Incentives

Local Incentives

Tax Abatement

Projects involving a significant capital investment and number of new jobs may qualify for the St. John the Baptist Parish Payment in Lieu of Tax (PILOT) program. This program can enable a company to substantially reduce its tax burden during the critical early phases of operation. Companies are eligible to take advantage of the PILOT by entering into a lease-back arrangement with St. John the Baptist Parish. A PILOT is offered as an incentive to both new and expanding companies. It can apply to industrial real property, such as the land and building, as well as personal property, such as equipment.

PILOTs are considered on a case-by-case basis and are based on an analysis of job creation, capital investment and wage rates.

Revolving Loan Fund

SJBP offers short term, low interest financing to qualified businesses that will use the funds to create or retain jobs. The program is excellent for "gap" financing. For additional information, please visit http://www.scpdc.org/wp-content/uploads/One-Page-Flyer-sans-RCF-2014-Sticky.jpg or call 985-652-9569.

Free Business Counseling

In an effort to support business development in SJBP, monthly counseling sessions through the St. John Business Training Center located at 181 Regala Park Road, Reserve, LA. These free, one-to-one and group training sessions are held on Monday, Wednesday and Friday from 10am-4pm and also by appointment. To schedule an appointment, call 985-479-1247 or email lsbdc.gnor@lsbdc.org.


Louisiana Economic Development

These programs are administered by Louisiana Economic Development through the Louisiana Economic Development Corporation. For additional information on these programs, please contact LEDC at 225-342-5675.

Economic Gardening Initiative

Provides customized core business strategies, market research, qualified sales leads and improved internet and technology tailored to your growing needs.

Hudson Initiative

Certification program offers greater access to purchasing and contracting opportunities at the state government level.

Small & Emerging Business Development Program

Provides for developmental assistance, including entrepreneurial training, marketing, computer skills, accounting, legal and industry-specific assistance.

Small Business & Loan Guaranty Program

Provides loan guarantees to banks and other small business lenders in association with the SSBCI ranging from $5,000 to $1.5 million.

Veteran Initiative

Helps veteran-owned and service-connected disabled veteran-owned small businesses gain greater access to purchasing and contracting opportunities at the state level.

Enterprise Zone

A $2,500 tax credit for each certified net, new job created and either a 4 percent sales/use tax rebate on capital expenses or 1.5 percent refund on capital investment.

Quality Jobs

Up to 6 percent rebate on annual payroll expenses for up to 10 years and either a 4 percent sales/use tax rebate on capital expenses or a 1.5 percent investment tax credit for qualifying expenses.