Bold Business Incentives for Process Industries
Louisiana’s highly competitive incentives offer both new and existing process industry operations significant advantages. Louisiana’s wide selection of programs can be combined to create robust, flexible, customized incentives packages for companies. In particular:
- 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.
- The Quality Jobs program 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 values business investment, and when a company moves or expands its fuel and chemical processing industry operations to the state, it can count on innovative solutions to meet the company’s specific needs. For competitive projects that involve substantial new-job creation, major investment and the majority of sales to out-of-state customers, Louisiana has the ability to be agile and flexible — customizing incentives and workforce solutions, aligning state and local resources, connecting companies with valuable resources, and coordinating permitting and startup activities to ensure that operation proceeds smoothly and on schedule.