High-Impact Jobs Program
Louisiana's High-Impact Jobs Program awards grants to companies creating new, above-average-wage jobs, with higher wages earning larger incentives to boost high-quality employment statewide.
Funder: Louisiana Economic Development
Due Dates: Rolling
Funding Amounts: Reimbursable grants of 8%–22% of wages per new job; initial 3-year term, renewable for 2 additional years; no explicit cap.
Summary: Supports Louisiana companies of all sizes that create new, above-average-wage jobs, with higher wages earning larger grants.
Key Information: Sole proprietorships and certain industries (e.g., gaming, retail, utilities) are ineligible.
Description
The High-Impact Jobs Program (HIP), administered by Louisiana Economic Development, incentivizes Louisiana-based companies to create new, high-wage jobs that exceed the average wage in their parish. The program provides reimbursable grants based on the wages paid for each qualifying new job, with higher wages resulting in higher grant percentages. The program is open to businesses of all sizes, except for certain excluded industries and sole proprietorships. Its goal is to drive economic growth and increase well-paying employment opportunities throughout the state.
