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Incentives & Tax Credits
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Incentive Programs & Tax Credits
St. Mary Parish is dedicated to helping companies of all sizes start, grow, and thrive here. We offer a robust set of incentive programs and tax credits to support the development and expansion of companies in our community.
Whether you are looking to open a new location or start a new venture, we can help reduce costs and maximize opportunities for your business.
Available Incentives and Tax Credits in St. Mary Parish
Some of our many incentives and tax credits in St. Mary Parish include property tax exemptions and abatements, research and development credits, investment credits, and other programs aimed at promoting business growth, development, and investment in the parish.
We work closely with the state’s economic development and local economic alliances to help connect entrepreneurs with a wide range of incentives and tax credits for those looking to start or expand their business in St. Mary Parish. With a business-friendly environment and a focus on cultivating a skilled workforce, St. Mary Parish has the right elements in place to help your business reach its full potential. Available incentives and tax credits include:
Angel Investor Tax Credit
Louisiana has a tax credit program offering individual investors up to 25 percent as an incentive to invest capital in early-stage, wealth-creating companies or existing businesses looking to expand. Learn more about the Angel Investor Tax Credit.
Industrial Tax Exemption
Manufacturers in Louisiana can receive an abatement of property taxes for up to 10 years on new investments and annual capitalized additions. Learn more about the Industrial Tax Exemption.
Enterprise Zone
Businesses in Louisiana can receive either a $3,500 or $1,000 tax credit for every new, certified net job created. Additionally, companies can qualify for either a state sales/use tax rebate on capital expenses or a 1.5 percent investment tax credit for qualifying expenses. Learn more about Enterprise Zone.
Research and Development Tax Credit
Existing businesses with operating facilities in Louisiana can qualify for a tax credit of up to 30 percent to establish or continue research and development programs within Louisiana. Learn more about the Research and Development Tax Credit.
Ready to Elevate Your Business?
St. Mary Parish offers a wide range of incentives and tax credits to support your business growth. Connect with us today to explore your options.