Arcadia is located in an Enterprise Zone
and is a Renewal Community.
Tax credits and sales and use tax refunds if 35% of new employees come from one of four targeted groups.
A five year property tax exemption renewable for additional five years on capitalized purchases for new and expanding manufacturers.
An annual rebate for up to ten years of 5% of gross annual payroll for certain wage rates under certain conditions and a rebate of state sales/use tax on materials for building, machinery, and equipment purchased during the construction period.
There is a 100% credit against state corporate income and franchise in the amount of local inventory tax that manufacturers and distributors pay.
Work opportunity credit up to $2,400 for certain employees.
A Commercial Revitalization Deduction which allows businesses to deduct a portion of the cost of construction or rehabilitation of commercial property over a shorter period of time.
You can take an additional $35,000 of the cost of new equipment in the year it is put into service.
Welfare work credit up to $3500 for the first year and $5,000 for the second year for certain employees.
A wage credit of up to $1500 or 15 of salary up to $10,000 for certain employees.
An exemption from property taxes on goods moving through Louisiana if final destination is outside state.
For more detailed information on eligibility,
application procedures, and job certification contact:Louisiana Economic Development, Business Incentive Services,
P. O. Box 94185, Baton Rouge, Louisiana 70802Phone: 225-342-9228
Fax: 225-342-0142
Or on the web:
http://www.led.louisiana.gov