The mission of the Louisiana Economic Development (LED) is to cultivate jobs and economic opportunity for the people of Louisiana, through improving state and communities competitiveness, identify and cultivate top economic development assets in each region of our state, business retention and expansion, cultivate innovation, entrepreneurship, and small business, and develop robust workforce solutions, among others. LED manages a diversity of tax credits and incentives programs to accomplish this mission.
Louisiana Business Incentives
Expanding? Relocating? Starting up? Louisiana's tax credits and incentive programs can give your company a competitive edge.
Industrial Tax Exemption (ITE)
With local approval, the program provides up to a 100% property tax abatement for an initial term of up to five years and the option to renew for up to three additional years at up to 80% property tax abatement on a manufacturer’s qualifying capital investment related to the manufacturing process.
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.