Economic Development Corporation Board of Directors
| Name | Economic Development Corporation Board of Directors |
| Contact Person | Kathy Blankenship - Deputy Undersecretary |
| Mailing Address |
Post Office Box 94185 Baton Rouge, LA 70804-9185 |
| Phone Number | 225-342-5400 |
| Fax Number | 225-342-5926 |
| Board Email | blankens@la.gov |
| Website | -- |
| Legal Authority | R.S. 51:2311 |
| Year Created | 1988 |
| Organizational Placement | Department of Economic Development |
| Purpose/Function | The board is responsible for governing the Economic Development Corporation, which serves as the single review board for all financial assistance loans, incentives or inducements, customized workforce training, investment programs, and any related appropriations, grants, or joint ventures administered by the Department of Economic Development, excluding those financial incentive programs administered by the state Board of Commerce and Industry or programs only authorized by the Secretary, Governor and/or Joint Legislative Committee on the Budget (such as Rapid Response and Mega Project) |
| Number of Entity Members: |
Number Authorized: 10
Number Currently Serving: 9 |
| Number of Entity Meetings: |
Actual number in prior year: 10
Estimated number in current year: 10 |
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The Entity is: Active Inactive Not fully organized Disbanded Never fully organized |
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Do members receive per diem, salaries, and/or travel expense reimbursements? Yes No |
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Excluding member per diem, salaries, and travel expense reimbursements, does the entity receive or expend funds? Yes No |
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Entity Member Per Diem: Amount Authorized: $0 per meeting per meeting day per day spent on board business None |
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Total entity member per diem: Prior year actual: $0.00 Current year budgeted: $0.00 |
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Entity Member Salaries: Prior year actual: $0.00 Current year budgeted: $0.00 |
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Entity Member Travel Expense Reimbursement: Prior year actual: $0.00 Current year budgeted: $0.00 |
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Number and Type of Authorized Employee Positions: Classified: 0 Unclassified: 0 Part-time: 0 |
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Entity Fiscal Year End: 4/30 7/31 10/31 Other (identify date) 6/30 9/30 12/31 None |
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Participation in State Employee Benefit Programs: Employees: participate in state retirement system(s) and/or state group insurance program(s) do not participate in state benefit programs Members: participate in state retirement system(s) and/or state group insurance program(s) do not participate in state benefit programs |
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A state agency provides: (Check all that apply and identify the state agency)
Per Diem Payments State Agency: Travel Reimbursements State Agency: Office of Business Development Other (explain) State Agency: |
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Is this entity a budget unit or included within a budget unit of the State of Louisiana as defined by LSA-R.S. 39:2? Yes No If yes, identify the budget unit and the budget schedule number below: Budget Unit Name: Budget Schedule Number: |
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| Notes | The LA Economic Development Corporation is funded from Statutory Dedicated funds, however,all funds collected are primarily used to fund the operational administrative functions as well as the programs administered by the board. Rules for all programs administered by the LEDC Board are also found on the State Register website, Title 19, Part VII. http://www.doa.louisiana.gov/osr/lac/books.htm Note: Due to budget restraints, some programs are unfunded. |