Main Local Economy Information in Louisiana
Louisiana's economy is heavily influenced by the oil and gas industry, as well as maritime trade, agriculture, and tourism. The state is also known for its vibrant cultural economy, including music, cuisine, and Mardi Gras festivities.
Your Louisiana and Local Small Business Funding Guide
Louisiana provides a range of financial incentives, including tax exemptions, redevelopment credits for historic preservation, and grants for energy sector businesses.
Small Businesses in Louisiana
Small businesses in Louisiana can tap into the thriving tourism market and the extensive oil and gas infrastructure. The state's unique cultural scene also offers numerous opportunities for entertainment and hospitality businesses.
Documents Needed to Get a Small Business Loan in Louisiana
- A detailed and comprehensive business plan
- Financial statements including income, cash flow, and balance sheets
- Personal and business tax returns
- Proof of business registration in Louisiana
- Credit reports for the business and key owners
Louisiana Department of Commerce: Key Functions and Contact Information
Website URL: Louisiana Economic Development
Phone: [225-342-3000]
Address: 617 North Third Street, Baton Rouge, LA 70802
Local Resources in Louisiana
The Louisiana Small Business Development Center (LSBDC) offers personalized business consulting and assistance with financial planning and market research.
How to be Successful with Business Funding in Louisiana
Engage actively with local economic development initiatives, especially those focusing on tourism and the oil and gas sectors. Businesses that contribute to economic diversification and sustainability are more likely to succeed in obtaining funding.
SBA Resources in Louisiana
The SBA in Louisiana provides various financing options, including disaster loans, which are crucial given the state's susceptibility to hurricanes. It also offers specialized training and advisory services that help businesses capitalize on local economic opportunities.