INDUSTRIAL DEVELOPMENT REVENUE BONDS
Industrial Development Revenue Bonds Issue tax-exempt bonds on behalf of small manufacturing companies, which locate in and create jobs in the state. Small manufacturers are designated by the IRS as manufacturers issuing less that $10 million in tax-exempt bonds in a six-year period. In 1996, Louisiana did $1.5 million in small-issue, tax-exempt bonds, while Alabama did $92.8 million and Mississippi did $48.4 million in the same year. In 1997, the State Administration, at the urging of the Department of Economic Development, allocated 20% of the state's private activity cap to small manufacturers, and Louisiana did $24.8 million in small-issue, tax-exempt bonds in 1997. This LCDA program is ideally suited for participation in this cap allocation, and is geared towards manufacturers that seek $10 million or less to build or upgrade a facility.
The LCDA has closed 19 IDB projects totaling $110.9 million.
|Town & Country Water Service Company, Inc.||$1,570,000|
|Crown Dental Studios - Bradford Properties, LLC||$300,000|
|Cospolich Refrigerator Company, Inc.||$2,100,000|
|Southern Ionics, Inc.||$4,500,000|
|Consolidated Waste, Inc. (CWI) - White Oak Landfill, L.L.C.||$2,000,000|
|Consolidated Waste, Inc. (CWI) - White Oak Landfill, L.L.C.||$500,000|
|Fabricated Steel Products||$1,233,000|
|Barriere Construction Company, L.L.C.||$2,500,000|
|BASF - Geismar, LA||$21,000,000|
|BASF - Geismar, LA||$8,000,000|
|BASF Corporation Shreveport Project||$8,000,000|
|BASF Corporation Shreveport Project||$10,000,000|
|Abita Brewing Company, LLC||$1,410,000|