LT. GOVERNOR MITCH LANDRIEU ANNOUNCES NEW INITIATIVES FOR ATCHAFALAYA HERITAGE AREA -- 02/28/2007
Office of Lieutenant GovernorFOR IMEDIATE RELEASE
February 28, 2007
LT. GOVERNOR MITCH LANDRIEU ANNOUNCES NEW INITIATIVES FOR ATCHAFALAYA HERITAGE AREA
12 Area Businesses in Atchafalaya Basin Gain Approval For Tax Credit Pilot Program
LSU AG Center Partners with America's WETLAND To Protect And Preserve Louisiana's Natural Treasures
On Friday, March 2, 2007, Lt. Governor Mitch Landrieu will announce two new programs for the Atchafalaya Heritage Area, a 14-parish region surrounding the Atchafalaya Basin. The Atchafalaya Heritage Tax Credit Program will serve as a financial incentive for the growth of heritage- and culture-based businesses in the area that are normally excluded from traditional economic development programs. The tax credit program is directed at small businesses with fewer than 20 employees that make use of the natural, cultural and historic assets of the Heritage Area. There are two tax credits: the Heritage Small Business Tax Credit and the New Employee Tax Credit. Both allow deductions for $750 per year and are available for up to five years with unused credits being available for a maximum of 10 years. Twelve area businesses have been approved thus far to begin the program with other applications expected for review.
The approved businesses for the pilot program are Portraits by Austin (Simmesport); Terrence Simien (Lafayette); Bill Rodman Production Shoppe (Baton Rouge); Atchafalaya Taxidermy (Simmesport); Petite Rouge (Grand Coteau); LaCaboose Specialties (Sunset); Paul J. Allain Architect, Inc. (New Iberia); Poplar Grove Plantation (Port Allen); Louisiana Heritage & Gifts (Lafayette); Blum & Bergeron, Inc. (Lafayette); Country Ridge Bed & Breakfast (Opelousas) and Donlon & Donlon (Baton Rouge).
The Atchafalaya Heritage Area, first designated as a state heritage location in the late 1990's, has recently received the national heritage designation. This will allow the region to receive up to $10 million over the next 15 years for implementation of projects there.
The Lt. Governor will also be joined by members of the America's WETLAND Conservation Corps, a new volunteer program in partnership with the LSU Agricultural Center that encourages communities statewide to protect and restore Louisiana's wetlands. To date, the America's WETLAND campaign is the pargest public education campaign in the state's history, and has been successful in calling national attention to the value of Louisiana's unique ecosystems.
WHO: Lt. Governor Mitch Landrieu, Atchafalaya Tax Credit Business Owners, America's WETLAND Volunteers
WHAT: Announcement of new Atchafalaya Heritage Area programs
WHERE: Atchafalaya Welcome Center in Butte La Rose
WHEN: Friday, March 2, 2007
CONTACT: Maria Mercedes Tio