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Louisiana offers a host of lucrative and business-friendly tax incentive programs for digital media and technology firms operating in the state. Even more attractive to entrepreneurs, some of the incentive programs are stackable. The Tech Park can help guide companies through the process of getting certified for the various programs. Some of the incentives applicable to technology companies include but are not limited to the following:
The Enterprise Zone (EZ) is a jobs incentive program that provides Louisiana income and franchise tax credits to a business hiring at least 35% of net, new jobs from one of four targeted groups. Read more.
The Small Business Innovation Research (SBIR) program within the U.S. Small Business Administration (SBA) is designed to ensure that the nation's small, high-tech, innovative businesses are a significant part of the U.S. Government's research and development efforts. Read more.
Research and Development Tax Credit
A tax credit up to 40%, to existing businesses with operating facilities in Louisiana to establish or continue research and develop in the state.
Digital Interactive Media and Software Development Incentive
Provides a 35% tax credit for in-state labor, coupled with a 25% credit for eligible production.
Angel Investor Tax Credit
Up to a 35% tax credit for individual investors who invest in early-stage, wealth creating businesses that seek start-up and expansion capital.
Up to a 6% rebate on annual payroll expenses for up to 10 years and either a 4% sales/use tax rebate on capital expenses or a 1.5% investment tax credit for qualifying expenses.
Technology Commercialization Credit and Jobs Program
A 40% refundable tax credit for companies that invest in the commercialization of Louisiana technology and a 6% payroll rebate for the creation of new, direct jobs.
Couple these programs with the shared services and resources at the Tech Park, and you can reduce your cost of doing business by 50% or more! For more information on any of these incentive programs, or other programs offered by the state of Louisiana, click here.