La. Admin. Code tit. 13 § I-5111

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

Section I-5111 - Selection Criteria

A. LED will consider various factors when determining which applications will be funded. Among the factors which may be taken into consideration are the following;

1. nominations of eligible small businesses recommended by REAL;

2. disbursing of funding statewide;

3. number of employees to be relocated to Louisiana;

4. nature of industry;

5. nature of business entity created in Louisiana, i.e. whether original out of state entity is dissolved, or reorganized and merged into a new Louisiana entity, or whether registering as a foreign entity authorized to do business in Louisiana.

6. availability of funding; and

7. best interests of the state.

La. Admin. Code tit. 13, § I-5111

Promulgated by the Department of Economic Development, Office of the Secretary, LR 491033 (6/1/2023).

AUTHORITY NOTE: Promulgated in accordance with R.S. 36:104 and 51:2402.