionally, a participating company will be eligible for either a 4 percent rebate of state sales and use taxes on capital expenditures or a 1.2 percent project facility expense rebate.
  • If not eligible for the Competitive Projects Payroll Incentive, manufacturers may still qualify for the Quality Jobs program, which provides up to a 6 percent cash rebate of annual gross payroll for new, direct jobs for up to 10 years. It could also provide a state sales/use rebate on capital expenditures or a 1.5 percent investment tax credit for qualified expenses.
  • Louisiana offers the Industrial Tax Exemption Program, which provides up to 100 percent property tax abatement for up to eight years on an manufacturer’s new investment and annual capitalized additions.
  • Louisiana’s Research and Development Tax Credit provides up to a 40 percent tax credit on qualified research expenditures incurred in Louisiana – with no cap and no minimum requirement.