The New Orleans Regional Business Park was created by the State of Louisiana in conjunction with the City of New Orleans to attract new businesses and facilitate the expansion of existing businesses within a 7000 acre tract in Eastern New Orleans. The Business Park is home to major organizations such as NASA's Michoud Assembly Facility employing thousands in the aerospace industry and Folger's Coffee Company a premier coffee roasting facility. The businesses in the Park generate billions of dollars in annual sales, employ approximately eight thousand area and regional residents and pump substantial dollars into the tax base which covers supportive public services.

The New Orleans Regional Business Park has six class one rail roads operating in the Park. The New Orleans Public Belt Railroad provides outstanding interconnect rail services for rail clients in the New Orleans Region. The Business Park is well positioned for our growing regional and global markets.

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Why NORBP?

Property Tax Abatements and Credits

• 50% Bonus Depreciation
• Rehabilitation Tax Credit
• Restoration tax abatement
• Industrial Property Tax
Exemption Program
• State Historic Tax Credits
• Inventory tax credit programs
• Quality Jobs Program
• Enterprise Zone Program
• On-the-Job Training
• Incumbent Worker Training
• Customized Training
• Work opportunity credit
• Enterprise Zone
• Renewal Community
• Commercial Revitalization
Deduction
• Zero Percent Capital Gains Rate
• Wage Credit
• Increased Section 179 Deduction
• New Market Tax Credits
• Gulf Opportunity Zone
Tax-Exempt Bonds
• Industrial Revenue Bonds
• Payment in Lieu of Taxes
(PILOT)

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