Overview
Louisiana Economic Development supports established construction
companies that choose to mentor the development of protégé firms as
competitive contractors, subcontractors and joint venture
partners.
Through the Mentor-Protégé Tax Credit program, LED enhances
Louisiana's business environment for new construction companies.
This program provides technical and economic benefits to
Louisiana-based contractors who will create and/or retain jobs for
Louisiana citizens, expand the state's economy and increase
available quality jobs.
Benefits
With the Mentor-Protégé Tax Credit program Act of 2007, mentor
firms can receive Louisiana income or franchise tax credits of up
to $50,000 per year by making technical assistance available to a
protégé firm.
Review a sample calculation of benefits in the Related Content section to see how this incentive
could apply to your business.
Eligibility
Mentor Firm Requirements
- Committed and able to provide professional guidance and support
to protégés, which facilitates their development and growth,
particularly in the critical areas of private and public
procurements in construction
- Demonstrate favorable financial health, including profitability
for at least the last two years
- Demonstrate the capability to provide managerial or technical
skills transfer or capacity building
- Capable of contracting with private and public entities
- In "good standing" with the Secretary of State and not in
violation of any state statutes, rules or governing policies
Protégé Firm Requirements
For comprehensive rules and details on eligibility, please
review Related Content below and contact the
appropriate administrator.
How to Apply
Companies interested in applying for Mentor-Protégé Tax Credits
must submit an application for approval as a mentor or protégé to
LED's Community Outreach Services.
Download and complete the appropriate application located within
Related Content.
Companies interested in participating in the Mentor-Protégé Tax
Credit program must submit the appropriate application for approval
to:
Louisiana Economic Development
Community Outreach Services - Entrepreneurial Services
P.O. Box 94185
Baton Rouge, LA 70804-9185
Firms interested in participating, whether as a mentor or
protégé, must be accepted prior to negotiation of a mentor-protégé
agreement.
If you are an individual with a disability interested in this
program, contact LED Disability Program Navigator Brenda Bohrer at
225.342.3728 or bbohrer@la.gov.
Related Content
Administration
This program is administered by Louisiana Economic
Development.
For information regarding the Mentor-Protégé Tax Credit, contact
the program administrator:
Torri Buckles
225.342.5663
tbuckles@la.gov
