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Global Growth Surge in Southwest Louisiana

Business Facilities

While standing next to each other during a press conference, Louisiana Governor John Bel Edwards and Lotte CEO Soon Hyo “Steve” Chung told a group of onlookers that the company would establish its headquarters in Lake Charles (relocating from Houston). By the BF Staff. From the July/August 2017 Issue. Photo: SWLA). Edwards said. “We

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FEATURE STORY: 2013 Economic Development Deal of the Year Awards

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Projects: IBM Tech Center (Louisiana Economic Development), Pinewood Atlanta Studios (Fayette County Development Auth.), The company will help strengthen our competitiveness for talent, help diversify our region’s economy, and work in a close relationship with our key partner, Louisiana State University.”. Honorable Mentions.

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FEATURE STORY: 2014 Economic Development Awards

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Businesses will be able to locate in these zones and operate 100 percent tax-free for 10 years (no income, business, sales or property taxes and no franchise fees). The Louisiana Supreme Court ruled in favor of the city in 2007, beating back legal challenges from private service providers who tried to block the project.

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State by State Incentives Guide

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The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. 25 to $1.75

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STATE INCENTIVES GUIDE

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INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

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FEATURE STORY: 2013 Economic Development Awards

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Highlights include the largest industrial spec development lease in the last five years in Broward County. Over $100 million in investments are expected to be made by concerns adjacent to the arena, which could generate over 1,000 new jobs, new retail and significant quality of life enhancements. The company $7.2-million

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Cover Story: New Energy Powers Growth

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Natural gas also is lifting the state economy in Louisiana. 3 natural gas producer (including offshore production), Louisiana is uniquely poised to create significant next-generation energy growth. With 32 ports statewide, Louisiana offers six deep-draft ports capable of transferring large quantities of cargo, is one of only two U.S.