Louisiana - A State of Opportunity
Louisiana’s economic forecast is bright, despite the effects of hurricanes Katrina and Rita in 2005. With more than 200,000 homes destroyed in the Greater New Orleans area alone, Louisiana expects a 10-year construction boom in the affected areas, impacting the entire state. Businesses in affected areas are also growing. One reason: the Gulf Opportunity Zone (GO Zone) business incentive package. Features of the GO Zone include 50 percent bonus depreciation and $7.9 billion in tax-exempt bonds. more....