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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
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
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.
new market initiatives3
New Market Initiatives
  • Renewal Communities
  • Housing Partnerships
  • BusinessLINC
renewal communities
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.
renewal communities5
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.
renewal communities6
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.
renewal communities7
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

entergy lhcdc partnership
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.
entergy lhcdc partnership9
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.
slide10

BusinessLINC

Learning

Information

Networking

Collaboration

what is businesslinc learning information networking collaboration

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.

mentor prot g plan plan shall include business strategies objectives and goals

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.

benefits to larger companies

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