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Economic Development
- The Louisiana Technology Park received $4.4 million to meet
the third year of a $37 million, multiple-year commitment by
the State for a commercial data center and technology business
incubator located at Bon Carre' in Baton Rouge.
- Act 23, the Capital Outlay Act, provided $30 million ($12
million in State General Fund non-recurring revenues and $18
million in General Obligation Bonds - Priority 5) for the
planning and construction of three Wet-Laboratory Business
Incubators in Shreveport, New Orleans and Baton Rouge to
provide laboratory facilities that may be leased to qualified
bioscience research firms. These wet labs will attempt to
recruit new businesses to capitalize on university based
bioscience research conducted at Louisiana institutions of
higher education.
- The amount of $3 million was appropriated for the final
installment of the state commitment in the UNO/Navy contract,
which provides for the completion of construction of the
fourth building at the University of New Orleans Research and
Technology Parks located at the New Orleans lakefront area.
The Park has formed partnerships between UNO academic
departments and the approximately 50 tenants, with the Naval
Information Technology Center serving as the anchor tenant.
- The UNO/Avondale contract was funded at $5.3 million for the
fifth year of a $50.2 million commitment to fund the
construction of a 200,000 square foot ship design facility for
Avondale Corporation.
- Several regional economic development organizations received
funding for FY03: MetroVision (New Orleans) - $450,000; Macon
Ridge (Northeast Louisiana) - $250,000; South Louisiana
Economic Council - $150,000; Partnership for Greater Baton
Rouge - $350,000; and Baton Rouge Inner City Economic
Development District - $25,000.
- Sports bowl games and tournaments were funded as follows:
Sugar Bowl |
$1,100,000 |
NCAA Men's Final Four
Basketball Championship and Women's Volleyball
Tournament |
$1,000,000 |
New Orleans Bowl |
$350,000 |
Bayou Classic |
$100,000 |
Independence Bowl |
$375,000 |
Red Fish Tournament |
$75,000 |
- The budget includes $1 million in federal funding from
Temporary Assistance for Needy Families block grant funds for
the Micro-enterprise Development Program. This program was
transferred from the Office of Women's Services.
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