1. A. The secretary may invite a business to participate in the program, upon determining the business meets all of the following criteria:

   1. 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. 2. the activities of the Louisiana site or sites include at least one of the following:

      1. a. corporate headquarters;
      2. b. logistics;
      3. c. warehousing;
      4. d. data center;
      5. e. clean technology
      6. f. destination health care;
      7. g. research and development;
      8. h. renewable energy;
      9. i. digital media and software development; or
      10. j. any other business sector targeted by the secretary as a focus of the department’s economic development efforts;

   3. 3. except when the business will provide at least 25 new headquarters jobs or shared service center jobs, the business is not primarily engaged in any of the following sectors:

      1. a. retail sales;
      2. b. real estate;
      3. c. professional services;
      4. d. natural resource extraction or exploration;
      5. e. financial services; or
      6. f. venture capital funds;
   4. 4. the business is not engaged in gaming or gambling.
2. B. At the invitation of the secretary, a business may apply for participation in the program by submitting certified statements and substantiating documents as required by LED.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:4401.

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Economic Development, Office of Business Development, LR 38:2739 (November 2012).