Tax Incentive Guide for Businesses in the Renewal Communities, Empowerment Zones and Enterprise Communities

Select your type of file, choose PDF for Adobeİ  Portable Document format or DOC for Microsoftİ Word format. The abridged versions are broken down and contain only relevant information.  The full version is direct from HUD.gov website.

 
All Rights Reserved. Northeast Louisiana Economic Alliance.

May 01, 2006 - Requested boundary expansions for RC's have been approved.  Want to know more?

Welcome to Official Louisiana Renewal Community Information. HUD re-energized this Initiative in December 2001 by designating 40 urban and rural RCs. These new designees are able to use a remarkable $22 Billion tax-incentive package to open new businesses, provide thousands of new jobs, rehab and build new housing, and change lives in urban and rural areas throughout the nation.  This federal program will, currently, run from January 1, 2002 through December 31st, 2009!  So time is ticking take advantage of this opportunity for your business.

HUD Secretary Mel Martinez underscored his enthusiasm for this innovative tax incentive package in an April 30, 2002 letter to President Bush. "The opportunity to prosper through tax incentives, and its emphasis by your Administration," wrote Secretary Martinez, "is a major shift in the paradigm of how government creates the atmosphere to stimulate economic revitalization."

The RC Initiative offers residents and businesses the opportunities and resources to overcome seemingly insurmountable problems. What have been vacant lots or abandoned buildings have been turning into new business complexes and affordable housing. Employment opportunities for residents have expanded and support services including childcare, education and healthcare have been strengthened, thus enabling residents of our nation's poorest communities to participate more fully in the workforce.

Such positive changes have been achieved as a result of the relationships formed between residents, private and public partners and the faith community, all of whom have worked hard from the grassroots level to effect positive change in their communities.

In this website you will find history on the Initiative and details on current events and best practices in the RC. There are detailed maps of our communities and links to an address locator that businesses and researchers use to determine if an address is in an RC, EZ or EC. This website also provides information on the substantial tax benefits that are available to businesses that open, expand, or hire residents of these designated areas. Also, there are descriptions of resources provided by other federal agencies to the designated communities in the fields of small business assistance, education, health care, youth services and more. Thanks again for your visit and your interest.

Site information on the Renewal Communities of North, Central, Ouachita Urban and New Orleans/Jefferson Urban.  We have a staff member actively monitoring our feedbacks, so ask your questions and they will be responded to!

Join our mailing list to stay updated on Renewal Community information and HUD training times. This information will be sent out to this mailing list when the information comes available.  We also have full maps with the Renewal Community that can be printed for you, View this area to purchase maps of the Renewal Communities.  Please enable the Security feature when entering this page.

Is your address in an RC, EZ or EC? Check the Address Locator  If the response time is slow at the Address Locater, try again later as that site is under heavy load.

FIND OUT IF YOUR BUSINESS IS WITHIN A RC

For contact information on respective agencies visit our Contact area.

Commercial Revitalization Deduction Application is now available

Northeast Louisiana Economic Alliance | 903 Louisiana Ave, Ferriday, LA  71334-2613
Post Office Drawer 746, Ferriday, LA 71334-0746

Site Support Only: website support

4 users online now. Current time is 12:30:58 AM  Date is 3/11/2010