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 --
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: 12
Number Currently Serving: 10
Number of Entity Meetings: Actual number in prior year: 6
Estimated number in current year: 9
The Entity is:
Active   Inactive   Not fully organized   Disbanded   Never fully organized
Do members receive per diem, salaries, and/or travel expense reimbursements?
Yes   No
Excluding member per diem, salaries, and travel expense reimbursements, does the entity receive or expend funds?
Yes   No
Entity Member Per Diem:
  Amount Authorized: $0      per meeting   per meeting day   per day spent on board business   None

Total entity member per diem:
  Prior year actual: $0
  Current year budgeted: $0
Entity Member Salaries:
  Prior year actual: $0
  Current year budgeted: $0
Entity Member Travel Expense Reimbursement:
  Prior year actual: $242
  Current year budgeted: $5000
Number and Type of Authorized Employee Positions:
Classified: 0
Unclassified: 0
Part-time: 0
Entity Fiscal Year End:
4/30         7/31         10/31         Other (identify date)
6/30         9/30         12/31         None
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
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:
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:
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.
LaTrac was developed by the Louisiana Division of Administration, Office of Information Services.