News / Article

New Orleans should limit industrial tax breaks, group says

Source: nola.com - Dec 13, 2017

New Orleans City Council members were told Tuesday (Dec. 12) that they should consider adopting a process to determine whether to continue a tax break to industrial businesses.

The incentive is designed to encourage industrial businesses such as manufacturers to locate in Louisiana, bringing jobs and investment with them. But critics say it's unclear whether the tax exemptions are working, given Louisiana's persistently high poverty rate, high unemployment -- especially among black men -- and low scores for economic opportunity.

CLICK SOURCE TO READ ARTICLE

Category: General Business