Incentives and Taxes : Iberia Industrial Development Foundation

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Incentives/Assistance

Among the major pro-business incentives available through the Department of Economic Development are:

Industrial Tax Exemption
Enterprise Zone Program
Restoration Tax Abatement.

Other incentives administered by the Office of Commerce and Industry include:

Quality Jobs
Biomedical Research Park
University Research Parks

Incentives administered by the Department of Revenue and Taxation include:

Corporate Jobs Tax Credit
Inventory Tax Credit
Freeport Laws
Training Assistance

Other incentives of the Louisiana Department of Economic Development are applicable to small businesses: Small Business Equity Program

Economically Disadvantaged Businesses
Small Business Innovative Research Matching Grant Program
Venture Capital Co-Investment Program.

Please contact the IDF to find out how we can assist you with information on the various incentive programs available.

Louisiana Tax Rankings

You can find out further information on taxes in Louisiana by visiting the Louisiana Department of Economic Developments website by clicking here.

• Louisiana ranks 10th in imposing the lowest total tax burden (federal, state, and local taxes included) (Tax Foundation, February 2003).

• Louisiana ranks No. 4 in Bloomberg’s annual rating of the "wealth-friendly" states. The rankings are compiled by comparing taxes across the nation, including levies on salaries, real estate and personal property (Bloomberg Wealth Manager Magazine, June 2003).

• Louisiana remains in the top 10 in the prestigious Bloomberg annual tax survey, which cites assessment differences from state to state and then ranks them for their tax friendliness. (Bloomberg Personal Finance, May 2002).

• A for tax friendliness to retirees (4th nationally)

•B+ for tax friendliness to families (9th nationally)

Port Of Iberia
Look at the Port of Iberia for your industrial site needs! The port has access to the Gulf Intracoastal Waterway and the Gulf of Mexico through its own Commercial Canal and has access to the Mississippi River through major ports in Baton Rouge and New Orleans.

Click the link to visit the Port's website!

Why Choose Iberia

It may come as a surprise

but living in one of the most beautiful places in the US doesn't come at a high cost. The cost of living in Iberia Louisiana's cities and towns are at or

below the national average.