High-Impact Jobs Program (HIP)
The High-Impact Jobs Program (HIP) by Louisiana Economic Development rewards companies creating high-wage, full-time jobs to accelerate workforce and economic growth in Louisiana.
Funder: Louisiana Economic Development
Due Dates: Rolling (applications accepted year-round)
Funding Amounts: Up to 22% of wages for new, above-average-wage jobs for 3 years (renewable for 2 more); higher wage = higher grant.
Summary: Reimbursable grants for Louisiana companies creating new full-time jobs that pay above the local parish average wage.
Key Information: Sole proprietorships are not eligible; certain industries excluded.
Description
Louisiana's High-Impact Jobs Program (HIP) is a state-administered incentive that provides reimbursable grants to companies creating new, full-time jobs in Louisiana that pay above the average wage for their parish (county). The program is designed to encourage the creation of high-quality, high-wage jobs and to support workforce and economic development throughout the state. Companies of all sizes are eligible, with higher wage jobs qualifying for higher grant percentages. The program is managed by Louisiana Economic Development (LED).
