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Developer Calls ‘Action’ On New Film Studio

Source: myneworleans.com - Feb 5, 2018

In its long-running competition with other states to attract new business and high-quality employment, Louisiana has used many types of job “bait.” Louisiana taxpayers have invested hundreds of millions of dollars into business tax breaks, worker training and cash grants to encourage companies to create jobs in the state.

Through the years, though, a big question about the businesses that expanded or relocated into Louisiana often went unanswered: How many companies that chose to do business in Louisiana might have done so even if the state had not offered them incentives?

In the case of Louisiana’s tax credit program for the film and entertainment industry, an answer did become clear. The generous tax incentives, which the Legislature created in 2002, helped make Louisiana a hub for movie making almost overnight.

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Category: General Business