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Economic Development

The City of Gretna’s economic development activities are carried out primarily in the Mayor’s Office with support from the Jefferson Parish Economic Development Commission (JEDCO). JEDCO provides technical assistance regarding various tax incentives that are available within the City of Gretna. The incentives listed below are only the geographically based incentives available within the City. Additionally, there are many other incentives that are coordinated through JEDCO and Louisiana Economic Development (LED). You can view the City’s most recent economic profile here.

State Commercial Historic Rehabilitation Tax Credit

The 25% State Commercial Tax Credit was created in 2002 by the Louisiana Legislature to encourage the redevelopment of income-producing historic buildings in Louisiana’s Downtown Development Districts. In 2007, the enabling program legislation was amended to allow historic buildings located in certified Cultural Districts to be program-eligible.

The 25% State Commercial Tax Credit Program is jointly administered by the Louisiana Division of Historic Preservation and the Louisiana Department of Revenue. The Louisiana Division of Historic Preservation acts as an applicant’s first point of contact and reviews applications for compliance with the Secretary of the Interior’s Standards for Rehabilitation; the Louisiana Department of Revenue reviews project costs. The credit is available for those income-producing buildings that are contributing elements to Downtown Development Districts or certified Cultural Districts. Rehabilitation projects must exceed $10,000 in qualified rehabilitation expenses and must be completed according to the Secretary of the Interior’s Standards for Rehabilitation. Once earned, credits are fully transferable and may be carried forward for up to five years.

The State Commercial Tax Credit program sunsets December 31, 2021. The credit will equal 25% of eligible costs and expenses incurred through December 31, 2017; the credit will drop to 20% effective January 1, 2018, regardless of the year in which the property is placed in service.

Louisiana Lt. Governor’s Office, Division of Historic Preservation

Eligibility for the State Commercial Historic Rehabilitation Tax Credit is bound to properties within the Gretna Cultural District.

State Residential Historic Rehabilitation Tax Credit

The State Residential Tax Credit was created in 2005 by the Louisiana Legislature to encourage the redevelopment of owner-occupied historic homes in Louisiana. The credit, either 18.5% or 36%, depending on building type, is available for those qualified historic buildings located in:

  • Cultural Districts
  • National Register Districts
  • Locally Designated Historic Districts
  • Main Street Districts
  • Downtown Development Districts

Those buildings that are listed individually in the National Register of Historic Places or eligible for individual listing in the National Register may also be eligible for application to the State Residential Tax Credit Program. Please visit the Louisiana National Register website for further information on listing a building in the National Register of Historic Places.

Additionally, any building in Louisiana that is at least 50 years old and is determined to be vacant and blighted is eligible for application to the State Residential Tax Credit Program. Further information on determining whether a building is vacant and blighted may be found in the State Residential Tax Credit Program Guidelines.

The State Residential Tax Credit Program is jointly administered by the Louisiana Division of Historic Preservation and the Louisiana Department of Revenue. The Louisiana Division of Historic Preservation acts as an applicant’s first point of contact and reviews applications for compliance with the Secretary of the Interior’s Standards for Rehabilitation; the Louisiana Department of Revenue reviews project costs. Information on costs that generally qualify can be found in the Frequently Asked Questions section. Once earned, the credit is divided evenly and awarded over a five-year period. If the home is sold or is no longer the owner’s primary residence during this period, the remaining portion of the credit is forfeited.

This program currently sunsets December 31, 2017.

Louisiana Lt. Governor’s Office, Division of Historic Preservation

Eligibility for the State Residential Historic Rehabilitation Tax Credit is limited to properties within the City’s National Register Historic District, locally designated historic districts and Cultural District.

Federal Historic Rehabilitation Tax Credit

The Federal 20% Historic Rehabilitation Tax Credit Program is jointly administered by the National Park Service and the Internal Revenue Service. The Louisiana Division of Historic Preservation acts as an applicant’s first point of contact when pursuing historic tax credits. The credit is available for those income-producing buildings that are individually listed in the National Register of Historic Places or are contributing elements to National Register Historic Districts. Rehabilitation projects must be substantial; that is, the qualified rehabilitation expenses must exceed the value of the historic building. All projects must be completed according to the Secretary of the Interior’s Standards for Rehabilitation, and buildings must be retained for five years to receive the full value of the credit.

Louisiana Lt. Governor’s Office, Division of Historic Preservation

Eligibility for the Federal Historic Rehabilitation Tax Credit is limited to properties within the City’s National Register Historic District.

Stacking Federal and State Historic Rehabilitation Tax Credits

Some projects in the overlapping districts linked above, may be eligible to stack Federal and State projects, significantly changing the investment viability of a project. In the City of Gretna, projects located within both the a) National Register Historic District and b) Cultural District or locally designated historic district may eligible.

Lt. Governor’s Office, Division of Historic Preservation

Restoration Tax Abatement Program

Commercial property owners and homeowners who substantially expand, restore or improve an existing structure located in a qualifying district, i.e. Economic Development District, Historic District or a structure registered as a Historic Place, may be eligible for a five-year deferred assessment of the ad valorem property taxes on the improvements. Jefferson Parish has several eligible districts on the east and west banks.

Note: Requires submittal of Advance Notification and a $250 non-refundable fee to Louisiana Economic Development. The Advance Notification can be submitted electronically via the Louisiana Economic Development’s FastLane website

• Eligibility

The Restoration Tax Abatement (RTA) program is an economic development incentive created for use by municipalities and local governments to encourage the expansion, restoration, improvement and development of existing commercial structures and owner-occupied residences in Downtown Development Districts, Economic Development Districts or Historic Districts.
The RTA program does not exempt the acquisition cost of the structure. In addition, only equipment that becomes an integral part of that structure can qualify for this exemption (not machinery and equipment used in the business, i.e. retail gondolas or movable property such as furniture and fixtures, etc.) Note: an Enterprise Zone or Economic Development Zone is not a qualifying district. Please contact JEDCO to determine if your property is within a qualifying district at 504.875.3920.

In addition to the state’s RTA eligibility requirements, JEDCO and Jefferson Parish require the applicant to submit sufficient documentation to show that the renovation will be substantial. Projects for the purpose of reconditioning, refurbishing or repairing are not considered eligible.

• Benefits

The program grants a five-year deferred assessment of the ad valorem property taxes normally assessed on renovations and improvements. Commercial property owners and homeowners who expand, restore, improve or develop an existing structure in a qualifying district, after completion of the work, pay ad valorem taxes based on the assessed valuation of the property prior to the commencement of the improvements. The tax abatement is not available if property taxes have been paid on the improvements made by the project. If the property is sold, the contract may be transferred, subject to local government and board approval. Contracts may be renewed for an additional five years if approved by the local governing authority.

JEDCO, Tax Incentives

Jefferson Parish Economic Development Districts
Additionally, projects located within the Historic Districts mentioned above may be eligible.

Enterprise Zone Tax Incentive Program

NOT ALL CHANGES EFFECTIVE APRIL 1, 2016 ARE REFLECTED BELOW. PLEASE CHECK AGAIN, AS UPDATES ARE ONGOING. The Enterprise Zone Program provides Louisiana income and corporate franchise tax credits to businesses creating net new permanent jobs. Fifty percent of the net new jobs created must be filled with individuals meeting one of the program’s four certification requirements. A business does not have to be in an Enterprise Zone or making capital expenditures, just creating additional jobs. To qualify, a business must create five new jobs within 2 years or increase its nationwide workforce by ten percent within one year, whichever is less. A partial sales/use tax rebate or refundable investment income tax credit may be available for construction materials, machinery and equipment purchased during the stated project period. Note: Requires submittal of Advance Notification and $250 non-refundable fee to Louisiana Economic Development. The Advance Notification can be submitted electronically on the Louisiana Economic Development’s FastLane website.

• The Facts

The Enterprise Zone program provides Louisiana income and corporate franchise tax credits to businesses creating net new permanent jobs. Fifty percent of the net new jobs created must be filled with individuals meeting one of the program’s four certification requirements. Enterprise
Zones are areas of high unemployment, low income or have a high percentage of residents receiving some form of public assistance. The Board of Commerce and Industry (Board) is the authority that approves the Enterprise Zone applications. The Office of Business Development, Business Incentives Division (BI) administers this program.

An Advance Notification Form and a $250 fee must be filed and received by the Office of Business Development, Business Incentives Division (BI) prior to starting construction, purchasing, installing equipment or hiring.

• Eligibility
  • Any business creating a minimum number of net new jobs, except those engaged in gaming, residential development, churches, restaurants, hotels, employment service agencies and retail businesses having a NAICS code beginning with 44, 45, 721, 722 and 5613 are not eligible.
  • A business must increase its nationwide workforce by ten percent (minimum of 1) within the first 12 months OR create a minimum of 5 net new jobs within the first 24 months of the project/ construction start date, whichever is less. The company’s average annual employment shall be determined by LED.
  • All jobs that generate a tax credit must be filled with a Louisiana resident except as provided for in statement below.
  • A maximum of fifty percent (50%) of jobs that qualify for the tax credit may be filled by non- residents of Louisiana provided residency is made within 60 days of hire.
  • Fifty percent (50%) of net new hires must meet at least one certification requirement (see Job Certification below).
• Job Tax Credits
  • A one-time tax credit of $3,500 per net new job if the company is located in an Enterprise Zone or if a net new employee has received public assistance within 6 months of being hired. A one-time tax credit of $1,000 is available if the business is outside an Enterprise Zone. A one-time tax credit of $5,000 is also available for certain aerospace or automobile parts manufacturers for each certified net new permanent full-time job created.
  • A certified new employee receiving Temporary Assistance for Needy Families (TANF), an additional $2,500 tax credit, may be generated in the second year of employment.
  • Tax credits are used to satisfy State Income and/or Franchise Tax obligations. Special corporations (Such as LLCs and Subchapter S) are allowed to pass the tax credits to the owners. The credits may be used in the year generated or carried forward for up to 10 years.

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Sales/Use Tax Rebate or Refundable Investment Tax Credit
For a period not exceeding 24 months, businesses are also eligible for a full state and partial local rebate of sales/use tax paid on materials, fixtures, furniture, machinery and equipment purchased and delivered during project/construction period.
-Or-
In lieu of the sales/use tax rebate, a refundable investment income tax credit equal to one and one-half percent (1-1/2%) of certain capital expenditures is available.

• Application Procedures
  • An Advance Notification Form and $250 fee must be filed with the BI prior to starting construction, purchasing, installing equipment or hiring.
  • A completed Enterprise Zone Application Form and fee must be filed with BI within three months after the completion of project/construction.
  • Copy of Louisiana Department of Revenue Sales Tax Certificate must be provided.
  • The screening committee will review the application. The Board will take action on the screening committee’s recommendation. After board approval, a contract, maximum of five years, is entered into between the board and the applicant.
  • An Inspection/Audit Affidavit Form must be submitted with a $250 fee, within six months after completion of construction or returned with the signed original contract, whichever is later.
  • The state requests businesses and their contractors receiving state tax rebates or credits to give consideration to Louisiana manufacturers, suppliers, contractors and labor for their project.
  • Other filing fees apply.
• Job Certification

Fifty percent (50%) of net new hires must meet one of the following certification requirements:

  • Residency. A qualifying employee must be a resident of an Enterprise Zone in any parish within the state of Louisiana.
  • Receiving some form of public income assistance during the six months prior to being hired, which may include WIC, FITAP, using Louisiana Workforce Commission’s job service or enrollment in a technical college.
  • Lacking basic skills. A person who is below the 9th grade proficiency in reading, writing or math.
  • Unemployable by traditional standards.
  • Program sunsets on July 1, 2017.

JEDCO, Tax Incentives

Eligible businesses must be located within the City’s Enterprise Zone.

Contact Information

504.363.1568

Matthew Martinec