LAC 13:I.4705. Eligibility Requirements; Invitation to Participate; Application

A. At the invitation of the secretary or a local governmental entity of a participating parish, a business may apply for participation in the program by submitting certified statements and substantiating documents as required by LED. B. The secretary or a local governmental entity of a participating parish may invite a business to participate in the program, upon the secretary’s determination that the business meets all of the following criteria: 1. at least 50 percent of the total annual sales of the business from its Louisiana site or sites is to out-of-state customers or buyers, or to in-state customers or buyers who resell the product or service to an out-of-state customer or buyer for ultimate use, or to the federal government, or any combination thereof; 2. the business will primarily engage in one of the following activities at the project site: a. corporate headquarters; b. distribution facilities; c. data service centers; d. research and development operations; or e. digital media and software development centers; and 3. the business shall make capital expenditures of at least $25,000,000 for the facility and create and maintain at least 50 new direct jobs during the contract period; 4. except for a business providing at least 50 new headquarters jobs or shared service center jobs, a business primarily engaged in the following types of businesses shall not be eligible for participation in the program: a. retail sales; b. real estate; c. professional services; d. natural resource extraction or exploration; e. financial services; or f. venture capital funds; 5. no business engaged in gaming or gambling operations shall be eligible for participation in this program.