A program of Cultural Economy Initiative Under the direction of the

1. A program of Cultural Economy Initiative Under the direction of the Office of the Lt. Governor through the Office of Cultural Development

2. Cultural Economy Initiative

3. Cultural Districts • Background: • Cultural Economy Initiative • 148,000 jobs in 2009 • Tax incentive research in 2007 encouraged • Artist based incentives • Industry based incentives • Place based incentives

4. Cultural Districts • Program Purpose: • For local governments to revitalize communities by creating locally driven hubs of cultural activity • Build on cultural resources that play a vital role in cultural development of the district • Engage in the promotion, preservation, and education aspects of the art and culture of the district • Benefits: • Increased occupancy, cultural activity, commerce, • jobs, and sense of community identity

5. July 2012 ~ 63 Cultural Districts in 37 towns and 25 parishes across the state Downtown Historic New Iberia Cultural District West End Historic Cultural District Old Mandeville Cultural District Eunice Prairie Cajun Cultural District Midtown Cultural District of Abita Springs Houma Cultural District Fontainebleau Cultural District Covington Cultural District Grand Isle & Cheniere Caminada Cultural District Deux Bayous Cultural District Old Algiers Cultural District Bayou Road / African American Cultural District Lower Garden District Cultural District Museum-City Park Cultural District Lower Ninth Ward Cultural District Oak Street Riverbend Cultural District Magazine Street Gallery Downtown Development District Cultural District Freret-Claiborne Cultural District Lafitte Greenway Cultural District St. Claude Corridor Cultural District Viet Village Cultural District Rampart-Basin Street Corridor Cultural District Gentilly-Ponchartrain Park Cultural District Lincoln Beach Lake Development Cultural District Oretha Castle Haley Boulevard Cultural District French Quarter Cultural District City of Gretna Cultural District City of Slidell Olde Towne Cultural District Federal City, Tunisburg & Algiers Point Cultural District Madisonville Cultural District Natchitoches Historic District Alexandria Cultural District Baton Rouge Arts & Entertainment Cultural District Charlestown Cultural District Riverside Cultural District of Monroe Shreveport Downtown Cultural District South Broad Street Cultural District West Monroe Cultural District St Francisville Downtown Cultural District Hammond Cultural District Abbeville Cultural and Heritage District Village of Grand Cane Cultural District Irish Channel Cultural District Perkins Road Arts District Downtown Lafayette Cultural District Minden Art and History Cultural District Cottage Shops Cultural District - Lake Charles Main Street Crowley Cultural District Town of Welsh Cultural and Historic District Mid City Cultural District Baton Rouge Highland Community Cultural District Shreveport City of Denham Springs Cultural District Downtown DeRidder Cultural District Breaux Bridge Cajun Creole Cultural District Grand Coteau Cultural District Ascension Parish Cultural District City of Donaldsonville Historic Cultural District Old South Baton Rouge Cultural District Sunset Cultural District Tallulah Historic Cultural District Opelousas Cultural District University Uptown Cultural District

6. 63 districts in 37 towns and 25 parishes

7. Program Incentives: • Historic Preservation – expands eligibility of state historic tax credits for rehabilitation ofcommercial and residential structures to cultural districts • Visual Arts and Crafts – state and local sales tax shall not apply to original, one-of-a-kind works of art

8. Historic Preservation • Tax Credit Programs* • State Residential Tax Credit • State Commercial Tax Credit • If applicable, Federal Historic Rehabilitation Tax Credit for Commercial Buildings • Check www.louisianahp.org for details • *Separate applications by property owner required

10. Visual Art Sales Tax Exemption Original art must meet all 5 of the following points: • Visual Art and Fine Crafts • Original • One-of-a-kind • Conceived and made by hand of artist or under his direction • Not intended for mass production

11. Eligible Visual Arts and Crafts • Include, but not limited to: drawing, painting, sculpture, clay, ceramics, fiber, glass, leather, metal, paper, wood, or mixed media • Limited numbered editions (up to 100) of hand made prints such as lithographs, photography, silk screen, intaglios, etching • Certificate of Exemption must be completed for each sale • State and local tax reports must be submitted

15. Annual Reporting Requirements (by the LGA) • Annual updates of Business List • The local governing authority must complete an Annual Report on the impact of the cultural district related to the criteria presented in the application • The report includes information about overall sales and tax exemptions by cultural businesses, obtained from the parish tax administrator

16. 2012 Annual Report Results Rehabilitation Historic Buildings– 397 commercial, 195 residential applications. Sales Tax Exemptions– 543 businesses, 218 organizations, 17,733 events, and 4,256 artists benefitted, representing over $13 million of original art sales Hubs of Cultural Activity– 2,794 cultural events, 3.3 million people Vacant Buildings– Vacancy rate decreased by 2% - 20% New Businesses– 532 net growth in cultural businesses Program Recognition as Model– Mayors' Institute on City Design's (MICD), Creative Placemaking

17. www.crt.la.gov/culturaldistricts Gaye Hamilton, Cultural District Program Manager at Phone: 225.342.8161 or Email: ghamilton@crt.la.gov For Tax Credits: Jessica Richardson, Tax Credit Program at Phone: 225.219-9771 or jrichardson@crt.la.gov