Page 54 - FDI Alliance International Magazine Summer 2020 Digital Interactive Issue

GOVERNOR
GOVERNOR
JOHN BEL EDWARDS
BRIAN KEMP

STATE OF

LOUISIANA

Louisiana is known as the Pelican State and is The three major commercial ports of Louisiana agribusiness companies include Boise Inc,
located in the Southeastern United States. On include the Port of New Orleans, the Port of Lamb Weston, Georgia Pacific, Hunt Forest
the Gulf of Mexico, it is bordered by the states South Louisiana and the Port of Baton Rouge. Android O. Martin Lumber company and
of Texas, Arkansas and Mississippi. The capital The port of New Orleans has the longest Southeastern Mills Inc. Louisiana has several
city is Baton Rouge and the Governor is John wharf in the world. It is two miles long and can programs to benefit new businesses. The LED
Bel Edwards. New Orleans is the largest city in accommodate up to 15 vessels at one time. FastStart, customizes employee recruitment,
Louisiana. The Portort of South Louisiana is the largest screening, train development and train delivery
tonnage port in the Western hemisphere. This for eligible, new or expanding companies with
Known for its diversity, there are many multicultural port handles nearly 60% of the exports leaving no additional costs. The Angel Investor Tax
influences of French, Italian, Haitian, Spanish, Louisiana and about 15% of all total US Credit (AITC), gathers accredited investors to
Native American and African cultures. It’s the exports. The port of Baton Rouge is the 10th invest in small wealth creating businesses that
different cultures that bring in quite a few tourists largest port in the United States. It is located at seek startup and expansion capital.
every year. The majority of tourists flock to the the northernmost part of the Mississippi River
New Orleans area for the food and music the and is capable of handling panamax ships. The Digital Interactive Media and Software
city has to offer. Program, is a program designed for helping
Many globally-recognized aerospace companies innovative digital media and software
Ranking in the top 10 states for business climate are located in Louisiana. Such companies development companies of all sizes gain a
in the US, the low tax environment offers include Boeing, Lockheed Martin, Metro competitive edge. This plan provides a 25%
manufacturers significant cost savings. It ranks Aviation, Western Global and Northrop tax credit on qualified payroll for in-state labor
the lowest tax burden for new facilities, relocations Grumman. Many aerospace companies and 18% for qualified production expenditures.
and facility expansions for both capital-intensive benefit from such offers as the industrial tax This program does not have a cap and has
and labor-intensive manufacturing operations. exemption program. This program provides no minimum requirement. There are definitely
Company cost can be reduced because of the property tax abatement for up to 10 years on different incentive programs for different types of
states low industrial electricity rates. a manufacturer’s new investment and annual businesses. The Enterprise Zone is an incentive
capitalization edition. program that offers a maximum tax credits of
Louisiana’s infrastructure offers many strategic $1000 for each new job that is created. The
advantages. There are six different interstate Known for its agricultural growth and innovation, Small Business Loan and Guaranty Program
highways and six class 1 railroads for land use. Louisiana provides many resources for emerging provides funding assistance via loans varying
Transport by sea is available at multiple ports and expanding companies. Some agribusiness from $5,000 to $1.5 million.
across the state. For air accessibility, there and food processing industries include timber,
are seven primary airports and four airports cotton, soybeans and sugarcane. The vast Louisiana is a state that offers advantages and
across the state which offer foreign trade zone waterways account for one-third of the nation’s benefits through various programs. There is a
affiliation. seafood supply. It is responsible for 90% of very strong infrastructure and a very dedicated
the nation’s crawfish supply. Some well-known and skilled workforce.

54. FDI ALLIANCE INTERNATIONAL