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Tax credits for new businesses

5 years ago November 09, 2009 Nov 9, 2009 Monday, November 09 2009 Monday, November 09, 2009 4:22:39 PM EST in News
Source: WBRZ

$60 million dollars in federal tax credits are available to anyone interested in opening a new business in any of five East Baton Rouge Parish neighborhoods.

Parish leaders say the Scotlandville, Zion City, Choctaw Drive, Northdale and Melrose East areas are the target for the "New Markets Tax Credits".

The hope is to return investment to areas struggling to attract new businesses.

News 2's Luke Margolis gets answers on how the new plan will benefit both entrepreneurs and residents.

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