Incentives

Enterprise Zone

The Enterprise Zone (EZ) Program is a JOBS incentive program that provides Louisiana Income and Franchise tax credits to a business hiring a minimum number of net new employees.

• Requires an Advance Notification form.
• Must increase employment by 10% within the first 12 months;
• Or, add at least 5 new jobs in the first two years.

Industrial Tax Exemption Program

The Industrial Tax Exemption Program is Louisiana's original incentive program for capital investments available exclusively to manufacturers.

• Special circumstances may require a Advance Notification form
• Applies to capital investments for new or existing Louisiana manufacturers only.

Organic Fuels Raceland Biorefinery Project

Project of Raceland Raw Sugar Corp. integrated production of ethanol and power from biomass and molasses from sugarcane.

• Project beginning date: July, 1 2007 and ending date: December 31, 2009
• Estimated investment costs of$162.3 MM
• Estimated number of jobs: 55 new and 300 for construction.