This program encourages investment in urban and rural low-income areas to help finance economic development projects, stimulate economic growth and create jobs. The program offers the following benefits:
- Equity investments in low to moderate income areas may qualify for a 39% federal tax credit available through a federal allocation for the Louisiana Gulf Opportunity Zone.
- Qualifying projects may leverage the federal program through an additional 25% state tax credit.
- The federal and state tax credits may be utilized as equity for debt.
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