Alliance to review tax incentives

Published 12:00 am Saturday, August 19, 2006

FERRIDAY &8212; The Northeast Louisiana Economic Alliance wants Concordia Parish residents and businessmen to know how to save money.

The group will host a Louisiana Renewal Community Luncheon at the Concordia Parish Community Center in Ferriday to review tax incentives area businesses may qualify for.

U.S. Sen. Mary Landrieu and Don Mains from the Department of Housing and Urban Development will speak.

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Portions of Concordia have renewal community status, including all of Ferriday. Based on the area&8217;s rural status and economics, the government offers tax breaks to encourage job growth.

Employers can also receive credits and incentives for hiring local residents who live in a renewal community, for buying new equipment and for expanding a business or starting a new one.

NELEA Vice President Michelle Boothe said anyone and everyone is encouraged to attend the meeting.

&8220;All chambers, the general public, mayors, Legislators, civic groups, anyone that can inform the public needs to know about it,&8221; she said. &8220;(CPAs) are a main target. They need to promote it to businesses.&8221;

The organization tries to visit local organizations yearly to explain the renewal community status and answer questions.

The status started in 2002 and ends in 2009.

The meeting will start at 11 a.m. and end at 1 p.m. today.

Lunch will be provided for those already pre-registered.