Page 60 - FDI Alliance International Magazine. Winter 2020 Digital Interactive Issue.

GOVERNOR WELCOME TO

JOHN BEL EDWARDS LOUISIANA

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

60. FDI ALLIANCE INTERNATIONAL