Economic Development District
We have two locally classified Economic Development Districts (EDD) within our neighborhood:
Florida Boulevard Economic Development District
Baton Rouge North Economic Development District
Economic Development Districts are special taxing districts established by a governmental body to provide funding for economic development projects within a well-defined geographical area. EDDs subject properties in a specific geographic area to taxes used for a “special purpose.”
EDDs can be any size, from a single building to all property controlled by a city or parish (Governing Authority). Typically, the Governing Authority will use an EDD to strengthen a community’s economy by encouraging cooperative public private development efforts, attracting new real estate projects, creating new jobs and increasing the tax base.