cd presentation 201206

Upload: rinisweet4

Post on 04-Apr-2018

216 views

Category:

Documents


0 download

TRANSCRIPT

  • 7/29/2019 CD Presentation 201206

    1/17

    A program of

    Cultural Economy Initiative

    Under the direction of the

    Office of the Lt. Governor through theOffice of Cultural Development

  • 7/29/2019 CD Presentation 201206

    2/17

    Cultural Economy Initiative

    Sustaining the people who createand preserve artistic and cultural

    products and assets

    Enhancing capacity forproduction

    Developing new markets for theircreations

  • 7/29/2019 CD Presentation 201206

    3/17

    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

  • 7/29/2019 CD Presentation 201206

    4/17

    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

  • 7/29/2019 CD Presentation 201206

    5/17

    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

  • 7/29/2019 CD Presentation 201206

    6/17

  • 7/29/2019 CD Presentation 201206

    7/17

    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:

  • 7/29/2019 CD Presentation 201206

    8/17

    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

  • 7/29/2019 CD Presentation 201206

    9/17

  • 7/29/2019 CD Presentation 201206

    10/17

    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

  • 7/29/2019 CD Presentation 201206

    11/17

    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

  • 7/29/2019 CD Presentation 201206

    12/17

  • 7/29/2019 CD Presentation 201206

    13/17

  • 7/29/2019 CD Presentation 201206

    14/17

  • 7/29/2019 CD Presentation 201206

    15/17

    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

  • 7/29/2019 CD Presentation 201206

    16/17

    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

  • 7/29/2019 CD Presentation 201206

    17/17

    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]