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Appropriations committee creates a site‑investment fund to make industrial sites ‘shovel‑ready’
Summary
The committee approved creation of a Site Investment and Infrastructure Improvement Fund to finance access roads, utilities and other predevelopment work needed to attract major projects; the bill establishes the fund but removes specific revenue sources so funding decisions can be resolved separately.
The House Appropriations Committee approved legislation to establish the Site Investment and Infrastructure Improvement Fund in the state treasury to finance preparation and infrastructure work that makes sites marketable to businesses.
Louisiana Economic Development Secretary Susan Bourgeois told the committee the fund’s purpose is to accelerate site readiness — land clearing, access roads, water and…
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