La. Admin. Code tit. 13 § I-4103

Current through Register Vol. 50, No. 11, November 20, 2024

Section I-4103 - Eligibility Requirements; Invitation to Participate; Application

A. The secretary may invite a business to participate in the program, upon determining the business meets all of the following criteria:

1. at least 50 percent of the total annual sales of the business from its Louisiana site or sites is to out-of-state customers or buyers, or to in-state customers or buyers who resell the product or service to an out-of-state customer or buyer for ultimate use, or to the federal government, or any combination thereof;

2. the activities of the Louisiana site or sites include at least one of the following:

a. corporate headquarters;

b. logistics;

c. warehousing;

d. data center;

e. clean technology

f. destination health care;

g. research and development;

h. renewable energy;

i. digital media and software development; or

j. any other business sector targeted by the secretary as a focus of the department's economic development efforts;

3. except when the business will provide at least 25 new headquarters jobs or shared service center jobs, the business is not primarily engaged in any of the following sectors:

a. retail sales;

b. real estate;

c. professional services;

d. natural resource extraction or exploration;

e. financial services; or

f. venture capital funds;

4. the business is not engaged in gaming or gambling.

B. At the invitation of the secretary, a business may apply for participation in the program by submitting certified statements and substantiating documents as required by LED.

La. Admin. Code tit. 13, § I-4103

Promulgated by the Department of Economic Development, Office of Business Development, LR 38:2739 (November 2012).

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:4401.