La. Admin. Code tit. 19 § VII-2107

Current through Register Vol. 50, No. 8, August 20, 2024

Section VII-2107 - Co-Investment Criteria

A. Certified venture capital funds may apply to the corporation for a co-investment by the corporation in a round of financing in a specific project. The project must be for a Louisiana-based enterprise maintaining headquarters and production facilities in Louisiana. The corporation shall not co-invest more than 25 percent of the total venture capital investment in the proposed round of financing of the project. The corporation investment shall not exceed $500,000 in the proposed round of financing.

La. Admin. Code tit. 19, § VII-2107

Promulgated by the Department of Economic Development, Economic Development Corporation, LR 15:461 (June 1989).

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2331.