The Greater Bossier Economic Development Foundation has played major roles in developing new projects for business in our market. Whether you are an existing business employing local people or a new business starting in our market, we determine the participation level by factors common in all projects some of which are:

• The number of NEW jobs created
• The amount of investment you will be making in an expansion or new facility
• Does your business fit the overall model of the community?

There of course will be other factors involved both on the GBEDF side as well as yours. GBEDF only makes investments in infrastructure development. We typically do not work towards cash grants. Here is a case study that might give you a better idea of what has been accomplished in the past.

• Cellxion, Inc.
• Opened in Bossier City 1998
• GBEDF assisted by providing $150,000 for site improvements
• 1999 GBEDF Assisted in securing $75,000 LA EDAP Grants to improve load bearing capacity of the road for truck deliveries
• This investment yielded to the Community:
• 503 jobs
• $27,403,000 Corporate Investment
• $170,405,000 in Annual Sales
• Win/Win for all.

Industrial Property Tax Exemption

• Available for new or expanding manufacturing businesses
• 5 year 100% property tax exemption with the option to renew for an additional 5 years
• Exemption includes the purchases of
• All improvements to land
• Machinery and Equipment
• Furniture and Fixtures

• Imported materials/components into the U. S. pay no duty until they enter the market
• Goods shipped out of the country, from the foreign trade zone, are duty free
• Located at the Port of Shreveport-Bossier

• Eligibility requirements
• Rehabilitation or renovation of buildings and structures located in the Downtown Development Area
• Buildings and structures must have been constructed prior to 1960

• Administered by the City of Shreveport
• Eligibility requirements
• Creation of at least 10 new full-time jobs
• Investment of at least $1 million in a new business or in the expansion or relocation of an existing business
• Applicant must be part of the automotive industry