1. 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. 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. 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. 3. evidence as to the need for immediate funding;
   4. 4. a detailed description of the anticipated or proposed use or expenditure of the funds sought for the project;
   5. 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. 6 details of the health insurance coverage that is or will be offered to employees at all levels of the company;
   7. 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. 8 the application must demonstrate adherence to and overall consistency with the general principles and criteria set forth above; and
   9. 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.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 36:104 and 36:108.

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Economic Development, Office of the Secretary, LR 31:422 (February 2005), amended LR 35:889 (May 2009).