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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 LDA 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.
Status:
The LDA has closed 19 IDB projects totaling $110.9 million.
| IDB Projects |
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| 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 |
| Mid-South Extrusion |
$4,000,000 |
| 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 |
| Honeywell International |
$4,000,000 |
| Honeywell International |
$16,000,000 |
| Cargo Acquisition |
$7,785,000 |
| BIOSET |
$10,000,000 |
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