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. the business is relocating a headquarters to Louisiana or is expanding headquarters in Louisiana;
   2. 2. the secretary determines that participation in the program will be a significant factor in a highly competitive site selection situation to encourage the business to relocate or expand the headquarters in Louisiana;
   3. 3. the secretary determines that securing the project will result in a significant positive economic benefit to the state; and
   4. 4. relocation or expansion of the headquarters will create at minimum of 25 headquarters jobs.
2. B. A business engaged in the gaming or gambling shall not be eligible for participation in the program.
3. C. 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 Act 503 of the 2012 Regular Session of the Louisiana Legislature.

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Economic Development, Office of Business Development, LR 38:2738 (November 2012).