For general information regarding economic incentive programs click on the name below for a brief overview. For additional information on these programs contact BRNEDD at email@example.com or (225) 681-3618.
This program is to help innovative digital media and software development companies gain a competitive edge. It provides a 25% tax credit on qualified payroll for in-state labor and 18% for qualified production expenditures.
This program is a jobs incentive program that provides state income and franchise tax credits to existing and new businesses hiring residents from enterprise zones as defined in these areas.
This program provides a 20% federal income tax credit and is available for the rehabilitation of historic, income-producing buildings that are ‘certified historic structures’ as defined by the National Park Service. This program is administered by the Division of Historic Preservation.
This program provides federal tax incentives to investors to make investments in distressed communities which promotes economic development through fostering successful business in these communities.
This program provides a 100% property tax abatement for up to 10 years for the rehabilitation of an existing commercial structure and owner-occupied residences.
Tax Increment Financing is a project specific program wherein the new or incremental taxes are set aside to help finance a project or public improvements. The City/Parish administration should be consulted prior to use of a TIF.
In addition to the listed incentives, the Baton Rouge North Economic Development District is working currently with its strategic partners to craft new incentives that are catered to North Baton Rouge. Stayed tuned to this website and our social media links regarding these potential new incentives.