LT. GOVERNOR LANDRIEU LAUNCHES ALGIERS CULTURAL DISTRICT AND MAIN STREET -- 03/17/2009
Office of Lieutenant GovernorFOR IMMEDIATE RELEASE
March 17, 2009
LT. GOVERNOR LANDRIEU LAUNCHES ALGIERS CULTURAL DISTRICT AND MAIN STREET
WHAT: Lt. Governor Mitch Landrieu will announce two Cultural Districts and a Main Street in Algiers
WHERE: 140 Bouny Street at the intersection of Morgan Street in the Algiers neighborhood of New Orleans
WHEN: Tuesday, March 17, 2009 at 10:30 am
WHO: Lt. Governor Mitch Landrieu
BACKGROUND: Lt. Governor Mitch Landrieu scheduled to announce Algiers's two Cultural Districts and Main Street Tuesday, March 17th at 10:30am.
The Cultural Districts program was created in 2007 to promote economic growth and community revitalization. The program builds partnerships among artists, business owners, and local and state government. The two primary incentives for communities to participate are:
Renovations to historic structures within the district may be eligible for state historic preservation tax credits, and Sales of original, one-of-a-kind works of art within the district are exempt from local and state sales tax.
The Louisiana Main Street Initiative promotes a comprehensive approach that rural and urban communities can use to revitalize traditional commercial area through historic preservation and grassroots economic development.
Since its beginning in 1984, Louisiana Main Street counts among its successes creating over 1,700 new businesses bringing in more than 7,400 jobs with well over $400 million in private and public reinvestment.