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Department of Economic Development

Fiscal Year 2000-2001 Appropriation Level
State General Fund (Direct) $31,435,394
Total Means of Financing $76,117,284

The Louisiana Department of Economic Development could be abolished and Louisiana, Inc., could become the state’s new economic development resource center, if a constitutional amendment is ratified by the voters during the 2000 fall elections. In the event the DED is abolished, the appropriations bill made provisions to allocate transition start-up funding for La. Inc. in the amount of $1.3 million.

The Louisiana Economic Development Fund provided a revenue source for four regional economic development efforts amounting to $962,000 in State General Funds:

Metrovision $450,000
Macon Ridge Development Region, Inc. $250,000
South Louisiana Economic Development Council (Bayou Vision) $150,000
Northeast and Northwest Louisiana Economic Development Activities $122,000

A total of $5 million was provided for the Economic Development Awards Program from the Louisiana Public Facilities Authority, contingent on funds being recognized by the Revenue Estimating Conference.

 

Questions and comments may be directed to websen@legis.la.gov
Baton Rouge, Louisiana.