Utilize state tax credits to grow and offset a state tax liability
Lafayette, LA (KADN) — Lafayette Economic Development Authority and Opportunity Machine host an event teaching those in the business world how businesses can utilize state tax credits to grow and offset a state tax liability. The event provided a 360 view of how Louisiana state tax credits can benefit businesses and spur job creation.
"It's important because the state has these tremendous business incentives that are available to all our businesses in Acadiana that we don't see them taking advantage of and these incentives allow you to invest in innovation, grow jobs, increase payrolls, and its part of the important economic development tools that will add to the vibrancy of Acadiana," says Clay Allen, Managing Partner at Allen & Gooch, co-sponsored the event.
"The most interesting thing about the state of Louisiana is that it has really positioned itself to be a leader and a pro-business state, and by doing so through the creation of these very very important tax incentive programs," says Danny Bigel, Co-Founder and CEO of The Online Incentives Exchange.
Allen says whether you are a start-up firm trying to get your product off the ground, an established local business looking to expand, or an out-of-state company considering a relocation, Louisiana tax credits are a powerful economic tool to help reach your goals.