Nexus Louisiana Tech Park

Incentives

 

Incentives

Nexus Louisiana Technology Park provides a variety of resources to help your business succeed.

Grants, business tools, business plan outlines, access to mentors, important links—it’s all here at the Tech Park web site to help pave your way to success.

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.

  • 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.

  • The Research and Development Tax Credit provides up to a 40% tax credit, to existing businesses with operating facilities in Louisiana to establish or continue research and develop in the state.

  • The Digital Interactive Media and Software Development Incentive provides a 35% tax credit for in-state labor, coupled with a 25% credit for eligible production.

  • The Angel Investor Tax Credit provides up to a 35% tax credit for individual investors who invest in early-stage, wealth creating businesses that seek start-up and expansion capital.

  • The Quality Jobs (QJ) program provides 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.

  • The Technology Commercialization Tax Credit provides 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.

For more information about what the NexusLA Tech Park has to offer its members, click here.