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Louisiana state history is long and colorful, dating back long before it became a state in 1812. The first ownership of this territory appears to have belonged to the French, when the territory came under French crown in 1731. However, in 1763, the French ceded the territory to the Spanish after the French and Indian Wars.

The region came back under French control for a short time at the turn of the century, but Napoleon sold it to the United States a few short years later. It was at this point that Louisiana state history begins with its entrance into the union not long after.

Louisiana state history includes the contribution of many of our natural resources today, including natural gas and petroleum. Many crops are also grown in Louisiana, with some of the best known being sugar cane and cotton.

Other crops include sweet potatoes, rice and soybeans. The city of New Orleans has been a popular tourist destination, with millions flocking to see the annual Mardi Gras celebrations, and many more coming to enjoy the picturesque French Quarter, delectable southern cuisine and diverse entertainment of the region.

In August, 2005, Hurricane Katrina left a devastating path of destruction throughout Louisiana, particularly in the area of New Orleans. This dark spot in Louisiana state history is slowly but surely being overcome, with new building and development occurring all the time. However, it will still be some time before this great city regains its rightful place as the crown jewel of Louisiana state history.

RE/MAX of Louisiana (http://remax-louisiana.com) is the place to find your perfect piece of Louisiana real estate. Billings Farnsworth is a freelance writer. Billings Farnsworth is a freelance writer.

Article Source:

http://EzineArticles.com/?expert=Billings_Farnsworth

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Go Zone Investment Opportunities In Mississippi, Louisiana And Alabama

The US Congress responded to the devastation caused by hurricane Katrina in December 2005 by passing the Gulf Opportunity Zone Act of 2005 (the “GO Zone investment Act”) that provides support to individuals and businesses struck by hurricanes Katrina, Rita and Wilma. This act also offers tax and other financial deductions for companies taking part in the regional process of rebuilding and restoration.

The Congress had previously passed in September 2005 the Katrina Emergency Tax Relief Act of 2005 (KETRA) that provided several tax code changes to benefit Hurricane Katrina victims and the taxpayers who helped the disaster victims. The GO Zone Investment Act has extended a large number of the KETRA provisions to the victims of Hurricane Rita and expanded some benefits to businesses that had been impacted by both hurricanes. The GO zone investment real estate companies have also been offered several tax and financial deductions for offering their support in this area.

The Louisiana Governor has organized an investment seminar which presented Louisiana’s investment opportunities and the appealing incentives provided by the GO Zone Investment Act of 2005, which was also signed by President-elect George W. Bush. The GO zone investment real estate businesses have experienced such a financial growth that the region has been declared the most pro-business investment environment in the history of the United States.

New Orleans has definitely received the biggest share of news coverage in the aftermath of Hurricane Katrina, but we need to understand that other areas of the Gulf Coast were hit just as hard. The governor of Mississippi has described the Biloxi area as an American version of the atomic bombing of Hiroshima.

Thus far, a large part of the GO zone investment real estate opportunity has been focused around rebuilding the casino barges that were literally lifted out of the water and the Biloxi-Ocean Springs Bridge that was practically destroyed. The city and the vicinity areas are staging a dramatic comeback and the reconstruction is starting from almost zero (90% of the ocean front buildings have been destroyed); as such, opportunities abound and there are a number of GO zone investment opportunities in condos, townhomes
1000
and single family homes.

In the Biloxi area, an estimated number of 75,000 new homes need reconstruction over the next few years, and sadly less than 10,000 of these homes have been built in the present. The rebuilding of an entirely new oceanfront of a city is unprecedented in the modern history of the U.S. This is definitely a rare chance for the GO zone real estate investment businesses to create a profitable investment portfolio with the benefit of tax incentives and cash credits as opposed to burdensome regulations and taxes.

The disaster seems to have created several favorable investment factors as far as the business opportunities in the Biloxi area are concerned. The casinos are contributing to the economic growth, the low supply of housing contrasting with the high demand, the upgrading of the transportation system, and the smart money making opportunities to purchase real estate income property are creating a perfect environment for GO zone investment.

By: Ckint Jhonson

Article Directory: http://www.articledashboard.com

The Biloxi area is one of the most profitable GO zone investment environments and many GO zone investment real estate businesses have made huge profits during the past few months by taking advantage by the attractive incentives offered by the government.

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