The TBDC Incentives page connects entrepreneurs to tax credits and a number of other programs and resources that are of value to business owners. Benefits include opportunities to save money and financial assistance for small businesses, among other monetary gains.
STATE INCENTIVES FOR TECHNOLOGY BUSINESSES
- Small Business Innovation Research (SBIR) Tax Credit – part of Research and Development Tax Credit – The SBIR Tax Credit is included as part of the Research and Development Tax Credit which encourages the development and growth of Research & Development activities within the state.
- Research and Development Tax Credit (and SBIR) – The R & D Tax Credit encourages Louisiana businesses to establish and sustain research and development activities within the state.
- Phase Zero Program – The Phase Zero Program provides funds to help with activities that improve the quality of SBIR/STTR applications being submitted by Louisiana’s small businesses.
- Digital Interactive Media Producer Credit – The Digital Interactive Media Producer Credit promotes private investment in digital interactive media developed in Louisiana in order to foster growth of this industry in Louisiana.
- Technology Commercialization Tax Credit and Jobs Program – The Technology Commercialization Tax Credit and Jobs Program encourages investment in the commercialization costs of technology developed by Louisiana colleges, technical schools and universities as well as the creation of technology-related jobs.
UNITED STATES DEPARTMENT OF AGRICULTURE ENERGY INCENTIVES
Renewable Energy for America Program (REAP) - This program offers grants, guaranteed loans, and a combination of the two for helping agricultural producers and rural small businesses purchase and install renewable energy systems or make energy efficiency improvements.
- REAP Energy Audit and Renewable Energy Development Assist (REAP/EA/EDA) - Offers grants to conduct energy audits and assist in renewable energy development.
- REAP/Feasibility Grants - Offers grants to conduct energy audits and assist in renewable energy development, and it includes funds for conducting feasibility studies for a renewable energy system.
- REAP Guaranteed Loan Program (REAP LOAN) - Seeks to bolster the commercial financing of development of renewable energy and energy efficiency projects. Project directors could work with local vendors, who can apply to the USDA Rural Development for a loan guarantee of up to 85% of the loan.
- REAP Renewable Energy Systems/ Energy Efficiency Improvement Program (REAP/RES/EEI) - Offers grants to conduct energy audits and assist in renewable energy development, and it provides funds for agricultural producers and rural small businesses to purchase and install renewable energy systems or make energy efficiency improvements.