Board of Commerce and Industry public meetings in 2020
4 substantive meetings from 2020, with official agendas or minutes and plain-English summaries.
Board of Commerce and Industry
The Board of Commerce and Industry will vote on multiple tax incentive programs, including new applications, renewals, cancellations, and transfers under the Quality Jobs, Restoration Tax Abatement, Enterprise Zone, and Industrial Tax Exemption programs. The meeting returns to in-person with COVID-19 protocols. Total proposed investments exceed $10 billion across all programs.
- 22 new Industrial Tax Exemption pre-EO applications with $8.17 billion in investments
- 4 new Quality Jobs applications with $1.41 billion in investments and 172 new permanent jobs
- 22 new Enterprise Zone applications with $832.9 million in investments and 587 new permanent jobs
- 3 new Restoration Tax Abatement applications with $13.95 million in investments
- 19 Enterprise Zone contract terminations and 1 contract cancellation
The Board approved numerous Quality Jobs, Restoration Tax Abatement, and Industrial Tax Exemption Program (ITEP) applications. It denied an appeal from Praxair regarding a local tax abatement rejection in St. James Parish. Several other applications were deferred or canceled.
- Approved 4 new Quality Jobs applications (A.W. Chesterton, Cabot Corp, Shintech Louisiana, Ville Platte Iron Works)
- Approved 10 Quality Jobs renewals and 3 special requests
- Approved 3 new and 2 renewal Restoration Tax Abatement applications
- Approved 22 new Enterprise Zone applications; canceled G.E.O. Heat Exchangers contract
- Approved 19 Enterprise Zone contract terminations
- Approved 4 ITEP applications for Cameron LNG, LLC
- Approved ITEP applications for Gravois Aluminum Boats, Honeywell International, and Shintech Louisiana
- Denied appeal by Praxair to overturn St. James Parish local entity denials (6-5)
Board of Commerce and Industry
The Louisiana Board of Commerce and Industry will vote on dozens of applications for tax incentive programs, including Quality Jobs, Restoration Tax Abatement, Enterprise Zone, and Industrial Tax Exemption. The meeting covers new applications, renewals, and special requests, with total proposed investments exceeding $12 billion and thousands of new jobs claimed. The board will also hold elections and discuss other business.
- Shintech Louisiana LLC seeks $1.32B investment in Iberville under Quality Jobs, with 3,000 construction jobs
- Sasol USA Corporation applies for $7.58B Industrial Tax Exemption in Calcasieu, with 78 new permanent jobs
- Ochsner Clinic Foundation has multiple Enterprise Zone applications totaling over $268M in Jefferson and East Baton Rouge
- 29 new Restoration Tax Abatement applications, including $7.36M for M.S. Rau Antiques in Orleans
- Board elections and secretary remarks are also on the agenda
Board of Commerce and Industry
The Board of Commerce and Industry is holding a special teleconference meeting on April 21, 2020, due to a lack of quorum caused by the COVID-19 public health emergency. The only substantive item is a review, discussion, and vote on a motion regarding BCI program deadlines (attached to the agenda). Public comment is accepted via email or during the meeting.
- Review, discussion, and vote on motion regarding BCI program deadlines (attachment not provided in agenda text)
The Board of Commerce and Industry approved a motion to suspend certain filing deadlines for various economic programs. This suspension applies to notifications, applications, and compliance documentation from March 17, 2020, through April 30, 2020.
- Suspended deadlines for BCI programs including Enterprise Zone, Quality Jobs, Restoration Tax Abatement, and Industrial Tax Exemption (unanimous)
Board of Commerce and Industry
The Board of Commerce and Industry will vote on dozens of applications for tax incentive programs, including Quality Jobs, Restoration Tax Abatement, Enterprise Zone, and Industrial Tax Exemption. The agenda includes new applications totaling over $600 million in investments and hundreds of new jobs, as well as renewals, contract terminations, and a resolution on ITEP rules. Also on the agenda: election of officers.
- 3 new Quality Jobs applications: $9.2M investment, 140 new permanent jobs
- 10 new Restoration Tax Abatement applications: $21.9M investment, 69 permanent jobs, 367 construction jobs
- 8 new Enterprise Zone applications: $282.8M investment, 148 permanent jobs, 420 construction jobs
- 16 new Industrial Tax Exemption applications (2017 and 2018 rules): $300.5M investment, 272 permanent jobs, 577 construction jobs
- 255 ITEP renewals and 15 contract cancellations