In 2001, Larry Kinlaw, then Special Assistant to Governor Mike Foster, recognized the tremendous economic value of federal Renewal Community designations and submitted applications to help in retaining and expanding business in Louisiana. As a result of the efforts of Larry Kinlaw, Louisiana received four designations, more than any other state in the South and equal only to California in the nation.
 
The benefits are directed to 26 parishes and have the ability to impact 12,000 existing businesses and 600,000 people over the next seven years with an estimated value of over 900 million dollars. These benefits are tax incentives for new and existing businesses to provide new jobs and rehabilitate and build new facilities, with the goal of reducing unemployment and poverty.
 
If you are interested in taking advantage of these federal tax benefits for your business or helping businesses in your community benefit from these incentives, Larry Kinlaw & Associates can help.
 
If you are interested in being prepared to participate in the next round of Renewal Community designations, Larry Kinlaw & Associates can help. This process takes time and a lot of coordination but it is well worth the effort to be included in a Renewal Community designation. Ask any business who is located in an existing Renewal Community or a local government who has seen business expand or locate to their community because of the Renewal Community designation.

The Renewal Community Tax Initiative provides federal tax incentives to businesses that invest, conduct business or hire people who live in a designated area of the community called the Renewal Community Zone.