Louisiana Data and Stories

State Fact Sheet

Map of Selected Projects in Louisiana

Community Testimonials

No other economic development program has successfully created jobs, grown our nation’s businesses and provided critical healthcare and other services in areas deemed too risky and too poor for traditional investors. From a veteran’s clinic in Indiana to a charter school in New Orleans to a steel manufacturing facility in rural Tennessee, the New Markets Tax Credit has a track record of success across state lines and a broad scope of industries.

-Mackenzie Ledet, Stonehenge Community Development, Baton Rouge, Louisiana

Selected Projects in Louisiana

InclusivCare

Marrero,
LA
(2022)

FQHCs, Nonprofit Hub

CDE(s): Primary Care Development Corporation

InclusivCare is implementing a three-year strategic plan (2021-2023) that involves increasing the number of medical and dental patients and expanding behavioral health services. It is undertaking this NMTC project to

Bayou Holdco Inc.

New Iberia,
LA
(2021)

Manufacturing

CDE(s): Advantage Capital

Bayou specializes in pipe coating services for the oil and gas industry. The Company works on both onshore and offshore projects. This project provided the Company with funds for equipment

Coastwide Electric Inc.

Amelia,
LA
(2021)

Retail

CDE(s): Advantage Capital

Coastwide Electric is a marine electrical contractor. The Company provides electrical systems installation on new vessels as well as repairs and maintenance on existing vessels. This project provided the Company

FlyGuys Inc.

Lafayette,
LA
(2021)

Retail

CDE(s): Advantage Capital

FlyGuys is a full service, project management and data collection company that connects a network of drone pilots to clients. This project provided the Company with funds for equipment purchase

CommCare Nathchitoches

Natchitoches,
LA
(2021)

Community, Nursing Homes and Hospice

CDE(s): AMCREF Community Capital, Hampton Roads Ventures

CommCare is constructing a 72,000 sq. ft. skilled nursing and rehabilitation facility in Natchitoches, LA that will serve 120 patients per year, 80% of which will be low-income.

Saint Augustine High School

New Orleans,
LA
(2021)

FQHCs, Schools

CDE(s): Enhanced Capital

Enhanced Capital is thrilled to partner with St. Augustine High School (St. Augustine) to provide financing through the Louisiana and federal New Markets Tax Credit (NMTC) program. Located in New

T.I. Contracting

Chalmette,
LA
(2021)

Business Development, Infrastructure, Manufacturing, Transportation and Ports

CDE(s): Advantage Capital

T.I. Contracting is a trucking, hauling, logistics, and government contracting firm. T.I. Contracting has recently received contracts to work on pump stations in various municipalities. The project provided funds for

Neighbors Cookies

West Monroe,
LA
(2021)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Advantage Capital

A $2.75 million investment in West Monroe-based cookie dough and confectionary distributor, Neighbor’s Cookies.

Morehouse Community Health Center

Bastrop,
LA
(2021)

Behavioral Health, Community, Dental Services, FQHCs, Healthcare, Rural, Shelters and Community Food

CDE(s): Community Health Center Capital Fund, Primary Care Development Corporation

The project involves the construction of a 41,260 sq. ft., state-of-the-art clinic facility in Morehouse Parish.

Tate, Etienne, Prevost Center

New Orleans,
LA
(2020)

Adult Education, College or Vocational Training, Community, Floods, Katrina, Mixed-use, Nonprofit Hub

CDE(s): Central States Development Partners, Enhanced Capital, USBCDE

Civil rights trailblazer secures timely financing and breathes new life into history-making school.

The Rose Collaborative

New Orleans,
LA
(2018)

Community, Historic Rehabilitation, Nonprofit Hub

CDE(s): National Trust Community Investment Corporation

The substantial rehabilitation of the St. Rose de Lima Catholic Church building and two adjacent schoolhouses into a performance art venue, a non-profit school, co-working space, and small business incubation

Rouse’s Grocery Store

Marrero,
LA
(2018)

Disaster Recovery, Grocery and Fresh Food, Katrina, Retail, Retail and Commercial

CDE(s): Hancock Whitney New Markets Fund

A roughly 40,000 sq. ft. full service grocery store which provides access to healthy fresh food in a highly distressed food desert.

Site visits and recent news related to Louisiana NMTC Projects

Rep. Garrett Graves (R-LA) Tours Westport Linen

Congressman Garrett Graves (R-LA) visited NMTC-financed Westport Linen Services

Learn more...

Aug-2017

Senator Cassidy (R-LA) Visits NMTC-Financed Trucking Innovation

U.S. Senator Bill Cassidy, M.D. (R-LA) visited Trucking Innovation, a thriving minority-owned business that supports local construction projects via trucking, hauling and contracting services.

Learn more...

Aug-2023

New Nursing Facility Financed with NMTC Brings Advanced Care Options Jobs and Increased Revenue to Louisiana Community

November 1, 2018

Myrtle Banks Redevelopment Honored by Novogradac

August 1, 2015

The St. Rose de Lima Church Celebrates Grand Re-Opening as the Rose Collaborative

October 14, 2018