Incentives

Chennault International Airport, the City of Lake Charles, Calcasieu Parish, and the State of Louisiana all offer a broad range of incentives to businesses looking to relocate or expand their operations. With this combination of economic and financial incentives, transportation options, and development opportunities, Chennault offers an enticing wealth of business services.

Chennault’s business climate, adjacent Interstate highway system, nearby rail service and deep-water port will provide your business with strategic business advantages. The broad range of incentives including tax abatements, rent abatements, and Foreign Trade Zone status are only a few of the superior and valuable benefits.

Visit Chennault International Airport and discover the economic and industrial development programs and incentives available.

ENTERPRISE ZONES
This program, which targets areas with high unemployment, low income, or a high percentage of residents receiving some form of public assistance, provides state income and franchise tax credits to businesses that increase employment by 10 percent with 12 months, or that create at least five new jobs within the first two years.

INDUSTRIAL TAX EXEMPTION (ITE)
This incentive provides property tax abatement for up to 10 years on new investments and capitalized additions related to the manufacturing process. This applies to improvements to the land, buildings, machinery, equipment and all property that may be part of the manufacturing process. ITE is available to all manufacturers new to the state, as well as new investments and additions to existing facilities within the state of Louisiana.

RESEARCH & DEVELOPMENT TAX CREDIT
This provision of this tax credit is meant to encourage existing businesses to either establish or continue research and development activities within the state.

TECHNOLOGY COMMERCIALIZATION & JOBS PROGRAM
This program provides credits qualifying individuals or companies that invest in the commercialization of Louisiana technology and create new jobs. This credit is granted on any income or corporation franchise tax liability, and a refundable tax credit can be earned based on new jobs created.

RESTORATION TAX ABATEMENT (RTA)
The RTA program provides five year property tax abatement to those looking to expand, restore, improve or develop existing structures in Downtown Development Districts, Economic Development Districts, or Historic Districts. Both commercial and residential properties are eligible for the abatement. Properties included on the National Register of Historic Places are also eligible.

INDUSTRY ASSISTANCE
This incentive provides property tax abatement for up to ten years on new investments and capitalized additions related to the manufacturing process.
This incentive provides a tax exemption to Louisiana manufacturers who are able to demonstrate that the tax exemption, in addition to the manufacturer’s current and projected operating business plan, will help the company to maintain current employment and significant investment in the state of Louisiana.

TAX EQUALIZATION
This program provides credits qualifying individuals or companies that invest in the commercialization of Louisiana technology and create new jobs. This credit is granted on any income or corporation franchise tax liability, and a refundable tax credit can be earned based on new jobs created.

For additional incentives, contact us at (337) 491-9961.