- A. A qualified or eligible fund led by a non-profit entity may receive an investment equal to $1 of LEDC funds for each $2 of funds privately raised by the applicant fund. The maximum total dollar amount of an LEDC investment in an eligible fund shall not exceed $10,000,000.
- B. Any other qualified or eligible fund may receive an investment equal to $1 of LEDC funds for each $4 of funds privately raised by the applicant fund. The maximum total dollar amount of an LEDC investment in an eligible fund shall not exceed $10,000.000.
- C. Subject to availability of SSBCI funding and associated allocation to this program.
Authority Note
AUTHORITY NOTE: Promulgated in accordance with R.S. 36:104, 36:108 and 51:2312
Historical Note
HISTORICAL NOTE: Promulgated by the Department of Economic Development, Office of Business Development and the Louisiana Economic Development Corporation, LR 48:1493 (June 2022).