Louisiana Revised Statutes 51:2326 – Creation; purpose
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Terms Used In Louisiana Revised Statutes 51:2326
- Program: means the Monroe and Northeast Louisiana Technology and Business Incubation Center. See Louisiana Revised Statutes 51:2327
- Small business incubator: means a multi-tenanted facility which is characterized by shared business services, equipment, space, and access to on-premises business consultants for tenants and which is operated by a private nonprofit or public entity. See Louisiana Revised Statutes 51:2327
A. The Monroe and Northeast Louisiana Technology and Business Incubation Center is hereby established and shall be administered by the Louisiana Economic Development Corporation.
B. The program shall have the express purpose of providing financial resources for qualified local entities, both private nonprofit and public, to establish, operate, or expand a small business incubator to be located in Northeast Louisiana and which will house qualified technology based start-up companies.
Acts 2003, No. 1170, §1.