Louisiana Cultural Districts
Broad Street is fortunate to have three Louisiana Cultural Districts on and around Broad. Properties in these districts are eligible for a 25% state historic tax credit, and businesses in the district do not pay state sales tax on original works of art.
Tax Credits
- State Historic
- Federal Historic
- New Markets
- State Renewable
- Federal Renewable
ORDA Target Areas
Broad also enjoys two Office of Recovery and Development Administration Target Areas, which provide a number of public investments. The Target Areas are
- Lafitte at Broad
- Bayou Road
The benefits of Target Areas include
- Streetscape enhancements
- Small business grants and loans
GO Zone
The Gulf Opportunity Zone was created by Congressional act following the hurricanes of 2005. The GOZone offers a number of subsidies that include:
- Bonus depreciation
- Increased Federal Historic tax credit
Renewal Community
Federally-designated Renewal Communities offer a package of incentives designed to promote business investment in historically marginalized communities. The Renewal Community incentives provide both operational and capital-cost subsidies, including:
- Increased Section 179 reduction
- Worker Opportunity tax credit: $1200 per worker
