LAC 13:I.5111. Selection Criteria

A. LED will consider various factors when determining which applications will be funded. Among the factors which may be taken into consideration are the following; 1. nominations of eligible small businesses recommended by REAL; 2. disbursing of funding statewide; 3. number of employees to be relocated to Louisiana; 4. nature of industry; 5. nature of business entity created in Louisiana, i.e. whether original out of state entity is dissolved, or reorganized and merged into a new Louisiana entity, or whether registering as a foreign entity authorized to do business in Louisiana. 6. availability of funding; and 7. best interests of the state.