LAC 13:V.211. Application Procedure

A. The applicant(s) must submit to LED an application, which may be in letter form or in a more formal application format, which shall contain, but not be limited to, the following: 1. an overview of the company, its history, and the business climate in which it operates, including audited or certified financial statements and business projections; 2. preliminary or final construction, operation or other plans and a timetable for the project, including the time period for which the rapid response funding is necessary; 3. evidence as to the need for immediate funding; 4. a detailed description of the anticipated or proposed use or expenditure of the funds sought for the project; 5. evidence of the number, types and compensation or payroll levels of the jobs to be created and/or retained which will be filled with employees by the company in connection with the project, and the amount of capital investment to be made for the project; 6 details of the health insurance coverage that is or will be offered to employees at all levels of the company; 7. the period of time for which the company will commit to maintain the newly created and/or retained jobs and their compensation or payroll levels; 8 the application must demonstrate adherence to and overall consistency with the general principles and criteria set forth above; and 9. the application is to set forth facts and representations that in addition to those required by Paragraphs 1 - 8 above, fulfill the general principles of §205, the eligibility requirements under §207, and meet the criteria set forth in §209 above, in order to qualify for an award under this program.