Louisiana’s Code for Success
Louisiana offers a variety of advantages for the digital media and software industries, including a positive business climate, creative talent and competitive incentives. Industry kingpins such as Electronic Arts, Gameloft, TurboSquid and Dukky have applied these unique benefits, finding success in Louisiana.
Companies Have Access To Skilled Software Development Talent
Technology companies in Louisiana have ready access to a skilled workforce that includes over 22,500 informational technology professionals. The industry also draws support from research hubs, such as the Cyber Innovation Center in Bossier City. With strong university curricula and programs, the state has graduated nearly 5,000 students in the software development field in the past five years, supplying a pipeline of talent for high-tech and software development companies.
Competitive Business Taxes Lower Production Costs
Louisiana’s low-tax environment offers business operations significant cost savings. According to a recent 50-state analysis by the Tax Foundation and KPMG: Location Matters: The State Tax Costs of Doing Business, Louisiana's tax burden ranks among the top 10 lowest in the nation for new facilities, relocations, and facility expansions for a variety of firm types, including:
- labor-intensive manufacturing
- capital-intensive manufacturing
- research and development facilities
- corporate headquarters
Louisiana’s business climate, coupled with one of the country’s most vibrant, distinct and well-preserved cultures makes the state an exciting place to live, play and work.
Industry-Leading Incentives Are Available
In 2005, the state instituted an aggressive tax incentive program for video game production and gaming. The strongest of its kind in the nation, the Digital Interactive Media and Software Development Incentive offers up to a 25 percent tax credit for qualified digital media production expenditures and up to a 35 percent tax credit for Louisiana resident labor expenditures. If the amount of tax credits exceeds the business’ state income and franchise tax liabilities, the business receives the balance as a refund.
In 2009, the incentive expanded to include development of consumer software, business and enterprise software, web-based applications, digital media and games, interactive devices and consoles, and embedded systems.