La. Admin. Code tit. 13 § I-4503

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

Section I-4503 - 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. the business is relocating a headquarters to Louisiana or is expanding headquarters in Louisiana;

2. the secretary determines that participation in the program will be a significant factor in a highly competitive site selection situation to encourage the business to relocate or expand the headquarters in Louisiana;

3. the secretary determines that securing the project will result in a significant positive economic benefit to the state; and

4. relocation or expansion of the headquarters will create at minimum of 25 headquarters jobs.

B. A business engaged in the gaming or gambling shall not be eligible for participation in the program.

C. 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-4503

Promulgated by the Department of Economic Development, Office of Business Development, LR 38:2738 (November 2012).

AUTHORITY NOTE: Promulgated in accordance with Act 503 of the 2012 Regular Session of the Louisiana Legislature.