Jindal Lays Out Proposals For Economic Development Reforms

Governor Bobby Jindal is looking to make Louisiana more attractive for business. In his four proposed economic development reforms, Jindal wants to offer a ten-year property tax exemption to attract companies in targeted sectors, companies that have the capacity to generate substantial new growth in jobs, sales and tax revenue. The governor is also pushing a reform measure to lure more corporate headquarters to Louisiana by offering a 25-percent rebate on qualifying relocation costs. The state Department of Economic Development estimates adopting these proposals would generate at least ten thousand new jobs in the next five to ten years.