Overview
The purpose of the Economic Development Award Program is to
assist publicly owned infrastructure for industrial or business
development projects that promote targeted industry economic
development and that require state assistance for basic
infrastructure development.
Benefits
Provides a minimum of $50,000 for publicly owned infrastructure
for industrial or business development projects.
Eligibility
Eligible applicants are public or quasi-public state entities or
political subdivisions of the state, along with a private company
who will be the primary beneficiary of the award. Preference will
be given to projects for industries identified by the state as
target industries and to projects located in areas of the state
with high unemployment levels.
The minimum award request is $50,000.
Projects must create or retain at least 10 permanent jobs in
Louisiana.
Eligible project costs may include, but are not limited to:
engineering and architectural expenses, site acquisition, site
preparation, construction expenses, building materials and capital
equipment.
For comprehensive rules and details on eligibility, please
review Related Content below and contact the
appropriate administrator.
How to Apply
To apply for funding through the Louisiana Economic Development
Corporation (LEDC), the following procedure must be followed:
- Submit an EDAP Pre-Qualification Form in the Related Content section for review and
approval.
- If approved, a full application must be filed by
public/quasi-public entity and private company.
- Application is reviewed for completeness and content by the
program specialist, and an economic impact analysis is prepared by
Louisiana Economic Development's statistician.
- Application is then presented to LEDC for approval.
- Contract is prepared in accordance with the state's approval
process.
Related Content
Administration
This program is administered by Louisiana Economic Development
through Louisiana Economic Development Corporation.
For information regarding EDAP, contact the program
administrators:
Susan Bigner
225.342.5651
sbigner@la.gov
Clark Forrest, CEcD
225.342.1130
forrest@la.gov
