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Incentives

Richer. Faster. Smarter. Concordia rewards.

It’s a global contest with the toughest competitors. It’s a race against the clock for ROI. In today’s fast-paced global marketplace, where accelerated profitability is a must, Concordia’s strategic incentives can give your organization the bottom-line boost to start ahead and stay strong.

Utilities

From Day One your operation reaps across-the-board advantages in utilities cost and capacity as a result of municipally owned and operated electric, gas and water infrastructure, in addition to electrical service by Concordia Electric Cooperative and Entergy LA. Vidalia is the home of the first hydroelectric power generator in Louisiana and the world’s largest pre-fabricated hydroelectric facility, and now Vidalia is continuing to break new ground with the innovative Vidalia Broadband Initiative, a municipal build-out promising unprecedented speed, access and cost advantage.

Fast Start no-cost, customized training

Hailed as the “Gold Standard” of workforce training programs, Louisiana Economic Development (LED) FastStart training is appropriately named: The lack of red tape is the first welcome feature your business will discover with this comprehensive, world-class program. FastStart covers all your recruitment and screening needs as well as customized training designed and implemented to achieve performance targets that your organization sets. Technology-rich training is engaging, and all materials are copyrighted to your company. Best of all: FastStart is free to qualified industry.

Enterprise Zone

Because Concordia is a state-designated Enterprise Zone (EZ), qualified industry enjoys substantial financial advantages. Income and franchise tax credits include:

  • A one-time $2,500 job tax credit for each net new job created.
  • A 4% rebate of sales and use taxes paid on qualifying materials, machinery, furniture, and/or equipment purchased or a 1.5% refundable investment tax credit on the total capital investment, excluding tax exempted items.

Industrial Ad Valorem Tax Exemption

For qualified industry, this state incentive program allows manufacturers an abatement of up to 10 years on local property (ad valorem) taxes on new investment and annual capitalized additions related to the manufacturing site.

Quality Jobs Rebate Program

For qualified industry, rebates include:

  • A 5% or 6% cash rebate of annual gross payroll for new, direct jobs for up to 10 years.
  • A 4% sales/use tax rebate on capital expenditures or a 1.5% investment tax credit for qualified expenses.

Competitive Projects Payroll Incentive

For qualified industry, incentives include:

  • A rebate of up to 15% of new payroll of participating companies for up to 10 years.
  • A rebate of state sales and use taxes on capital expenditures or a 1.5% project facility expense rebate.
  • Generous incentive pricing at two municipally-owned industrial parks, the Vidalia Industrial Park and the Ferriday Industrial Park.

For more information regarding State Incentives, click here.

news

Chamber Hears Goals for Economic Partnership

Aug 10, 2016

Vidalia, LA -- Economic development was the topic of conversation at the Concordia Chamber of Commerce’s monthly luncheon Tuesday with past accomplishments and future goals…...
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Kennedy, State’s Rights and Vidalia

Jul 22, 2015

For the past several weeks, State Treasurer John Kennedy, chairman of the state Bond Commission, has used his authority as commission chairman to block Vidalia’s…...
Read More
CONCORDIA ECONOMIC DEVELOPMENT
Post Office Box 612, Vidalia, LA 71373 | 318.336.3635 voice | 318.336.8228 fax