Industries

Bio & Health Services Innovation

GAME-CHANGING BUSINESS INCENTIVES

25%

CASH REBATE

DIGITAL INTERACTIVE MEDIA + SOFTWARE PROGRAM

  • Provides a 25% cash rebate on qualified payroll for in-state employees and 18% for qualified production expenditures
  • No caps, no minimum requirement, no sunset
  • Tax credit can be applied to state income tax liability. The state refunds any overages OR applicants can opt for 85% of the value earned as a rebate any time during the year

6%

CASH REBATE

LOUISIANA QUALITY JOBS REBATE

  • The program provides up to a 6% cash rebate of annual gross payroll for new direct jobs for up to 10 years
  • Provides a state sales/use tax rebate on capital expenditures or a 1.5% project facility expense rebate on the total capital investment, excluding tax exempted items

30%

TAX CREDIT

LOUISIANA RESEARCH + DEVELOPMENT TAX CREDIT

  • Provides up to a 30% tax credit on qualified research expenditures incurred in Louisiana — with no cap and no minimum requirement

25%

TAX CREDIT

ANGEL INVESTORS TAX CREDIT

  • Provides a 25% tax credit on investments, by accredited investors, in businesses certified by Louisiana Economic Development as Louisiana Entrepreneurial Businesses (LEB)
  • $3.6 million annual program cap
  • Stakeholders can invest $720,000 per business per year and $1.44 million per business over the life of the program

WORLD CLASS FACILITIES

NEW ORLEANS BIOINNNOVATION CENTER

Louisiana’s premier biotech incubator, provides access to customized commercialization services, premier facilities, and a comprehensive support network.

LOUISIANA CANCER RESEARCH CENTER

State supported education and research in the diagnosis, detection, and treatment of cancer.

UNO Research & Technology Park

Through public and private partnerships, the University of New Orleans Research & Technology Foundation links the private sector to academia and various partners in the public sector. Tenants have opportunities to engage in joint proposals, to collaborate on research projects with university researchers, and to supplement their workforce through internships for undergraduate and graduate students.

THE NEW ORLEANS BIODISTRICT

The New Orleans BioDistrict is a political subdivision of the state of Louisiana with a mission that includes facilitating and promoting commercialization opportunities from research developed within the District, and with the power to incur debt. New Orleans boasts 25 Qualified Opportunity Zones; the BioDistrict spans across 5 of them.

THE NEW ORLEANS BIODISTRICT

  • Two $1 billion+state-of-the-art hospitals: University Medical Center and Veterans Affairs Hospital
  • Two medical schools: LSU Health Sciences Center and Tulane University
  • College of Pharmacy at Xavier University
  • New Orleans Bio Innovation Center
  • Louisiana Cancer Research Center
  • UMCBurnCenter
  • OchsnerHealthSystem
  • LCM CHealth System
  • HCA/Tulane Health System

Prime CBD Real Estate

$18-25 / sq.ft.

1 of 3 Rising Tech Hubs to Watch

Ozy 2018

Access to Talent

from 10 Colleges and Universities within the City Limits

THE NEW MSY

New Orleans’ brand-new $1 billion terminal features 35 gates and 16 operators, presenting an excellent launch pad for business travel.

PORT OF NEW ORLEANS

A modern multimodal gateway for global commerce, offering integrated river, rail, and road solutions.

America is home to thousands of cities, towns and municipalities. Yet, only 15 are home to two medical schools. Even fewer offer a top-rated pharmacy school, dental school, six accredited nursing schools, and two veterinary schools.

NEW ORLEANS HEALTH INNOVATORS CHALLENGE

A Quest for Innovative Solutions for the Most Pressing Challenges in Healthcare

The list for New Orleans

Medical Schools: Louisiana State University School of Medicine, Tulane University School of Medicine (a third is in our neighboring Jefferson Parish)

Pharmacy School: Xavier University

Dental School: Louisiana State University

Veterinary schools: Tulane University and Delgado Community College

And did we mention a 1,500-acre BioDistrict in the heart of downtown, created with more than $2.5 billion in investment? It is designed to develop a biosciences industry that fosters world-class research and development; local, regional, and global healthcare delivery.

In short, thanks to bio-innovation investments, a unique community of top-rated universities, and medical curriculums, not many U.S. municipalities can boast a dynamic Bio environment like New Orleans.

 

New Orleans Bio: Top Talent. Breakthrough Innovation. Elite Facilities. Aggressive Incentives

 

New Orleans Rankings

2019

Tulane Medical Center

World’s Best Hospitals 2019” - Newsweek, 2019

#2

City of New Orleans, 2016

Lowest Cost of Doing Business

1 of 15

two medical schools

1 of only 15 U.S. cities with two medical schools

Key Facts About This Industry Cluster

 

New Orleans is #1 for biggest job growth in the healthcare industry from 2007-2017

 

 

Health Services is the third largest employer in the city and provides a spectrum of jobs with attractive career opportunities.

 

 

The average annual wage locally is approximately $89,700 for this cluster.

 

 

While many research and medical positions require advanced education and training, ancillary positions – for example, in facilities such as hospitals – need only high school diplomas or the equivalent.

 

Black Tech NOLA 2021

Careers in BioTech (Virtual Hiring Event)

Changing the Landscape: Opportunities for Pursuing a Fulfilling Career in BioTechnology – Black Tech Founder Dr. Trivia Frazier will lead a conversation from different perspectives in BioTech. Learn about traditional and non-traditional opportunities from the lab to the board room.

THE NEW ORLEANS BUSINESS ALLIANCE is here to help you navigate the business environment with ease. All of our services are free of charge, so let’s have a conversation today.

JEANETTE R. WEILAND

Vice President of Bio, Innovation and Special Projects
1250 Poydras St., Suite 2150
New Orleans, LA 70113
info@nolaba.org | 504.934.4500