https://www.americancityandcounty.com/wp-content/themes/acc_child/assets/images/logo/footer-logo.png
  • Home
  • Co-op Solutions
  • Hybrid Work
  • Commentaries
  • News
  • In-Depth
  • Multimedia
    • Back
    • Podcast
    • Latest videos
    • Product Guides
  • Resources & Events
    • Back
    • Resources
    • Webinars
    • White Papers
    • IWCE 2022
    • How to Contribute
    • Municipal Cost Index – Archive
    • Equipment Watch Page
    • American City & County Awards
  • About Us
    • Back
    • About Us
    • Contact Us
    • Advertise
    • Cookie Policy
    • Privacy Statement
    • Terms of Service
American City and County
  • NEWSLETTER
  • Home
  • Co-op Solutions
  • Hybrid Work
  • Commentaries
  • News
  • In-Depth
  • Multimedia
    • Back
    • Podcasts
    • Latest videos
    • Product Guides
  • Resources/Events
    • Back
    • Webinars
    • White Papers/eBooks
    • IWCE 2022
    • How to Contribute
    • American City & County Awards
    • Municipal Cost Index
    • Equipment Watch Page
  • About Us
    • Back
    • About Us
    • Contact Us
    • Advertise
    • Cookie Policy
    • Privacy Stament
    • Terms of Service
  • newsletter
  • Administration
  • Economy & Finance
  • Procurement
  • Public Safety
  • Public Works & Utilities
  • Smart Cities & Technology
  • Magazine
acc.com

Economy


Louisiana looks to tech for economic development

Louisiana looks to tech for economic development

Louisiana has enhanced its Digital Media Tax Credit program and extended its Technology Commercialization Tax Credit program to attract more media and research companies.
  • Written by American City & County Administrator
  • 12th July 2011

If you own a high-tech company, Louisiana wants you to help its economic development. To prove it, the state has enhanced its Digital Media Tax Credit program and extended its Technology Commercialization Tax Credit program to attract more media and research companies.

Senate Bill 123 enhances the Digital Media tax credit program, which offers tax credits of 25 percent on qualified interactive software production in entertainment, healthcare, engineering and other sectors, by offering a refundable, rather than a transferable credit. The change is intended to allow participating companies to receive a significantly larger benefit from the program without extra cost to the state for a given project.

Senate Bill 134 extends the Technology Commercialization bill another six years through 2017. The Technology Commercialization program offers tax credits of 40 percent on up to $250,000 a year in research tied to Louisiana higher education campuses. Those research companies also may apply for a 6 percent payroll rebate on qualified jobs. “The Digital Media Tax Credit and Technology Commercialization Tax Credit programs illustrate how powerful incentives can be in generating new investment and job opportunities our Louisiana businesses and people,” Gov. Bobby Jindal said in a statement. “These programs have the potential to expand reach in innovative fields that have already rapidly grown in just the past couple of years. These tax incentives will help create job opportunities for our children right here in Louisiana so they don’t have to leave home to pursue their dreams.”

The Digital Media tax credit program already has attracted major technology companies, such as Electronic Arts, to Louisiana, and they are creating more than 1,000 new jobs in the state, according to Jindal’s office. Additionally, the program has helped to cultivate younger, high-growth companies.

Read more about Louisiana’s Digital Interactive Media & Software tax credit.

Related Stories

  • Cities and states get their game on
  • Earthlink restructuring includes new model for municipal Wi-Fi
Tags: Administration Economy Smart Cities & Technology

Most Recent


  • These 10 American cities are well prepared for a tech-based future
    From smart devices to electric vehicles, the success of technological advancements rely on municipal grids and infrastructure. Some cities are better equipped for the future than others. A new analysis from the tech company ProptechOS ranks the top 10 American cities best positioned for a “smart city future.” “But new technologies can only support us […]
  • public health
    How public health can build a “one health” infrastructure for the future
    Public health challenges—like antibiotic resistance, vector-borne disease and a global pandemic—have eluded traditional public health tools and frameworks. As a result, public health leaders focus more and more on the intersection between the environment and human health. Searching for a better framework to understand emerging threats to human health, many in public health circles have […]
  • Report: With increasing popularity of e-bikes and e-scooters, there's a need for 'safe and connected infrastructure'
    Electric scooters and e-bikes are rising in popularity. As transportation options diversify, local policymakers are beginning to integrate micromobility means as integral fixtures in transportation networks and climate action plans, given their health and climate benefits. But along with solutions, they’re also bringing with them a slew of hurdles. A report out of Oregon highlights […]
  • Phoenix
    Federal funds help fast-growing Arizona city address several infrastructure challenges and needs
    Joe Giudice, public works director for the city of Phoenix, says the influx of new residents is driving a lot of construction in his community. “Phoenix is the fifth largest city in the United States. It is one of the fastest growing cities in a fast-growing region, which influences infrastructure product and service demand. This […]

Leave a comment Cancel reply

-or-

Log in with your American City and County account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

Related Content

  • Prioritizing rapid restore leads to stronger ransomware attack recovery
  • Rethinking the ways cities can invest in vital neighborhoods
  • How to innovate and invest on a budget in state and local IT services
  • Treasury Department launches Coronavirus State and Local Fiscal Recovery Funds to deliver $350 billion in funding

White papers


Modernizing government services for today’s resident expectations

24th January 2023

Preparing Your Community Now for the Next Generation of Older Adults

18th October 2022

Helping Government Fleets Achieve Their Goals

30th September 2022
view all

Webinars


How To: Evaluate Digital Government Service Delivery Technologies

23rd January 2023

Using Technology to Enhance Communications

29th November 2022

Learn the benefits of transforming and automating your Contract Management process

4th November 2022
view all

PODCAST


Young Leaders Episode 4 – Cyril Jefferson – City Councilman, High Point, North Carolina

13th October 2020

Young Leaders Episode 3 – Shannon Hardin – City Council President, Columbus, Ohio

27th July 2020

Young Leaders Episode 2 – Christian Williams – Development Services Planner, Goodyear, Ariz.

1st July 2020
view all

GALLERIES


These 10 American cities are well prepared for a tech-based future

1st February 2023

Report: While remote work is causing offices to empty out, walkable cities are still in high demand

26th January 2023

10 American cities with a great downtown

24th January 2023
view all

Twitter


AmerCityCounty

These 10 American cities are well prepared for a tech-based future dlvr.it/Shp7sH

1st February 2023
AmerCityCounty

How public health can build a “one health” infrastructure for the future dlvr.it/ShnlKm

1st February 2023
AmerCityCounty

Four Steps to Better Municipal Fleet Fuel Purchasing dlvr.it/ShnbWP

1st February 2023
AmerCityCounty

Report: With increase popularity of e-bikes and e-scooters, there’s a need for ‘safe and connected infrastructure’ dlvr.it/ShlKmJ

31st January 2023
AmerCityCounty

New York mayor announces city-wide curbside composting program, impacting 8.5 million residents by 2024 dlvr.it/ShhRk1

30th January 2023
AmerCityCounty

Federal funds help fast-growing Arizona city address several infrastructure challenges and needs dlvr.it/ShhBtf

30th January 2023
AmerCityCounty

How 5G is making cities safer, smarter, and more efficient dlvr.it/ShYNcx

27th January 2023
AmerCityCounty

Shifting city demographics present an opportunity to build coalitions, address inequality dlvr.it/ShYMMm

27th January 2023

Newsletters

Sign up for American City & County’s newsletters to receive regular news and information updates about local governments.

Resale Insights Dashboard

The Resale Insights Dashboard provides model-level data for the entire used equipment market to help you save time and money.

Municipal Cost Index

Updated monthly since 1978, our exclusive Municipal Cost Index shows the effects of inflation on the cost of providing municipal services

Media Kit and Advertising

Want to reach our digital audience? Learn more here.

DISCOVER MORE FROM INFORMA TECH

  • IWCE’s Urgent Communications
  • IWCE Expo

WORKING WITH US

  • About Us
  • Contact Us

FOLLOW American City and County ON SOCIAL

  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookie Policy
  • Terms
Copyright © 2023 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.