"Low business costs in and around Monroe gives this area a definite advantage for businesses locating here. The City of Monroe has taken a proactive stance in making the business environment even better."

Businesses can also benefit from lucrative tax incentive offered by both the federal government and the State of Louisiana. The Renewal Community is a federal designation that makes a weath of incentives available to businesses located within its boundaries. Employee credits, accelerated depreciation and a 0% capital grains rate are but a few of the available benefits.

The State of Louisiana also offers benefits to Louisiana companies and companies considering relocation here. The Quality Jobs, Enterprise Zone and Industrial Tax Exemption are but a few of the available incentives.

A number of these incentives require the submission of an Advanced Notification form prior to any construction, renovation, purchasing or hiring. Failure to submit this form may disqualify you from taking advantage of the program.

Louisiana Economic Development requires companies to file an Advance Notification, along with the appropriate fee, before any hiring, purchasing or construction begins on a project. When a company provides Advance Notification, it is communicating to LED that it intends to take advantage of an incentive(s). The Advance Notification must be submitted for the following incentives:

• Enterprise Zone
• Quality Jobs
• Restoration Tax Abatement
• Industrial Tax Exemption

Advance Notification should be filled out online through FastLane.

Online Application

LED incentives available for online application through FastLane include:

• Enterprise Zone
• Industrial Tax Exemption
• Quality Jobs
• Restoration Tax Abatement

To apply for other incentives, printable PDF applications and instructions are available for applicants. Visit the Incentives Finder for more information.