State and local programs available to new or expanding businesses in Lafayette Parish
Lafayette, LA has a business-friendly environment, where leaders work together to ensure the success and prosperity of our community and our business base. There are several resources available in Louisiana that can give businesses that operate here an advantage.
Louisiana offers competitive tax incentives to businesses who are creating jobs and driving innovation.
Up to a 25 percent tax credit for individual investors who invest in early stage, wealth-creating businesses that seek start-up and expansion capital.
A 25 percent tax credit for in-state labor, and an 18 percent credit for eligible production expenditures.
Provides a federal tax incentive for investors to re-invest their capital gains into Opportunity Funds.
Up to a 40 percent tax credit on eligible in-state production expenditures, including resident and non-resident labor.
Louisiana’s High Impact Jobs Program (HIP) offers qualifying companies grants for the creation of new jobs that pay above the parish (county) average wage. Companies of all sizes can benefit from grants administered directly from Louisiana Economic Development, with higher wages yielding higher grants.
80% property tax abatement for up to 10 years on a manufacturer's new investment and annual capitalized additions.
The nation's No. 1 workforce training program, FastStart creates customized employee recruiting, screening and training solutions — at no cost to eligible companies.
A tax credit up to 30 percent to existing businesses with operating facilities in Louisiana to establish or continue research and development within the state.
A 100 percent property tax abatement for up to 10 years for the rehabilitation of an existing structure.
Provides access to quality bid, payment and performance bonds at reasonable rates from surety companies when bonding capacity is needed on public or private jobs.
Peer groups that give executives the opportunity to discuss business practices and management strategies with other executives who deal with similar growth challenges.
Certification program offers greater access to purchasing and contracting opportunities at the state government level.
Offers seminars and courses to small and emerging construction businesses that assist in building a solid foundation of knowledge within the construction industry.
The program will allow for a veteran, active or reserve military, or Gold Star spouse who have a fifty-one percent ownership in a business to apply for and gain certification to recognize and promote their businesses. In addition, the program will create a searchable database for anyone seeking to patronize a veteran, active-duty or reserve military, or Gold Star spouse business.
Provides for developmental assistance, including entrepreneurial training, marketing, computer skills, accounting, legal and industry-specific assistance.
Provides loan guarantees to banks and other small business lenders in association with the SSBCI ranging from $5,000 to $1.5 million.
Provides financial awards to state and territory governments to assist small businesses with export development.
Helps veteran-owned and service-connected disabled veteran-owned small businesses gain greater access to purchasing and contracting opportunities at the state level.
