LAC 13:III.151. Preamble and Purpose

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.