Small and Emerging Business Development Program

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FAQs Small and Emerging Business Development Program

Provides developmental assistance, including entrepreneurial training, marketing, computer skills, accounting, legal and industry-specific assistance.

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Small and Emerging Business Development Program SEBD Louisiana Economic Development

Louisiana Economic Development424 subscribers

Watch on The SEBD Program Fosters Growth and Sustainability

LED’s Small and Emerging Business Development (SEBD) Program provides business and management training needed to grow and sustain a small business.

SEBD Intermediaries connect certified businesses with program benefits including SEBD Roundtables, training, and one on one assistance with a subject matter expert.

This program provides business and management training, including marketing, accounting, business planning, human resources and legal and industry-specific assistance.

Get Certified (opens external page in a new window) Eligibility

The program is open to all Louisiana small businesses that meet the following eligibility requirements for both the business and the owner. Once certified, business owners are required to recertify every five years. Failure to submit the required information every five years, by the required anniversary deadline, will result in termination of your certification. Small and Emerging Business Person

For the purposes of the program, a person who meets all criteria in this section is defined as a Small and Emerging Business Person. Citizenship, The person is a U.S. citizen or legal resident. Louisiana Residency, The person has been a Louisiana resident for at least one year. Net Worth, At least 51 percent of the business is owned and controlled by persons who individually have a net worth of less than $400,000, excluding personal residence, business assets and retirement accounts. Full-Time Employment, Managing owners who claim Small and Emerging Business Person status must be full-time employees of the applicant firm (20 or more hours per week). Small and Emerging Business

For the purposes of the program, a business that meets all criteria in this section is defined as a Small and Emerging Business. Ownership and Control, At least 51 percent of the company is owned and controlled by one or more Small and Emerging Business Persons. Principal Place of Business, The firm’s principal place of business is Louisiana. Lawful Function, The company has been organized for profit to perform a lawful, commercially useful function. Business Net Worth, The business’ net worth does not exceed $1.5 million. Job Creation, An applicant firm anticipates creating new full-time jobs. Program Statutes & Rules

All incentive program rules are in the Louisiana Administrative Code maintained by the Office of the State Register. View the Small and Emerging Business Development Program Statutes (opens external page in a new window) View the Titles of the Louisiana Administrative Code (opens external page in a new window) Rules for Small and Emerging Business Development Program can be found in Part II The Process

To benefit from LED’s Small and Emerging Business Development Program, complete the online application at www.ledsmallbiz.com (opens external page in a new window).

View the information required to complete the SEBD application process HERE. (opens external page in a new window)

Begin the process arrow-small (opens external page in a new window) 1

Complete the application online. 2

LED reviews application online. 3

Certification status is emailed to applicant. 4

Contact an intermediary to access program benefits. 1

Complete the application online. 2

LED reviews application online. 3

Certification status is emailed to applicant. 4

Contact an intermediary to access program benefits. Next Steps Intermediaries

View the List of SEBD Intermediaries (opens external page…

Topic areas: General and Cross-cutting R&D, Workforce Development, Social Innovation and Community Development, Education and Training.

Funding amount

This other provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

Small and Emerging Business Development Program is administered by Louisiana Economic Development (LED), listed via Louisiana Economic Development.