Town of Arcadia Economic Development

Town of Arcadia Economic Development TABLE OF CONTENTS 1" 2" 2" 2" 3" 4" 5" 5" 5" 6" 7" 10" 10" 11" 13" 13" Why Arcadia? Parish Profile Education Qua...
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Town of Arcadia Economic Development TABLE OF CONTENTS 1" 2" 2" 2" 3" 4" 5" 5" 5" 6" 7" 10" 10" 11" 13" 13"

Why Arcadia? Parish Profile Education Quality of Life Industrial Site I Industrial Site II Utility Information Market Access Workforce Training Employment Wages Demographics Tax Information Consumer Expenditures Tax Incentives Contact Information

Weʼre happy youʼve considered bringing youʼre business to Arcadia. Weʼve created a document you can take with you that includes all the reasons we think you should join us! We are proud to say Arcadia, Louisiana is a community of hardworking people who care about our neighbors, the quality of life and our town. With a lower cost of living and recent advancements in technology and transportation remove barriers to doing business in a small town.

Why Arcadia? In recent years, Louisiana excels in areas that attract businesses. • The workforce is rated among the most productive in the nation and forth highest in contribution to gross state product per dollar of wage earned. • Ranked in the top 20 in the nation in terms of high-tech job growth. The states 3% growth was higher than the national growth rate at just 1% (American Electronics Association 2002) • Louisiana manufacturing workers are 1st in productivity when measured by value of shipments per production worker and are 4th most productive in the U.S. in value added per production worker (Census 2002). • Ranked 3rd in the nation in percentage of income growth between 2000 and 2002. The average Louisiana Income has grown 9.44% during that time. • Louisiana has two customized employee-training programs. • Business climate: right-to-work, tort reform. Positives in the area of Louisianaʼs education. • Louisianaʼs TOPS program invests an average of $100 million per year in tuition with 40,000 students currently enrolled in the TOPS program. • Louisianaʼs school accountability program ranked in the top ten in the nation, climbing from 7th in 2002 to 6th in 2003. • 1st in accountability and standards, 5th in improving teacher quality, and 16th in Equity of Funding (Education Week 2004). • The national increase in college tuition last year was 9% while Louisianaʼs was a mere 4% which was the 6th lowest in the country. The same study noted that total state appropriations for higher education increased 6% ranking Louisiana 5th in the U.S. • LSUʼs entrepreneur programs were positioned in the “first-tier or top 12 in the nation in Entrepreneur Magazineʼs ranking of the nationʼs top 100 entrepreneurial universities” (Entrepreneur Magazine, April 2003). • Ranked 6th in Business Incubators per 10,000 businesses and 14th in Science and Engineering B.S. degrees granted as a percentage of total Bachelorʼs degrees granted. • Ranked among the top ten states in the nation for its efforts to improve school and students performance. Quality Counts 2003 ranks Louisiana 5th for accountability and standards efforts, 12th for its efforts to improve teacher quality and 12th for equitable distribution of resources. • Louisianaʼs LA 4 early childhood education program has been highlighted by the National Association of State Boards of Education as a model initiative (NASBE, September 2002). • Louisiana's START program is in the top five in the 529 investment plans in the country, netting 6.33% interest last year (saving for college, July 2002).

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Parish Profile Population 2004 Estimate: 15,668 2000 Census: 15,752 1990 Census: 16,201 Age 0-17: 27.3% 18-24: 8.0% 25-44: 24.6% 45-64: 22.5% 65+: 17.6%

Adjacent Parishes: • Claiborne Parish (North) • Lincoln Parish (Northeast) • Jackson Parish (East) • Winn Parish (Southeast) • Natchitoches Parish (South) • Red River Parish (Southwest) • Bossier Parish (West) • Webster Parish (Northwest)

Average Temperature January: 54º July: 92º Annually: 64º Average Annual Rainfall 50.7”

Education Colleges/Universities Seven, four-year Colleges & Universities Within Commuting Distance Louisiana State University Louisiana Tech University of Louisiana at Monroe Centenary Grambling State University Evangel Christian Academy Southern University

Technical Colleges Four Technical and Vo-Tech Schools Bossier Parish Community College Louisiana Delta Community College Louisiana Technical College Northwest Louisiana Technical College of Minden

Public Library Bienville Parish Library

Primary/Secondary Schools Eight Bienville Parish Public Schools

Quality of Life Located in North-Central Louisiana, Arcadia offers you a unique lifestyle not found just anywhere. Arcadia has a truly laid-back atmosphere, but maintains most of the features and benefits of a much larger town or city. A beautiful 18 hole golf course, two museums, Bonnie & Clyde Trade Days (a large meet and swap sale), Bluegrass music, great restaurants, and numerous antique shops draw people from all over the Arkansas, Louisiana, and Texas area. Weʼre located in the heart of Louisianaʼs Piney Hills Country, surrounded by many lakes within a 30 to 40 minute drive and some of Louisianaʼs best fishing, deer, and turkey hunting makes Arcadia and Bienville Parish a true sportsmanʼs paradise. Arcadia has two large modern senior care centers and more than 14 area churches.

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Industrial Site I Interstate Highway Access 2 miles south of I-20 Rail Access Kansas City Southern Railroad adjacent to the site Other Highways On U.S. Highway 80 Owner Town of Arcadia Land Cost/Acre 69 Acres $2500 per acre / price negotiable upon job creation Existing Structures One new company on 4.5 acres Zoning Zoned for industrial use only Real Estate Tax Formula 5.68 m/15% Ten year suspension of taxes Municipal Incentives Available Arcadia is a “Renewal Community” with five different federal tax credits available with other state tax incentives Floodway or Critical Flood Zone Not in a flood zone Electrical Service Providers Entergy, Claiborne Electric Co-Op Natural Gas Provider Centerpoint Energy 4” main Water Provider Town of Arcadia Water Department Nearest Main Location/Size (Water) 8” main Capacity Available (Water) 1.5 million gallons per day Sewer Provider Town of Arcadia Capacity Available (Sewer) 500,000 gallons per day Telephone Provider AT&T For more information on these and other sites in our region, go to: www.nwlaprospector.com

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Industrial Site II Interstate Highway Access On I-20 Other Highways Borders Highway 519 on west side Borders Highway 151 on east side Owner Town of Arcadia Land Cost/Acre 26 Acres $60,000 per acre / price negotiable upon job creation Zoning Zoned for industrial use only Real Estate Tax Formula 5.68 m/15% Ten year suspension of taxes Municipal Incentives Available Arcadia is a “Renewal Community” with five different federal tax credits available with other state tax incentives Floodway or Critical Flood Zone Not in a flood zone Electrical Service Providers Entergy, Claiborne Electric Co-Op Natural Gas Provider Centerpoint Energy 4” main Water Provider Town of Arcadia Water Department Nearest Main Location/Size (Water) 8” main Capacity Available (Water) 1.5 million gallons per day Sewer Provider Town of Arcadia Capacity Available (Sewer) 500,000 gallons per day Telephone Provider AT&T For more information on these and other sites in our region, go to: www.nwlaprospector.com

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Utility Information Gas: Center Point Energy / 1-800-992-7552 Electric: Entergy / Emergencies: 1-800-368-3749 / Power Outages: 1-800-968-8243 / Customer Service: 1-800-368-3749 Electric: Claiborne Electric Co-op / 1-800-361-3011 Broadband Internet and Web Hosting: Bayou Internet / 1-888-302-2968 Phone: AT&T / 1-866-213-6300 Water: Town of Arcadia / 1-318-263-8456

Market Access Highways: Interstate 20 US Highway 80 LA Highway 4, 7, 9, 150, 154, 501, 747, 754, 792 Freight Rail: Kansas City Southern Navigable Waterways/Ports: Caddo-Bossier Port (shallow) Channel Depth 9ʼ  55 miles Port of Lake Charles Channel Depth 40ʼ  200 miles Airports: Monroe Regional (Commercial) Runway Length 8,351ʼ  50 miles Shreveport Regional (Commercial) Runway Length 7,500ʼ 55 miles Arcadia Bienville (General) Runway Length 3,000ʻ  In Parish

Distance from Arcadia to: Ruston, LA / 18 miles Minden, LA / 24 miles Monroe, LA / 48 miles Shreveport, LA / 50 miles Dallas, TX / 239 miles Jackson, MS / 168 miles

Workforce

Total Employees by Major SIC (2006)  

Agricultural, Forestry, Fishing (SIC Range 01-09)  Mining (SIC 10-14)  Construction (SIC 15-17)  Manufacturing (SIC 20-39)  Transportation and Communications (SIC 40-49)  Wholesale Trade (SIC 50-51)  Retail Trade (SIC 52-59)  Finance, Insurance And Real Estate (SIC 60-69)  Services (SIC 70-89)  Public Administration (SIC 90-98)  Unclassified (SIC 99) 

1 mile Total % 0 0.00%

10 miles Total % 32 0.90%

20 miles Total % 176 0.70%

0.20% 0.80% 0.20% 8.00%

90 2.50% 78 2.20% 1,293 36.20% 170 4.80%

238 1.00% 838 3.40% 2,546 10.50% 1,099 4.50%

8 1.20% 117 17.60% 13 2.00%

171 4.80% 547 15.30% 122 3.40%

973 4.00% 4,628 19.00% 1,200 4.90%

395 59.50% 71 10.70%

808 22.60% 254 7.10%

10,560 43.40% 2,038 8.40%

1 5 1 53

0

0.00%

4

0.10%

44

0.20% 5

Workforce (continued)

Major Employers

Jobs

by: Major Industry Division in 20 miles radius

House of Raeford  (Poultry Processing)

627

Haynes International (High-Tech Tubing)

140

Altivity Packaging (Coated Paper Products)

130

Murphy Brothers Trucking (Trucking)

128

Manufacturing

Willow Ridge (Nursing Home Facility)

115

Wholesale Trade

Leslie Lakes (Nursing Home Facility)

115

Retail Trade

Bienville Medical Center (Hospital)

74

Omega (Cardboard Containers)

50

Hanover (Oilfield Compressors)

45

Labor Market (20 mile radius)

Average Employment Agriculture

0.1%

Mining

1.0%

Construction

3.4% 10.5% 4.0% 19.0%

Trans/Warehouse

4.5%

Fin & Insurance

2.8%

Real Estate

1.5%

Healthcare/Soc

11.5%

Accommodation/Food

7.9%

Public Admin.

4.2%

Labor Force: 26,111 Unemployment: 5.6% Income Bienville Parish Total Personal Income 2002: $308M 2003: $312M 2005: $337M Median Household 2000: $23,326 2005: $39,456 Taxes (2007) State: 4.0% City: 2.0% Parish: 3.0% Total: 9.0%

Training Louisiana Workforce Development and Training Program Description This program provides funding for customized workforce training programs, if all qualifications are met, in order to improve the competitiveness and productivity of Louisiana 's workforce and business community and to assist Louisiana businesses in promoting employment stability. Funding $2.5 million in an annual state appropriation. Who's Eligible Existing Louisiana businesses that have been operating less than three years and companies located outside of Louisiana locating a facility within the state. Minimum of 10 net new jobs must be created unless upgrade training is involved. Upgrade training must be provided to a minimum of 10 full-time permanent Louisiana employees. Pre-employment and/or on-the-job training are eligible. (Excludes retail, gaming or gambling, trucking, lodging or hospitality, assisted living, funeral homes, nursing homes, retirement communities and others as determined by LED) The Process 1. Application filed by company requesting approval of funding. 2. Application reviewed for completeness and content by program manager. 3. Application presented to La. Economic Development Corporation Board for approval. 4. Contract approval process. Training Location Training takes place at the company, community or technical college campus. For more information, contact the Louisiana Department of Economic Development Attention: Ms. Cathy Breaux in Baton Rouge, LA at (225) 342-5375 E-mail Address: [email protected]

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Employment Wages 2006 Employment Wages Median Median Hourly Annual Wage Wage All Occupations $11.86 $24,660 Management occupations Management occupations $27.74 $57,700 Chief executives $58.56 $121,800 General and operations managers $31.29 $65,080 Advertising and promotions managers $21.23 $44,160 Marketing managers $28.04 $58,330 Sales managers $30.22 $62,860 Public relations managers $18.44 $38,350 Administrative services managers $24.18 $50,300 Computer and information systems $24.81 $51,610 managers Financial managers $31.39 $65,280 Compensation and benefits managers $25.85 $53,760 Training and development managers $18.06 $37,570 Human resources managers, all other $26.22 $54,540 Industrial production managers $29.06 $60,440 Purchasing managers $21.74 $45,220 Transportation, storage, and distribution $23.39 $48,650 managers Construction managers $25.70 $53,460 Education administrators, postsecondary $34.87 $72,530 Engineering managers $35.37 $73,560 Food service managers $17.60 $36,620 Lodging managers $14.03 $29,180 Postmasters and mail superintendents $25.90 $53,870 Property, real estate, and community $14.05 $29,230 association managers Social and community service managers $16.48 $34,290 Managers, all other $29.88 $62,150 Business and financial operations occupations Business and financial operations $20.62 $42,890 occupations Wholesale and retail buyers, except farm $15.64 $32,530 products Purchasing agents, except wholesale, $18.47 $38,410 retail, and farm products Occupation

Claims adjusters, examiners, and investigators Compliance officers, except agriculture, construction, health and safety, and transportation Cost estimators Employment, recruitment, and placement specialists Compensation, benefits, and job analysis specialists Training and development specialists

$24.08

$50,080

$17.82

$37,060

$20.30 $15.72

$42,230 $32,700

$15.61

$32,470

$19.58

$40,720

Human resources, training, and labor $24.86 relations specialists, all other Management analysts $22.15 Business operations specialists, all other $30.40 Accountants and auditors $22.40 Appraisers and assessors of real estate $16.34 Budget analysts $21.81 Credit analysts $20.18 Financial analysts $26.24 Financial examiners $34.10 Loan officers $17.32 Tax examiners, collectors, and revenue $26.73 agents Tax preparers $13.70 Financial specialists, all other $14.75 Computer and mathematical occupations Computer and mathematical $20.87 occupations Computer programmers $19.42 Computer software engineers, $34.73 applications Computer software engineers, systems $26.78 software Computer support specialists $15.90 Computer systems analysts $28.97 Database administrators $15.00 Network and computer systems $23.18 administrators Network systems and data $19.78 communications analysts Computer specialists, all other $18.22 Architecture and engineering occupations Architecture and engineering $24.90 occupations Architects, except landscape and naval $23.86 Surveyors $20.06 Civil engineers $25.65 Electronics engineers, except computer $39.92 Environmental engineers $32.83 Health and safety engineers, except $25.76 mining safety engineers and inspectors Industrial engineers $36.64 Mechanical engineers $29.07 Engineers, all other $31.81 Architectural and civil drafters $17.05 Mechanical drafters $14.57 Drafters, all other $19.01 Civil engineering technicians * Electrical and electronic engineering $24.93 technicians

$51,710 $46,080 $63,230 $46,590 $33,990 $45,360 $41,970 $54,580 $70,940 $36,030 $55,590 $28,500 $30,690 $43,410 $40,400 $72,250 $55,710 $33,080 $60,260 $31,210 $48,220 $41,140 $37,890 $51,780 $49,640 $41,720 $53,340 $83,030 $68,280 $53,590 $76,210 $60,460 $66,170 $35,470 $30,290 $39,540 * $51,860

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Employment Wages (continued) Industrial engineering technicians $17.95 $37,330 Engineering technicians, except drafters, $23.94 $49,800 all other Surveying and mapping technicians $11.58 $24,090 Life, physical, and social science occupations Life, physical, and social science $18.63 $38,750 occupations Environmental scientists and specialists, $16.77 $34,890 including health Geoscientists, except hydrologists and $31.80 $66,150 geographers Market research analysts $16.58 $34,490 Clinical, counseling, and school $30.16 $62,740 psychologists Urban and regional planners $25.02 $52,040 Geological and petroleum technicians $16.56 $34,450 Environmental science and protection $14.21 $29,550 technicians, including health Life, physical, and social science $22.30 $46,390 technicians, all other Community and social services occupations Community and social services $17.80 $37,030 occupations Educational, vocational, and school $22.00 $45,760 counselors Mental health counselors $11.83 $24,610 Rehabilitation counselors $16.37 $34,050 Counselors, all other $8.42 $17,510 Child, family, and school social workers $14.39 $29,940 Medical and public health social workers $18.45 $38,380 Mental health and substance abuse $12.90 $26,840 social workers Social workers, all other $23.44 $48,750 Social and human service assistants $8.86 $18,430 Community and social service $15.44 $32,110 specialists, all other Clergy $19.00 $39,520 Legal occupations Legal occupations $20.36 $42,350 Lawyers $33.63 $69,940 Administrative law judges, adjudicators, $62.22 $129,410 and hearing officers Paralegals and legal assistants $15.58 $32,410 Court reporters * * Law clerks $14.55 $30,270 Title examiners, abstractors, and $14.97 $31,130 searchers

Education, training, and library occupations Education, training, and library $18.18 $37,820 occupations Vocational education teachers, $12.86 $26,750 postsecondary Preschool teachers, except special $6.57 $13,670 education Middle school teachers, except special * $35,400 and vocational education Teachers and instructors, all other * $44,270 Librarians $20.78 $43,210 Library technicians $11.76 $24,460 Arts, design, entertainment, sports, and media occupations Arts, design, entertainment, sports, and $12.81 $26,640 media occupations Floral designers $9.33 $19,410 Graphic designers $11.62 $24,160 Producers and directors $14.16 $29,450 Coaches and scouts * $28,340 Reporters and correspondents $16.19 $33,670 Public relations specialists $20.94 $43,550 Media and communication workers, all $12.92 $26,860 other Broadcast technicians $9.65 $20,060 Photographers $13.32 $27,700 Healthcare practitioners and technical occupations Healthcare practitioners and technical $19.64 $40,850 occupations Dentists, general # # Dietitians and nutritionists $14.23 $29,590 Pharmacists $40.54 $84,310 Anesthesiologists $55.99 $116,460 Family and general practitioners # # Internists, general $66.60 $138,520 Surgeons # # Physicians and surgeons, all other $52.88 $110,000 Physician assistants $25.94 $53,960 Registered nurses $22.84 $47,510 Occupational therapists $32.36 $67,300 Physical therapists $33.11 $68,860 Recreational therapists $17.80 $37,020 Respiratory therapists $19.19 $39,920 Speech-language pathologists $31.40 $65,320 Veterinarians $22.22 $46,210 Health diagnosing and treating $20.63 $42,910 practitioners, all other Medical and clinical laboratory $20.83 $43,330 technologists Dental hygienists $29.90 $62,190

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Employment Wages (continued) Cardiovascular technologists and $15.49 technicians Diagnostic medical sonographers $23.71 Nuclear medicine technologists $25.06 Radiologic technologists and technicians $19.41 Emergency medical technicians and $10.21 paramedics Dietetic technicians $7.85 Pharmacy technicians $11.70 Surgical technologists $13.61 Veterinary technologists and technicians $9.98 Licensed practical and licensed $14.68 vocational nurses Medical records and health information $9.29 technicians Opticians, dispensing * Health technologists and technicians, all $10.73 other Healthcare practitioners and technical $12.13 workers, all other Healthcare support occupations Healthcare support occupations $8.67 Home health aides $7.44 Nursing aides, orderlies, and attendants $7.86 Occupational therapist assistants $18.43 Physical therapist assistants $18.18 Physical therapist aides $9.41 Dental assistants $13.87 Medical assistants $10.29 Medical transcriptionists $13.33 Pharmacy aides $8.99 Veterinary assistants and laboratory $6.38 animal caretakers Healthcare support workers, all other $11.73 Protective service occupations Protective service occupations $12.51 First-line supervisors/managers of police $24.19 and detectives First-line supervisors/managers of fire $18.07 fighting and prevention workers First-line supervisors/managers, $15.84 protective service workers, all other Fire fighters $15.95 Correctional officers and jailers $10.88 Detectives and criminal investigators $20.98 Police and sheriff's patrol officers $15.11 Security guards $8.28 Protective service workers, all other $12.53

$32,210 $49,320 $52,120 $40,380 $21,240 $16,320 $24,340 $28,320 $20,760 $30,530 $19,320 * $22,310 $25,240

$18,030 $15,470 $16,350 $38,330 $37,810 $19,580 $28,840 $21,410 $27,730 $18,700 $13,270 $24,400 $26,020 $50,320

Food preparation and serving related occupations Food preparation and serving related $6.74 $14,020 occupations Chefs and head cooks $17.56 $36,530 First-line supervisors/managers of food $13.02 $27,070 preparation and serving workers Cooks, fast food $6.59 $13,710 Cooks, institution and cafeteria $6.72 $13,990 Cooks, restaurant $9.39 $19,540 Cooks, short order $6.38 $13,270 Food preparation workers $6.91 $14,370 Bartenders $6.80 $14,150 Combined food preparation and serving $6.53 $13,570 workers, including fast food Counter attendants, cafeteria, food $6.55 $13,620 concession, and coffee shop Waiters and waitresses $6.32 $13,150 Food servers, nonrestaurant $6.89 $14,330 Dining room and cafeteria attendants and $6.30 $13,100 bartender helpers Dishwashers $6.49 $13,500 Hosts and hostesses, restaurant, lounge, $6.84 $14,220 and coffee shop Building and grounds cleaning and maintenance occupations Building and grounds cleaning and $7.25 $15,070 maintenance occupations First-line supervisors/managers of $10.72 $22,300 housekeeping and janitorial workers First-line supervisors/managers of $16.00 $33,290 landscaping, lawn service, and groundskeeping workers Janitors and cleaners, except maids and $7.29 $15,160 housekeeping cleaners Maids and housekeeping cleaners $6.38 $13,270 Pest control workers $9.99 $20,780 Landscaping and groundskeeping $8.18 $17,020 workers Grounds maintenance workers, all other $8.66 $18,010

$37,580 $32,960 $33,180 $22,630 $43,630 $31,420 $17,220 $26,060

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Demographics " As of the census[5] of 2000, there were 3,041 people, 1,071 households, and 737 families residing in the town. The population density was 1,025.6 people per square mile (395.3/km²). There were 1,231 housing units at an average density of 415.2/sq mi (160.0/ km²). The racial makeup of the town was 37.98% White, 60.57% African American, 0.26% Native American, 0.10% Asian, 0.26% from other races, and 0.82% from two or more races. Hispanic or Latino of any race were 1.61% of the population. A glimpse of downtown Arcadia: " There were 1,071 households out of which 31.7% had children under the age of 18 living with them, 37.0% were married couples living together, 27.9% had a female householder with no husband present, and 31.1% were non-families. 28.5% of all households were made up of individuals and 12.7% had someone living alone who was 65 years of age or older. The average household size was 2.57 and the average family size was 3.16. " In the town of Arcadia, the population was spread out with 27.1% under the age of 18, 9.2% from 18 to 24, 24.4% from 25 to 44, 18.7% from 45 to 64, and 20.6% who were 65 years of age or older. The median age was 37 years. For every 100 females there were 81.1 males. For every 100 females age 18 and over, there were 73.3 males. " The median income for a household in the town was $21,661, and the median income for a family was $26,250. Males had a median income of $25,885 versus $17,279 for females. The per capita income for the town was $10,962. About 27.1% of families and 31.4% of the population were below the poverty line, including 42.7% of those under age 18 and 20.6% of those age 65 or over.

Tax Information Enterprise Zone The Enterprise Zone (EZ) Program is a job creation incentive program that provides Louisiana Income and Franchise tax credits to a business hiring a minimum number of net new employees. A tax credit of $2,500 per new job is typically awarded.  The Enterprise Zone program also rebates the state sales tax (4%) and local sales tax (5%) on materials purchased for new building, machinery, and equipment. Inventory Tax Credit Program The Louisiana Inventory Tax Credit Program provides a credit for the ad valorem taxes paid to local parishes on inventory held by manufacturers.  This credit can be applied against state corporate income or corporate franchise taxes.  The credit is equal to 100% of the ad valorem taxes paid to local parishes.  Any allowable credit which exceeds the corporate income or franchise tax liability is refunded. Quality Jobs An annual rebate for up to ten years of 5% or 6% of gross annual payroll for certain conditions and a rebate of state sales/ use tax on materials for building and machinery and equipment purchased during the construction period. Industrial Tax Exemption Program A five year property tax exemption renewable for additional five years on capitalized purchases for new and expanding manufacturers. Freeport Tax An exemption from property taxes on goods moving through Louisiana if final destination is outside state.

Renewal Community Tax Incentives Wage Credit: Up to $1,500 or 15 percent of an employee's salary up to $10,000 for each employee who lives and works in the renewal community. Work Opportunity Credit: Up to $2,400 for employees hired from groups that have high unemployment rates or other special employment needs, including youth ages 18 to 24 who live in the renewal community. Other qualified groups include veterans, exfelons, food stamp recipients, vocational rehabilitation referrals and summer youth. Welfare to Work Credit: Up to $3,500 for the first year and $5000 for the second year for each new hire of someone on long term family assistance. Increased Section 179 Deduction: Allows businesses to take a deduction of up to $35,000 on equipment purchases. That lets businesses deduct all or part of the equipment cost the year it is purchased instead of deducting the expense over time. Commercial Revitalization Deduction: Businesses can elect to treat qualified revitalization expenditures chargeable to a capital account for any qualified revitalization building in either of the following ways:   Deduct half of the expenditures for the tax year the building is placed in service, or Amortize all the expenditures over a 120-month period beginning with the month the building is placed in service. Electing to take this deduction, disallows taking a depreciation deduction for the same expenditures.  Claiming this deduction enables the business to recover half (or all) of your qualified revitalization expenditures over a shorter period of time than depreciation. The commercial revitalization deduction is also allowed for both regular tax and alternative minimum tax purposes.  Maximum value of incentive $10,000,000. Environmental Clean up Cost Deduction: Allows businesses looking for land to deduct clean up costs of hazardous substances in qualified areas. Zero Percent Capital Gains Rate: A business that holds an asset for at least five years does not have to pay taxes on the profit of its sale.

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Consumer Expenditures

Distance:  

Apparel Men's Apparel Boys' Apparel Women's Apparel Girls' Apparel Infants Apparel Footwear Apparel Services and Accessories Education Books And Supplies Tuition Entertainment Fees And Admissions Video And Audio Equipment Recreational Equipment And Supplies Food and Beverages Food At Home Food Away From Home Alcoholic Beverages Health Care Health Care Insurance Health Care Services Health Care Supplies And Equipment Household Furnishings and Equipment Household Textiles Furniture Floor Coverings Major Appliances Housewares And Small Appliances Shelter Mortgage Interest Property Taxes Miscellaneous Owned Dwelling Costs Rental Costs Other Lodging Household Operations Babysitting And Elderly Care Household Services Alimony And Child Support Household Supplies Miscellaneous Expenses Legal And Accounting Funeral And Cemetery

Consumer Expenditures 1 miles 3 miles $ Per Total $000s $ Per Total $000s Households Households Consumer Expenditures (2006) 523 152 509 713 154 45 149 209 32 9 31 43 161 47 157 219 30 9 29 40 21 6 20 28 72 21 70 98 55 16 54 75 843 245 817 1,143 117 34 114 159 726 211 703 984 2,012 585 1,967 2,754 474 138 462 647 735 214 718 1,005 803 234 787 1,101 5,909 1,720 5,767 8,073 3,224 938 3,145 4,403 2,260 658 2,208 3,091 424 123 414 579 2,410 701 2,370 3,318 1,166 339 1,147 1,605 583 170 572 801 661 192 652 912 1,508 439 1,473 2,062 111 404 48 180 764 7,110 2,612 1,136 937 2,061 364 1,215 283 217 179 536 637 77 70

32 118 14 52 222 2,069 760 331 273 600 106 354 82 63 52 156 185 22 20

109 394 47 177 745 6,953 2,521 1,120 916 2,044 352 1,185 274 213 175 523 623 75 69

152 552 66 248 1,043 9,734 3,530 1,568 1,282 2,862 493 1,658 383 298 245 732 872 105 96

5 miles $ Per Total $000s Households 509 149 31 157 29 20 70 54 817 114 703 1,967 462 718 787 5,767 3,145 2,208 414 2,370 1,147 572 652 1,473

713 209 43 219 40 28 98 75 1,143 159 984 2,754 647 1,005 1,101 8,073 4,403 3,091 579 3,318 1,605 801 912 2,062

109 394 47 177 745 6,953 2,521 1,120 916 2,044 352 1,185 274 213 175 523 623 75 69

152 552 66 248 1,043 9,734 3,530 1,568 1,282 2,862 493 1,658 383 298 245 732 872 105 96

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Consumer Expenditures (continued)

Distance:  

Hair Care Electric Personal Care Appliances Personal Care Services Personal Care Products Reading Newspapers Magazines Books Tobacco Cigarettes Other Tobacco Products Transportation New Vehicle Purchase Used Vehicle Purchase Motorcycles (New And Used) Vehicle Finance Charges Gasoline And Oil Vehicle Repair And Maintenance Vehicle Insurance Public Transportation Other Transportation Costs Utilities Natural Gas Electricity Fuel Oil And Other Fuels Telephone Service Other Utilities Gifts Gifts Of Apparel Gifts Of Apparel Accessories Gifts Of Education Gifts Of Recreation Gifts Of Food And Beverages Gifts Of Household Furnishings And Equipment Gifts Of Household Gifts Of Transportation Gifts Elsewhere Unspecified Personal Insurance Contributions

Consumer Expenditures 1 miles 3 miles $ Per Total $000s $ Per Total $000s Households Households Consumer Expenditures (2006)

5 miles $ Per Total $000s Households

42 11 364 127 120 52 25 44 280 252 28 7,320 1,732 1,263 46 347 1,698 582 855 399 398 2,771 386 1,029 100 942 313 899 180 23 183 62 82 147

12 3 106 37 35 15 7 13 81 73 8 2,130 504 368 13 101 494 169 249 116 116 806 112 299 29 274 91 262 52 7 53 18 24 43

41 10 354 124 118 51 24 43 275 247 28 7,135 1,682 1,233 44 336 1,660 568 836 390 386 2,707 378 1,006 98 920 306 884 176 23 180 61 81 144

58 15 496 173 165 71 34 60 385 346 39 9,989 2,355 1,726 62 471 2,324 795 1,171 546 541 3,790 529 1,408 138 1,287 428 1,237 247 32 252 85 113 202

41 10 354 124 118 51 24 43 275 247 28 7,135 1,682 1,233 44 336 1,660 568 836 390 386 2,707 378 1,006 98 920 306 884 176 23 180 61 81 144

58 15 496 173 165 71 34 60 385 346 39 9,989 2,355 1,726 62 471 2,324 795 1,171 546 541 3,790 529 1,408 138 1,287 428 1,237 247 32 252 85 113 202

39 45 137 345 1,227

11 13 40 100 357

38 45 135 337 1,211

54 63 189 472 1,695

38 45 135 337 1,211

54 63 189 472 1,695

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Tax Incentives Arcadia is located in an Enterprise Zone and is a Renewal Community • Tax credits and sales and use tax refunds if 35% of new employees come from one of four targeted groups. • A five year property tax exemption renewable for additional five years on capitalized purchases for new and expanding manufacturers. • An annual rebate for up to ten years of 5% of gross annual payroll for certain wage rates under certain conditions and a rebate of state sales/use tax on materials for building, machinery, and equipment purchased during the construction period. • There is a 100% credit against state corporate income and franchise in the amount of local inventory tax that manufacturers and distributors pay. • Work opportunity credit up to $2,400 for certain employees. • A Commercial Revitalization Deduction which allows businesses to deduct a portion of the cost of construction or rehabilitation of commercial property over a shorter period of time. • You can take an additional $35,000 of the cost of new equipment in the year it is put into service. • Welfare work credit up to $3500 for the first year and $5,000 for the second year for certain employees. • A wage credit of up to $1500 or 15 of salary up to $10,000 for certain employees. • An exemption from property taxes on goods moving through Louisiana if final destination is outside state. • The Town of Arcadia Louisiana encourages and supports Affordable Housing.

For more detailed information on eligibility, application procedures, and job certification contact: Louisiana Economic Development, Business Incentive Services, P. O. Box 94185, Baton Rouge, Louisiana  70802 Phone: 225-342-9228  Fax: 225-342-0142  http://www.led.louisiana.gov

Contact Information #

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For any additional information, please contact: Mayor Eugene Smith Town of Arcadia, Louisiana Phone: (318) 263-8456 Email: [email protected]

Jan Sims Executive Assistant Phone: (318) 263-8456 Email: [email protected]

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