QUALITY JOBS
The
Quality Jobs program provides a cash rebate to qualifying companies that create
well-paying jobs in Louisiana. Benefits include:
- A cash rebate
of 5% or 6% of annual gross payroll for new direct jobs for up to ten (10)
years.
- Allows for
rebates of state sales and use taxes on building construction or renovation
and on the purchase of materials and equipment utilized at the plant site.
- A potential
rebate of a portion of the local sales and use taxes at the discretion of
the political subdivision in which the enterprise is located.
Eligibility
Requirements:
- The enterprise
must be engaged in one of the following businesses: Advanced Materials,
Bio-Science, Environmental Technology, Food Technology, Information Technology,
Manufacturing or Oil & Gas Field Services.
---OR---
- The enterprise
must have at least 50% of its annual sales to out-of-state customers or,
to in-state customers or buyers if the product or service is to be resold
by the purchaser to an out-of-state customer or buyer or to the federal
government.
---OR---
- Must be located
in an area designated by the Louisiana Department of Economic Development
as a Distressed Region. A Distressed Region shall be either a Parish that
is among the lowest 25% of the Parishes in the state in terms of per capita
income or in a Census Tract Block Group that is below the state average
in terms of median per capita income based on the latest federal decennial
census.
Minimum
Annual Payrolls
There are minimum annual Louisiana payroll thresholds on the new jobs. For
qualifying companies with less than 50 employees at the start of the contract,
the minimum threshold is $250,000 per year. The threshold for qualifying companies
with > 50 employees is at least $500,000 per year.
Companies cannot receive both the Quality Jobs and the Enterprise Zone incentives
(see Enterprise Zones Click Here).
