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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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Nucor Direct Reduced Iron Plant Completed In St. James Parish, LA

Buisness Facilities Contributed Content

Nucor has created 140 new direct jobs to date and will reach its target of 150 jobs well in advance of the company’s year-end 2014 commitment to the State of Louisiana. By the end of 2015, the company will inform Louisiana officials of its intent to complete the remaining four phases. James Parish'

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State by State Incentives Guide

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Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The tax for existing entities accrues as of Jan. The rates range from $.25

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FEATURE STORY: 2014 Economic Development Awards

Buisness Facilities Contributed Content

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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2012 Business Facilities Rankings Report

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Rick Scott has eliminated hundreds of regulations he says are impeding business expansions and new facilities in the Sunshine State; and Louisiana, which has married an unrivaled workforce training program with a bevy of new incentives that are spurring hot new growth sectors, including digital media.

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FEATURE STORY: 2013 Economic Development Deal of the Year Awards

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The Arizona team worked closely with Maricopa County’s air-quality department to obtain the required permits for Apple. Mesa also processed the required permits expeditiously. Projects: IBM Tech Center (Louisiana Economic Development), Pinewood Atlanta Studios (Fayette County Development Auth.), Honorable Mentions.

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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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