La. Admin. Code tit. 13 § III-305

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

Section III-305 - General Principles

A. The following general principles will direct the administration of the Workforce Development and Training Program:

1. LEDC shall serve as the single review board for this Workforce Development and Training Program which is to be administered by LED;

2. training awards are not to be construed as an entitlement for companies located or locating in Louisiana; and such awards shall be subject to the discretion of the LEDC Board;

3. awards must reasonably be expected to be a significant factor in a company's location, investment, expansion and/or training decisions;

4. awards must reasonably be demonstrated to result in the enhanced economic well-being of the state and local communities;

5. the anticipated economic benefits to the state will be considered as a requirement in making the award;

6. awards will be coordinated with the existing plans and programs of other government agencies whenever appropriate;

7. a train-the-trainer approach will be adopted whenever appropriate in order to strengthen the institutional capacity of public and private sector training providers; and

8. award funds shall be utilized for the approved training project only.

La. Admin. Code tit. 13, § III-305

Promulgated by the Department of Economic Development, Economic Development Corporation, LR 23:44 (January 1997), amended by the Department of Economic Development, Office of the Secretary, LR 23:1641 (December 1997), LR 25:242 (February 1999), LR 25:1665 (September 1999), LR 26:242 (February 2000), amended by the Department of Economic Development, Office of Business Development, Business Resources Division, LR 29:1065 (July 2003), LR 35:884 (May 2009).

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2312 and 2331 et seq.