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Opportunities in Louisiana for Expansion/Relocation, Small Businesses & LA Business Leaders Expansion/Relocation Small Businesses LA Business Leaders

Technology

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Industry Overview

Louisiana's technology industry is strong and getting stronger. The state is home to more than 350 IT companies. Along with our regional partners, LED continuously works to ensure these businesses have all the resources necessary to thrive. With three technology incubators statewide, Louisiana is cultivating a new generation of companies involved in IT, digital media and cyber technology. The Louisiana Optical Network Initiative, which connects five supercomputers around the state for research purposes, earned the state a membership in the National LambdaRail. This allows Louisiana researchers to collaborate with scientists around the country and the world on major initiatives. Additionally, the state's digital media industry is attracting a growing number of video game developers and associated businesses.

Information Technology

More than 350 IT companies are doing business in Louisiana, and experts predict that number will grow in the coming years because of the infrastructure and support systems in place. Louisiana maintains three IT incubators around the state dedicated to the successful development of technology startups and entrepreneurs: the Louisiana Tech Technology Incubator in Ruston, the Louisiana Technology Incubator for Entrepreneurial Success at the University of Louisiana at Lafayette and the Louisiana Business and Technology Center at Louisiana State University in Baton Rouge.

Also bolstering Louisiana's technology profile, LONI connects the state's major research universities, allowing greater collaboration and producing results faster and with greater accuracy. With more than 85 teraflops of computational capacity, LONI provides Louisiana researchers with one of the most advanced optical networks in the country and the most powerful distributed supercomputer resources available to any academic community.

Located at the University of Louisiana at Lafayette, the Louisiana Immersive Technologies Enterprise, or LITE, offers a comprehensive set of advanced visualization systems including one of the world's largest 3-D visualization theaters and one of the world's first multi-user, six-sided digital 3-D total immersive space based on CAVE™ technologies. LITE, a state entity, hosts commercial, government and university clients.

The effort to grow and sustain IT in Louisiana also continues on the regional level. The Louisiana Technology Park in Baton Rouge is a public-private alliance formed to create the most active and innovative atmosphere for e-business, high technology and biotechnology between Houston and Atlanta. The Louisiana Technology Council, or LTC, was formed in New Orleans in 1994 to help area businesses and organizations use technology to their advantage. Initially funded by the city of New Orleans, LTC has been self-sustaining since its second year - receiving no outside funds - and membership has tripled since 2003. Lafayette's technology council, Zydetech, works to build a technologically-inspired community of business, government and education in Acadiana. These and numerous other entities throughout the state exist to ensure IT businesses find success in Louisiana.

Cyber Technology

The cyber technology industry exists to help create secure networks for public, private and governmental uses. The Cyber Innovation Center in Bossier City, north of Barksdale Air Force Base, plays a major part in the effort to protect our nation's interests from cyber espionage and attacks. A worldwide leader in research and technology development in the fields of cyberspace and cyber infrastructure, the Cyber Innovation Center assists government agencies, such as Department of Defense, Transportation Security Administration, Department of Homeland Security and National Security Agency in obtaining cyberspace dominance. The center also works to stimulate innovation-based economic growth through strategic partnerships.

The center has also created an Academic Outreach program, which is tapping into the area's educational institutions to ensure that students are getting well trained in technology. One of program's goals is to create a knowledge-based workforce to support the requirements of the Air Force, private industry and academia.

In May 2009, Barksdale Air Force Base was selected as the permanent location for the new Air Force Global Strike Command - the Air Force's newest major command. The Global Strike Command will play a major role in the Air Force's nuclear deterrence, defense and national security.

Digital Media

Louisiana is focusing a great deal of attention and effort on the cultivation of its video game development industry. Since 2005, the state has instituted an aggressive tax incentive program for video game production and encouraged workforce development programs at several universities throughout the state.

At Louisiana State University, educators and researchers are developing the Arts, Visualization, Advanced Technologies and Research Initiative, or AVATAR, a curriculum focusing on the intersections among art, technology and computation, creating new research areas in virtual environments, digital art, electroacoustic music, animation, video game design, scientific visualization and more. AVATAR will leverage state tax incentives for digital media and train a talented workforce for one of Louisiana's vibrant and growing industries.

Digital Media Incentive
Developers of interactive digital media, such as video games, receive up to a 25% tax credit against production expenditures in Louisiana and an additional 10% tax credit for Louisiana resident labor expenditures. For more information, click here.