Executive Summary

With a population over 95,000 and covering approximately 1,469 square miles, Lafourche Parish has the land, workforce, and quality of life that will help grow and expand your business. Although primarily rural, Lafourche Parish has the infrastructure in place to connect your business to the world. Located 60 miles southwest of New Orleans and 65 miles south of Baton Rouge, Lafourche has the benefit of connectivity without the congestion of more populated areas. Lafourche Parish residents treasure the Parish’s beautiful natural scenery, its fishing, recreation, historic towns, Cajun culture, quality of life, and hospitable neighbors. Lafourche Parish’s motto is “Feeding and Fueling America.” Contact us to see how we can Feed and Fuel your Business.

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Taxes

Corporate Income Tax

• Corporations will pay tax on net income computed at the following rates:
• 3.5% on the first $50,000 of net income
• 5.5% on the next $100,000
• 7.5% on the excess over $150,000

Corporate Franchise Tax Rate

For periods beginning on or after January 1, 2023:

• $2.75 for each $1,000 in excess of $300,000 of capital employed in Louisiana
• Initial corporate franchise tax is $110

Property Tax

• There is no state property tax in Louisiana
• Governing bodies including the Lafourche Parish School Board, Lafourche Parish Sheriff, Lafourche Parish Council, and others set millage rates for the parish. There may be additional millages set for the individual Fire Districts, Recreation Districts, etc. that depend on where the property is located.

Sales Tax

• Louisiana state sales tax rate is $4.45%
• The City of Thibodaux has a sales tax rate of 5.35%, the Town of Golden Meadow has a sales tax rate of 5.40%, and the Town of Lockport has a sales tax rate of 5.15%
• Lafourche Parish sales tax rate ranges from 4.65% - 5.40% outside of incorporated jurisdictions

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Government

Lafourche Parish Government

Lafourche Parish operates under a Home Rule Charter, which provides for separate legislative and executive branches independent of each other. Legislative matters are handled by an elected nine-member Council, while the elected Parish President serves as administrator. The Economic Development Director falls under the direction of Lafourche Parish Government.

Municipalities

There are three incorporated municipalities in Lafourche Parish: Thibodaux, Golden Meadow, and Lockport. Each community has an elected Mayor.

Industrial Development Board of the Parish of Lafourche, Inc.

The Industrial Development Board was formed to assist the Parish with economic development projects. The volunteer Board of Directors works with governing bodies of Lafourche Parish to evaluate and coordinate possible incentives for new and expanding businesses.

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Recreation

• Lafourche Parish offers a number of outdoor activities including hunting, fishing, camping, golfing, birding, kayaking, and plenty of other outdoor adventures including airboat and swamp tours
• Lafourche Parish has three golf courses and several recreational districts which offer amenities such as parks, walking tracks, public boat launches, baseball fields, soccer fields, and community recreation centers
• Nicholls State University sports consist of football, basketball, baseball, softball, tennis, and soccer
• Known for our food, Lafourche Parish has plenty of restaurants for your dining pleasure, which include farmer’s markets
• Local attractions include a number of museums and historical sites, elevated wetlands boardwalk, Veteran’s Memorial, and the Chef John Folse Culinary Institute
• Lafourche Parish is the home of several festivals including the French Food Festival, Acadia Music Fest, Golden Meadow-Fourchon Tarpon Rodeo, and Mardi Gras festivities
• Travel to Lafourche Parish and stay in your choice of a local bed and breakfast, cabin, campground or RV park, or a traditional hotel

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Additional Information

Lafourche is also home to Nicholls State University, Fletcher Technical Community College campus, and the Career Magnet Center.

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