Louisiana Administrative Code › Title 19 - CORPORATION AND BUSINESS › Part VIII - Small Entrepreneurship (Hudson Initiative) Certification Program › Subpart 1 - Certification Program › Chapter 3 - Certification › Section VIII-301 - Eligibility Requirements for Certification

Current through Register Vol. 50, No. 6, June 20, 2024
A. A small entrepreneurship (SE) is a firm
				  independently owned and operated; not dominant in its field of operations,
				  which shall be determined by consideration of the business' number of
				  employees, volume of business, financial resources, competitive status, and
				  ownership or control of materials, processes, patents, license agreements,
				  facilities, and sales territory; is owned by and has officers who are citizens
				  or legal residents of the United States, all of whom are domiciled in
				  Louisiana, and who maintain the principal business office in Louisiana; and
				  together with its affiliate entities, has fewer than 50 full-time employees
				  with average annual gross receipts not exceeding $10,000,000 per year for
				  construction operations and $5,000,000 per year for non-construction
				  operations, for each of the previous three tax years. Eligibility requirements
				  include meeting all of the criteria specified in
				  R.S.
				  39:2006(A), as it may be
				  amended from time to time. In order to participate and continue to participate
				  in the program, an individual or firm must meet and continue to meet all such
				  eligibility requirements or criteria.
B. Small Entrepreneurship (SE). For purposes
				  of the program, an individual or legal entity that meets all of the criteria
				  specified in
				  R.S.
				  39:2006(A), as it may be
				  amended from time to time, may be certified as a small
				  entrepreneurship.
C. Requirement
				  for Certification. Applicants for certification as a small entrepreneurship
				  must submit to the SE (HI) Certification Program office of the Department of
				  Economic Development a written application, on a form prepared by the SE (HI)
				  Certification Program, or its designee or staff, providing financial and other
				  background information, and certifying as to the applicant's eligibility
				  requirements or criteria as specified in
				  R.S.
				  39:2006(A), as it may be
				  amended from time to time, including an affidavit signed, dated, and notarized
				  attesting to the correctness of the information provided and to the
				  authenticity of all supporting documentation or information which may be
				  provided by the applicant pursuant to the request of the SE (HI) Certification
				  Program, or its designee or staff; and if requested by the SE (HI)
				  Certification Program, or its designee or staff, the applicant must also
				  furnish, within a reasonable time as established by the SE (HI) Certification
				  Program, or its designee or staff, applicant's most recent financial
				  statements, federal and state tax returns, a copy of its most recently filed
				  Louisiana Department of Labor (LDOL) ES-4 form, and any other appropriate
				  supporting documentation or information as may be requested or required by the
				  SE (HI) Certification Program, or its designee or staff.
D. Any records, writings, accounts, reports,
				  documents, financial information, tax information, proprietary business
				  information and other materials that are in their nature considered to be
				  confidential and are designated as confidential or proprietary by those firms,
				  businesses or individuals submitting, delivering or transmitting the same,
				  pursuant to request, for the purposes of allowing the SE (HI) Certification
				  Program, or its designee or staff, to investigate and/or examine these firms,
				  businesses or individuals pertaining to its statutory duties, shall be
				  considered and maintained as confidential and proprietary information within
				  the meaning of
				  R.S.
				  44:4(3). The SE (HI)
				  Certification Program, its designee and staff, shall use all reasonable
				  precautions to maintain such confidentiality and they are not to disclose such
				  confidential information to any third party except as permitted or as required
				  by law.
AUTHORITY NOTE:
					 Promulgated in accordance with
					 R.S.
					 39:2006 and
					 R.S.
					 51:931.