|
Renewal
Community Initiative
Quick
Overview
Tax
Incentives
Renewal
Community Initiative Home
Are You
in a Renewal Community Zone? |
Renewal
Community Initiative
Introduction
In December 2000,
Congress approved the designation of Renewal Communities (RCs) to help
promote economic development in distressed communities.
The state of Louisiana received authority to offer two Rural
Renewal Communities -- the North Louisiana Rural Renewal Community and
the Central Louisiana Rural Renewal Community.
Qualified businesses located in the either of these Rural
Renewal Communities will be eligible to take advantage of Federal tax
incentives to hire residents and to expand or improve their
operations.
The Federal tax benefits available in
RCs are designed to encourage businesses to invest in these areas.
Expanding business development and commerce leads to greater
job opportunities for residents, and to improved access to goods and
services, both of which help energize long-term revitalization. The tax incentives offered through this program are
substantial, and will be available to businesses creating or retaining
new jobs through December 31, 2009.
The
DeSoto Parish Chamber of Commerce is pleased to be able to bring you
information about this program, and looks forward to working with you
to help your community and its businesses benefit from this program.
Should you have any questions or need any help, please call
__________________________
Sincerely, |
