The Louisiana Economic Development agency is proposing to change a state incentive that gives companies an annual rebate on a portion of their payroll and sales taxes, and two prominent business groups think it’s a bad idea.
Andrey Kunatbaev made his fortune in the television business in his native Russia. He says he cashed out of his Russian holdings to do business abroad because he didn’t like his country’s direction under Vladimir Putin, though he still lives in Russia part of the year.
Plans are still being finalized, but Visit Baton Rouge is planning to spend around $200,000 to sponsor the Garth Brooks concert in Tiger Stadium on April 30.