cd presentation 201206
TRANSCRIPT
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A program of
Cultural Economy Initiative
Under the direction of the
Office of the Lt. Governor through theOffice of Cultural Development
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Cultural Economy Initiative
Sustaining the people who createand preserve artistic and cultural
products and assets
Enhancing capacity forproduction
Developing new markets for theircreations
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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
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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 culturaldevelopment of the district Engage in the promotion, preservation, and educationaspects of the art and culture of the district
Benefits:Increased occupancy, cultural activity, commerce,
jobs, and sense of community identity
Cultural Districts
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There are 62 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 DistrictRampart-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 DistrictDowntown 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
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1. Historic Preservation expands eligibilityof state historic tax credits forrehabilitation ofcommercial and
residential structures to cultural districts
2. Visual Arts and Crafts state and localsales tax shall not apply to original, one-of-a-kind works of art
Program Incentives:
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Tax Credit Programs*
1. State Residential Tax Credit
2. State Commercial Tax Credit
3. If applicable, Federal HistoricRehabilitation Tax Credit for CommercialBuildings
Checkwww.louisianahp.org for details
*Separate applications by property owner required
Historic Preservation
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Original art must meet all 5 of thefollowing points:
Visual Art Sales Tax Exemption
1. Visual Art and Fine Crafts2. Original3. One-of-a-kind
4. Conceived and made by hand of artistor under his direction5. Not intended for mass production
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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) ofhand made prints such as lithographs,photography, silk screen, intaglios, etching
Certificate of Exemption must be completedfor each sale
State and local tax reports must be submitted
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Annual Reporting Requirements(by the LGA)
Annual updates of Business List
The local governing authority must complete
an Annual Report on the impact of thecultural district related to the criteriapresented in the application
The report includes information about overall
sales and tax exemptions by culturalbusinesses, obtained from the parish taxadministrator
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2011 Annual Report Results
Rehabilitation Historic Buildings233 commercial, 59
residential applications.
Sales Tax Exemptions480 businesses, 161
organizations, 901 events, and 3,165 artists benefitted
Hubs of Cultural Activity1358 cultural events, 5.5
million people
Vacant BuildingsVacancy rate decreased by 2% - 20%
New Businesses
682 net growth in cultural businessesProgram Recognition as ModelMayors' Institute on
City Design's (MICD), Creative Placemaking
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www.crt.la.gov/culturaldistricts
Gaye Hamilton, Cultural District Program Manager at
Phone: 225.342.8161 or Email: [email protected]
For Tax Credits: Jessica Richardson, Tax Credit Program atPhone: 225.219-9771 [email protected]