Louisiana Economic Development is responsible for strengthening the state’s business environment and creating a more vibrant Louisiana economy. From entrepreneurial startups to small business growth and expansion, Louisiana offers a comprehensive array of educational, managerial, and financial programs that cultivate small business opportunities.
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Vision: Louisiana consistently outperforms the South and the U.S. in creating jobs and economic opportunities for its citizens.

Mission: Cultivate jobs and economic opportunity for the people of Louisiana through nine integrated economic development strategies:

  • Cultivate small business, innovation and entrepreneurship
  • Strategically improve state economic competitiveness
  • Engage with local partners to enhance community competitiveness
  • Forge partnerships to enhance regional economic development assets
  • Expand and retain in-state businesses
  • Execute a strong business recruitment program
  • Enhance workforce development solutions
  • Promote Louisiana’s robust business advantages
  • Attract foreign direct investments and grow international trade

With dedicated and knowledgeable professionals committed to Louisiana’s economic future, LED strives to help businesses find the resources they need to make relocation and expansion a successful, profitable endeavor.

LED's Small Business Services group and the foundation's Entrepreneurship Team join forces at BRV

In 2019 LED’s Small Business Services team was honored with the Gold Award for Excellence in Economic Development from the International Economic Development Council (IEDC).  The IEDC Gold Award recognized Louisiana for delivering the world’s best economic development programs in entrepreneurship within IEDC’s largest population category (greater than 500,000). LED has a particular focus on second-stage companies and offers a suite of business resources and growth opportunities, including but not limited to strategic research, peer-to-peer learning, leadership retreats, recognition events, networking opportunities, incentives, and additional technical assistance, through the LED Growth Network.

Launched in 2017, the LED Growth Network provides a suite of services in order to accelerate the growth of Louisiana’s second-stage companies.  The suite is designed to provide timely resources second-stagers need such as strategic research, peer-to-peer learning, leadership development, and mentorship, among others. Read more at Louisiana’s Entrepreneurial Engine (2021)

Louisiana Economic Development

Companies served by LED have realized impressive growth and economic impact.

500+ companies

17,400 new FTE jobs

$3.6 billion increase in gross annual revenue

LED Growth Network

Between January and May 2021, the LED Growth Network served 500+ companies
These companies generated more than $3.6 billion annual sales.
They employ more than 17,400 FTE employees.

LED Strategic Research programming*

283 companies served
These companies increased annual gross sales by $527 million
Collectively they added 2,102 new FTE jobs

LED CEO Roundtables**

Twenty-five CEO roundtables have been conducted regionally and statewide since 2015
349 individuals graduated from roundtables.
1,617 new FTE employees have been added by companies whose leaders attended roundtables.

Data updated in June 2021

Connect

Christopher Cassagne
 
   
Assistant Director, Small Business Services

M 504.715.6091 | T 225.342.5882 |  F 225.342.9390

 

* Companies are surveyed for three years following the close of their engagement. Read more at  LED’s System for Integrated Growth.

**Participants are surveyed one year after graduating from their respective roundtable. Read more at  LED’s CEO Roundtables