Various tax and other incentives are available to companies in Hammond. Contact HED for more information about any of the programs below. Find more information on these and other programs on the Louisiana Economic Development Business Incentives page HERE.
FastStart provides customized employee recruitment, screening, training development and training delivery for eligible, new or expanding companies — all at no cost. LED FastStart® is the nation's best state workforce training program, according to Business Facilities magazine.
Enterprise Zone Program
The Enterprise Zone, or EZ program, benefit provides either a $3,500 or $1,000 tax credit for each certified net, new job created and either a state sales/use tax rebate on capital expenses or 1.5 percent investment tax credit for qualifying expenses.
Find out more information on the Louisiana Economic Development EZ program by clicking HERE.
Industrial Property Tax Exemption
A portion of property tax can be abated for up to 8 years on a manufacturer's new investment and annual capitalized additions. Requires LGA (Local Governing Authority) and state of Louisiana approval.
Find out more information on the Louisiana Economic Development industrial tax exemption by clicking HERE.
Restoration Tax Abatement
This program abates property taxes on the improvements to structures in designated historic districts, downtown districts, Economic Development Districts and certain certified historic structures for up to ten years.
Find out more information on the Louisiana Economic Development restoration tax abatement by clicking HERE.
Quality Jobs Program
This program rebates a maximum of 5% of the gross payroll of a company who meets several criteria - up to a 6 percent rebate on annual payroll expenses for up to 10 years and either a state sales/use tax rebate on capital expenses or a 1.5 percent investment tax credit for qualifying expenses. Eligibility limited to certain businesses and industry sectors (primarily manufacturing & others) and for companies with at least 50% of sales to out-of-state customers.
Incumbent Worker Training
The training program provides customized training for employees (minimum of 15) of a business or group of businesses. They offer two programs:
Business Loan Guarantees
Hammond DDD Business Assistance
The Hammond Downtown Development District offers two programs: