This program provides credit for companies that invest in the commercialization of Louisiana technology and the creation of new jobs. The technology must be create by a Louisiana business and researched by a Louisiana university or college. Benefits of the program include:
- Qualifying individuals or businesses that invest in the commercialization of Louisiana technology in Louisiana may be granted a refundable tax credit on any income or corporate franchise tax liability and earn a refundable tax credit based on the new jobs created.
- Qualifying research centers that develop Louisiana technology to be commercialized may be granted a refundable tax credit based on the new jobs created.
- These credits are granted for a period of no less than five (5) years.
- For further details on these statewide incentive programs please visit the Web Site of the Louisiana Department of Economic Development at www.ledlouisiana.com.
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