The Louisiana legislature acted in the last special session of 2024 to sunset some of the more widely used programs that LED offers such as Enterprise Zone, Quality Jobs, and Retention and Modernization. The department will still be accepting Advance Notifications for these programs through TODAY, June 30th. If you do not currently have an Advance Notification on file with LED, then you will not be eligible to pursue these programs without filing an Advance Notification before the sunset date above.
If you have projects and investments being considered in Louisiana and would like to file an Advance Notification for one of these programs, then please let us know.
In the current fiscal session, LED proposed a suite of new incentives including: a High Impact Jobs (HIP) program and the Site Infrastructure Investment Fund. Attached is our comparison of the existing programs that are sunsetting and the new programs being proposed. We are happy to discuss or assist in any way we can with navigating the new programs.
The legislation for the new suite of programs was intentionally high-level so the details could be established in the rule-making process. This approach has the added benefit of allowing future changes to be made by amending the rules rather than the legislation. We currently expect the emergency rules for the HIP to be published on July 1, 2025, with a formal rule-making process to begin shortly afterward. The application should also be ready by this time. Additionally, the other programs should have a similar process that we expect to begin later this summer.
If you are interested in getting an Advance Notification filed, please send an email to info@advantous.com as soon as possible and we will have someone from our team reach out to you.
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