Monday, 26 September 2016 11:06
Stelly: Traditional Louisiana industries benefit from entertainment tax credit incentives
Written by 
Rate this item
(0 votes)

BATON ROUGE SKYHow are the tax credits being used in the more traditional industries in Louisiana such as oil and gas, agriculture and tourism? Also, Louisiana has a booming tourism industry which includes major conventions—so, how can the state take advantage of these incoming convention opportunities?  Last, how might a business executive obtain information about the programs?

In the last part of the interview with Chris Stelly, Executive director of Louisiana Entertainment, a division of LED (Louisiana Economic Development), Stephen Sabludowsky, publisher of Bayoubuzz and Stelly discussed these and other issues.

Below is a general summary of their discussions:

According to Chris Stelly, Louisiana is building an ecosystem that is attractive not only to the business but their employees.  People move their families to places where there are things to do. 

Technology tax credits are being used within the traditional industries in Louisiana. We are creating technologies for the oil and gas industry, creating software for safety measures precautions and tools to help discover natural gas reserves. 

Also, we are using credits to help the food, agriculture and tourism industries.  We want to create a landscape where we position ourselves for the future, so we're not  heavily dependent upon one industry.  

Events such as the new technology venture capital-focused show, Collision, which was held in New Orleans last spring and which is returning next year, allows us to showcase ourselves with the tax credits and our industries.  These major conventions, (whether they are Collision in New Orleans or the Louisiana International Film Festival in Baton Rouge or others throughout the state) allows us to share ideas, meet decision-makers, and for the economic development community to introduce themselves to these people and educate them about the opportunities of the tax credits and growth of culture and entertainment in Louisiana.  

These events give economic development people an opportunity to ask the business leaders to move their locations to Louisiana.  We can explain how we offer incentives that are very attractive, that we have a temperate climate year-round, a very low cost of living, a place where people can buy a bigger house, and obtain other necessities and amenities. 

If someone wants to reach Chris Stelly, they can contact his office, go to the website at LouisianaEntertainment.org.  The department will be glad to share information as to why Louisiana would be an attractive place to do business and to live. 

 

Login to post comments
  • A July 4th Fact of Facts: America is Land of Immigrants
  • Poll: Trump strong on jobs, weak on tweets, viewed as reckless, thin-skinned, sexist
  • President Trump, It doesn't feel like Independence Day
  • YIPPIE! The naked truth about free speech, cherished especially on Independence Day

mass2On July 4, 1778, George Washington doubled liquor rations for the soldiers quartered in Princeton, NJ, as a way to celebrate Independence Day. It’s fitting, therefore, that the Fourth of July is America's top-selling beer holiday, according to the Beer Institute. It estimated, in 2013, that sales of beer on the 4th could total $1 billion, doubtlessly higher today. “In moderation,” claims a CA brewery investor, Grover McKean, “beer is tasty and healthy.” Who could disagree?

Read More

joe mikaAs Donald Trump faces the top world leaders this week, including a face-time with Vladimir Putin, and as his healthcare proposals face an uphill climb, his poll numbers for how the nation views him could be better.

According to a morning Consult/Politico poll released Wednesday morning, his tweets, including that against MSNBC's Mika Brzezinski, and his personality are not helping him, at all.

Read More

indy dayII know the calendar says we are approaching the 4th of July, but, it just doesn’t feel like Independence Day.

Perhaps it should.  It’s hot as heck.  The airlines have been packed. The hot dogs are ready for grilling.  The umps are saying, "play ball". The patriotic activities are scheduled. The fireworks are ready-for-blasting. 

Yet, it just doesn’t feel like independence day.

Read More

bill rights2To President Thomas Jefferson, July 4th celebrated more than the signing of the Declaration of Independence. He thought it was a link to the future. The message prominent colonists sent to King George III led to the Constitution and the Bill of Rights, the initial and most prominent feature of which is the First Amendment that guarantees free speech. It’s part of the country’s fundamental essence that each man and woman can say what they feel about government, or anything else, proving President Donald Trump needs some civics lessons.

Read More

BB Menu

latter-blum2

Dead Pelican

Optimized-DeadPelican2 1 1