La. Admin. Code tit. 13 § I-5103

Current through Register Vol. 50, No. 11, November 20, 2024
Section I-5103 - Definitions.
A. Terms not otherwise defined in this Chapter shall have the same meaning given to them in R.S. 51:2402, unless the context clearly requires otherwise.
B. In this Chapter, the following terms shall have the meanings provided herein, unless the context clearly indicates otherwise.

Applicant-a person requesting a grant award from LED under this program.

Business Operations-the location where significant administrative or managerial activities of a business are conducted and research and development work is performed.

Department-Louisiana Department of Economic Development.

Federal Notice of Award-a document issued by a federal agency evidencing approval of a Phase II SBIR or Phase II STTR application, including but not limited to amount of funding awarded, agreement number and topic number.

LED-Louisiana Department of Economic Development.

LED Grant Letter-a letter issued by LED to a person for a particular calendar year, setting forth the amount, terms and conditions of the grant.

Out of State Small Business-a business domiciled outside of Louisiana that qualifies as a small business according to the United States Small Business Administration's size standards.

Person-any natural person or legal entity including an individual, corporation, partnership, or limited liability company.

REAL-Regional Economic Alliance of Louisiana.

Recruitment Fund-Small Business Innovation Recruitment Fund.

Relocate-relocate business operations from an out of state location to Louisiana. The company shall be required to maintain a physical location in this state, be licensed to conduct business in this state and shall be required to file a Louisiana income tax return.

Secretary-Secretary of the Louisiana Department of Economic Development.

La. Admin. Code tit. 13, § I-5103

Promulgated by the Department of Economic Development, Office of the Secretary, LR 491032 (6/1/2023).
AUTHORITY NOTE: Promulgated in accordance with R.S. 36:104 and 51:2402.