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Area Development

Area Development. The Entergy name and logo are registered service marks of Entergy Corporation and may not be used without the express, written consent of Entergy Corporation. . New Market Initiatives.

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Area Development

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  1. Area Development The Entergy name and logo are registered service marks of Entergy Corporation and may not be used without the express, written consent of Entergy Corporation.

  2. New Market Initiatives • An initiative for community development entities including community development banks or venture funds, community development corporations, new markets venture capital companies and small business investment companies to focus on low and moderate income communities. • Entergy’s CEO Wayne Leonard was appointed as the first Chairman for the Delta Region New Market Initiatives BusinessLINC.

  3. New Market Initiatives • Renewal Communities • Housing Partnerships • BusinessLINC

  4. Renewal Communities • Wage credits: Up to $1,500 or 15% of an employee’s salary up to $10,000 for each employee who lives and works in the Renewal Community. • Increased Section 179 Deduction: Allows businesses to take a deduction of up to $35,000 on equipment purchases. That lets businesses deduct all or part of the equipment cost the year it is purchased instead of deducting the expense over time.

  5. Renewal Communities • Commercial Revitalization Deduction: Allows businesses that construct or rehabilitate commercial property to deduct a portion of the cost over a shorter period of time than permitted under standard depreciation rules.

  6. Renewal Communities • *Qualified Zone Academy Bonds: State OR local governments can issue bonds at no interest to them to finance certain public school programs IN SCHOOLS that have at least 35 percent of students eligible for free or reduced-cost lunch program. Private businesses must contribute money, equipment or services equal to 10 percent of bond proceeds. The federal government pays the interest in the form of tax credits. • Zero Percent Capital Gains Rate: A business that holds an asset for at least five years does not have to pay taxes on the profit of its sale.

  7. Renewal Communities • **New Markets Tax Credit: Investors in qualified projects can obtain a tax credit of 5 or 6% of the amount invested for each year the investment is held, for up to seven years of the credit period. • *Low Income Housing Credit: Ten year credit for owners of newly constructed or renovated rental housing who set aside a number of units for lower income residents. The state must allocate a portion of its annual cap. * Also available outside Renewal Communities ** Available in a limited capacity outside Renewal Communities

  8. Entergy-LHCDC Partnership • Entergy Louisiana formed a partnership with the Louisiana Housing and Community Development Corporation (LHCDC) in the year 2000. • Both committed $580,000 each to a revolving loan fund to build moderate and low income homes in the state of Louisiana.

  9. Entergy-LHCDC Partnership • Since 2000, built over 75 houses with state partners. • 2006: Built 11 houses and started repairing 88 apartments for displaced N.O. residents.

  10. BusinessLINC Learning Information Networking Collaboration

  11. WHAT IS BusinessLINC?(Learning, Information, Networking, Collaboration) … a partnership between America’s business community, the federal government, and community organizations. The program is designed to: stimulate business-to-business relationships provide one on one technical advice and consulting conduct classroom and group training facilitate peer group consulting, strategic alliances, supplier and marketing assist small businesses to compete successfully The goal is to encourage large corporations to work with small business owners and entrepreneurs in America’s rural areas and inner cities.

  12. MENTOR/PROTÉGÉ PLANPlan shall include business strategies, objectives and goals. BusinessLINC success will be measured by: An increase in the protégé firm’s technical and business capability, industrial competitiveness, client base expansion and improve financial stability. An increase in the number and value of contracts, subcontracts, and supplier agreements by small and emerging businesses. The overall enhancement and development of protégé as a competitive business.

  13. BENEFITS TO LARGER COMPANIES Reaching new markets Partnering with emerging companies Cultivation of a world-class supplier base Thriving industries that call for inter-firm collaboration Creating stronger communities and a stronger business environment. BENEFITS TO SMALLER COMPANIES Obtaining technical advice Enhancing management development Leveraging core strengths Assessing sources of financing Increasing marketplace credibility Entering subcontracts and joint ventures

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