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Change is Coming to Louisiana Economic Development
There is an effort underway to streamline the Louisiana Department of Economic Development (LED) so it can respond at the speed of business. The department has been hamstrung by bureaucratic regulations that sometimes seem to take forever to navigate. In an effort to facilitate change, Governor Jeff Landry appointed Susan Bourgeois as Secretary of LED. Her background has been in running the Northshore Community Foundation and serving as Chair of Greater New Orleans, Inc. Her specialty is strategic planning. As part of the effort to reimage the department, Senator Beth Mizell, Chair of the Louisiana Senate Commerce Committee has introduced Senate Bill 474. The legislation is scheduled to be presented to the committee tomorrow.
Small Business Is Big Business
According to the Small Business Administration, small companies generate 1.5 million jobs a year and account for 64% of new jobs in America. Small businesses also contribute 44% of the U.S. economic activity, so as the number of new businesses grows so does their economic contributions. In recognition of this impact, The Alliance (Business Incubator of Southwest Louisiana)/Chamber SWLA will host several events during National Small Business Development Week.
