Bioscience, or life science, can be defined as an ever-evolving interplay of biology, health and technology in research, innovation and commercialization. It involves not only medical enterprises, but also biotechnology and environmental research for sustainability.
Some of the nation’s largest hospital construction projects are under way in New Orleans new BioDistrict. This activity is not only enhancing the health care available for the local population but also positioning New Orleans as a health care hub that offers highly specialized services not commonly available elsewhere to attract patients from outside of Louisiana.
The BioDistrict is also home to New Orleans Bioinnovation Center with 66,000 square feet of state of the art wet lab, office and conference space. The Center offers pre-startups, startups and growing life science companies unparalleled access to the area’s leading researchers and business resources to commercialize and expand product reach to ensure sustainability.
Top researchers and scientists are discovering the great opportunities for employment and study in New Orleans
The BioDistrict is home to approximately 30,000 jobs. Approximately half of the jobs are directly generated by the major institutions in the BioDistrict. While there is substantial growth potential in the health care sector, it is already the primary economic driver of the area, accounting for nearly a quarter of all of the present jobs within the BioDistrict. Learn more about the BioScience workforce here
Research & Development
Provides up to a 40% tax credit for Louisiana businesses (based on employment) that conduct research and development activities in Louisiana
Technology Commercialization Credit and Jobs Program
Provides up to 40% refundable tax credit on costs related to the commercialization of Louisiana technology and a 6% payroll rebate for the creation of new jobs
The New Orleans BioInnovation Center has developed an integrative pathway of transitioning discoveries out of the lab and into commercial opportunities. Companies housed in the New Orleans BioInnovation center include:
For the full list of BioInnovation Center tenants, click here.