A. The following general principles will direct the administration of the Entertainment Workforce Training Award Program.
- 1. LEDC shall serve as the single review board for this Entertainment Workforce Training Award Program, which is to be administered by LED, through OEID and WFD.
- 2. Training awards are not to be construed as an entitlement for companies located or locating in Louisiana; and such awards shall be subject to the discretion of LED.
- 3. LED shall negotiate with each company seeking an award, based on the individual merits of each project.
- 4. Contracts for awards shall contain "clawback" (or refund) provisions to protect the state in the event of a default.
- 5. Award funds shall be utilized for the approved training project only.
Authority Note
AUTHORITY NOTE: Promulgated in accordance with R.S. 36:104, 36:108, 51:2312, and 51:2331 et seq.
Historical Note
HISTORICAL NOTE: Promulgated by the Department of Economic Development, Office of the Secretary, Office of Business Development, and the Louisiana Economic Development Corporation, LR 35:55 (January 2009).