What is Economic Development

By definition, economic development includes programs, policies, or activities that seek to improve the well-being and quality of life of our communities. We understand that this can mean something different to everyone, including a large new industrial project, new infrastructure, or simply community development. We are continually working to improve the business climate and ensure that our existing businesses are successful, our communities are well-positioned for investment, and our residents have opportunities to live, work and grow in Vermilion Parish. 

Our 4 Key Focus Pillars of Economic Development

Community Development

We seek to build community, business, and government partnerships that will further our mission.

Business Retention & Expansion

Our #1 priority is to support our existing businesses.

Workforce Development

We support the training and development of a skilled workforce as a critical component of business success.

New Business Development

Supporting smart growth to create a sustainable economy.

Our Services

How VEDA can help you and your business

Workforce & Education Initiatives

By offering workgroups, training, and recruitment events, the Alliance elevates the voice of the business community to reach job seekers and build the workforce of the future.

Business Visitation Program

Our team is ready to learn more about your business through our visitation program. By understanding the opportunities and challenges our businesses are facing, we can help promote what you do and identify resources to meet your current needs.

New Business Startups

We can leverage resources and partnerships that will help you create a successful business plan, marketing strategy, or market analysis.

Site Selection

We help businesses identify available sites and buildings for location and expansion. We can also assist in making your site development ready.

Business Relocation

We can provide customized market research and assistance for businesses looking to locate in our area.

Resource Matching

We can help you navigate and identify the tools and resources your business needs through our network of partners.


State and local resources provide customized incentive packages to companies who invest in our people and our economies.

You can apply and track your incentive status through FastLane – Louisiana’s Online Incentive Management System.

If you are planning to expand or relocate in Vermilion Parish, contact our office to discuss incentives that may apply to your project.

Some standard incentives include:


Quality Jobs Rebate

Cash rebate on payroll for new direct jobs


LED Fast Start

Employee recruitment, screening, and training at no cost to the company


Industrial Tax Exemption Program

Property tax abatement on qualifying capital investment


Enterprise Zone

Jobs incentive program providing Louisiana income and franchise tax credits based on new job creation


Angel Investor Tax Credit

Up to 25% tax credit for investments in early stage, wealth-creating businesses that seek start-up and expansion capital


Federal Opportunity Zone

Designated low-income areas eligible for additional federal tax incentives for long-term growth


Restoration Tax Abatement

Up to 100% property tax abatement for up to five years for the rehabilitation of an existing structure located within economic development districts


Workforce Training

Incumbent Worker Training Program and Small Business Training Program offer training and skill development for existing employees, with both standard and customized options available

Infrastructure Assets

The parish is the largest geography of the growing and prosperous Lafayette Metropolitan Statistical Area with over 1,500 square miles within its borders.

The welcoming people, gorgeous sunsets and variety of home-grown businesses lend to the parish’s tradition and charm while the opportunity to grow exists with acres of developable property in each of Vermilion’s communities.


Port of Vermilion

Managed by the Abbeville Harbor & Terminal, the Port of Vermilion is 8 miles south of Abbeville on the west bank of the Vermilion River, 8 miles north of the US Gulf Intracoastal Waterway (GIWW) and Freshwater Bayou (FWB). Access is via FWB and GIWW with a controlling depth of 12 feet.


Port of Delcambre

The Twin Parish Port Commission regulates and maintains two public docks for parking of recreational and commercial vessels.
The Port also owns 25 acres south of Delcambre on the Delcambre Canal and is the site of its industrial facilities.


Chris Crusta Memorial Airport

Lease space for aviation-related businesses is managed by the City of Abbeville. The airport serves the Gulf of Mexico and local flights.


Deere Park

Business park with available space and a certified site on Highway 167 north of Abbeville.


  • Vermilion Parish Job Fair
  • Business Visitation Program
  • Acadiana Seafood Hub
  • Hometown Revitalization Program
  • Workforce Training
  • Business Training
  • Louisiana Development Ready Communities
  • Vermilion Trail Coalition
  • Small Business Saturday
  • Farmers’ Appreciation Event

Key Industries

Oil & Gas Industry Services

Agriculture & Aquaculture

Hospitality & Tourism

Healthcare Services

Ready to learn more about Vermilion Parish?