The nation's No. 1 workforce training program, FastStart creates customized employee recruiting, screening and training solutions at no cost to eligible companies.
Economic Development Award Program
The purpose of the Economic Development Award Program is to assist in the financing or funding of Sponsored Projects and/or Unsponsored Projects for which financial assistance is
requested in order to promote economic development in the state and provide an incentive to influence a company's decision to locate, relocate, maintain, rebuild and/or expand its
business operations in Louisiana, and/or to increase its capital investment in Louisiana.
Industry Assistance (Exemptions for Manufacturers) Program
In order to induce industrial development, the state seeks to encourage the retention and/or expansion of existing Louisiana businesses. This program encourages the retention and
modernization of such operations by providing a procedure whereby the state taxes on such existing manufacturing businesses may be reduced in order to encourage the continued operations
of such businesses at existing levels and, where possible, to expand those operations.
Industrial Tax Equalization Program
The Industrial Tax Equalization Program equalizes the overall taxes between a Louisiana site and a competing site in another state to encourage businesses to locate or expand in
Louisiana. Eligibility includes new and expanding manufacturing establishments, headquarters, warehousing and distribution facilities. Contracts are for an initial five-year period and
can be renewed for up to five-year increments, at the discretion of the Board of Commerce and Industry.
Mega-Project Development Fund
The Mega-Project Development Fund is used for immediate funding of all or a portion of economic development mega-projects to secure the creation or retention of jobs. The Fund can be
used for projects that provide either 500 new direct jobs to the state or a minimum initial investment of $500 million and that generate a substantial return on the investment to the state
as measured by projected tax revenues.
Rapid Response Fund
The Rapid Response Fund is used for immediate funding of all or a portion of economic development projects to secure the creation or retention of jobs. The Fund can be used for both small
and large projects; whereas, the Mega-Project Development Fund is focused on large projects. The Rapid Response Fund helps position Louisiana to win business development projects on which
multiple states are competing.