Small and Emerging Business Development Program

Small and Emerging Business Development Program is sponsored by Louisiana Economic Development (LED). This program provides developmental assistance to small and emerging businesses in Louisiana, including entrepreneurial training, marketing, computer skills, accounting, legal, and industry-specific assistance.

Small and Emerging Business Development Program - LED | Louisiana Economic Development Small and Emerging Business Development Program Provides developmental assistance, including entrepreneurial training, marketing, computer skills, accounting, legal and industry-specific assistance.

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. 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.

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 View the Titles of the Louisiana Administrative Code Rules for Small and Emerging Business Development Program can be found in Part II To benefit from LED’s Small and Emerging Business Development Program, complete the online application at www.

ledsmallbiz. com . View the information required to complete the SEBD application process HERE.

Complete the application online. LED reviews application online. Certification status is emailed to applicant.

Contact an intermediary to access program benefits. Complete the application online. LED reviews application online.

Certification status is emailed to applicant. Contact an intermediary to access program benefits. View the List of SEBD Intermediaries .

I meet most of the eligibility requirements, but just moved back to Louisiana two months ago. Am I eligible for the program? No. You must be a Louisiana resident for at least one year immediately before you submit your application.

If I own 51% of a business and my business partner owns the other 49%, can I apply using just my personal net worth information? Yes. You would only need to provide information indicating that someone with a personal net worth of less than $400,000 owns 51% of the company.

I founded a nonprofit organization in Louisiana. Would it qualify for the SEBD Program? No. The SEBD Program is only for companies that are organized for profit (and are performing a lawful, commercially useful function).

How can I get a grant to start my small business? The SEBD Program is not a grant, and Louisiana Economic Development does not have grants for small businesses. Small businesses can search for federal grants at www.

grants. gov or www. sbir.

gov . Is there a cost to get certified? No. Program certification is offered at no charge to the business owner.

How long does the SEBD certification last? 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 or until the firm no longer qualifies for the program.

Can I certify more than one company in the SEBD Program? Yes, more than one business can be certified. Does it matter which Intermediary I go to?

NO. All SEBD Intermediaries have the experience and expertise to guide you through the program. Feel free to contact the one that is most convenient for you. Is this a DBE or MBE program?

NO. All Louisiana Economic Development small business programs are race and gender neutral. I am already certified in the SEBD Program and I want to show proof to a potential client, but I misplaced my certificate. Can I get another certificate?

Yes. Please follow the directions below. Connect to Louisiana Economic Development’s small business portal at www.

ledsmallbiz. com. Type in your username and password under the “Previous User Login” heading.

(If you forgot your password, follow the appropriate link under “Previous User Login”). After logging in, you will be given the option to view your certification letter under the button titled “Certificates and Documents. ” Click on “View SEBD Certification Letter.

” You should now see the SEBD certificate and can print as needed. How do I get certified as a woman, minority-owned, or disadvantaged business?

Information about these programs can be found at the following sites: U.S. Small Business Administration Programs Women’s Business Enterprise Council South Louisiana’s Unified Certification Program Please reach out to LED’s Small Business Services department for more information about the program. What can we help you find?