Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

The primary purpose of the Louisiana Community Development Financial Institution Act, “LCDFI” Act, is to further community development, diminish poverty, provide assistance in the formation and expansion of businesses in economically distressed areas, which create jobs in the state by providing for the availability of venture capital financing to entrepreneurs, managers, inventors, and other individuals for the development and operation of qualified Louisiana businesses.

Acts 2005, No. 491, §1, eff. July 12, 2005; Acts 2007, No. 345, §2, eff. June 30, 2007.