Louisiana Administrative Code
Title 13 - ECONOMIC DEVELOPMENT
Part III - Financial Assistance Programs
Chapter 1 - Economic Development Award Program (EDAP), Economic Development Loan Program (EDLOP) and Economic Development Site Readiness Program (EDRED)
Subchapter C - Economic Development Site Readiness Program (EDRED)
Section III-151 - Preamble and Purpose
Current through Register Vol. 51, No. 3, March 20, 2025
A. A robust inventory of sites suitable for business and industrial location and expansion, having characteristics that are competitive with site offerings available in other states and availability for such projects within a short time frame, is essential to economic development in the state. Increasing the number of suitable sites, and eliminating or mitigating factors associated with these sites that can cause uncertainties and delays in project development, will enhance the state's ability to secure these projects and thereby increase the number of jobs in the state.
B. The purpose of this program is to provide financial assistance for readying sites that will be useful in promoting the state as a business and industrial location.
AUTHORITY NOTE: Promulgated in accordance with R.S. 36:104, 36:108, 51:2302, 51:2312, and 51:2341.
