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Economic Development department outlines budget increases as Meta and Hyundai projects advance
Summary
Louisiana Economic Development presented its FY26 budget request focused on operational growth to support a rising project pipeline, the transfer of Fast Start positions into LED, and investments in site development, regional innovation pilots and marketing following major project wins (Meta and Hyundai).
The House Appropriations Committee received an FY26 executive budget overview from Louisiana Economic Development on March 31 as the agency described expanded responsibilities, new positions and targeted investments to support a rapidly growing pipeline of projects.
Why it matters: Secretary Susan Bourgeois told the committee that LED’s work to land large projects — specifically Meta’s planned AI campus in Richland Parish and Hyundai’s manufacturing investment in Ascension Parish — is increasing project volume and spurring a request for recurring operating increases to maintain a higher level of business development, marketing and site-readiness.
Secretary Susan Bourgeois described the scale of recent announcements and the department’s new operating posture: "10,000,000,000 is what's on paper" for the Meta project and the Hyundai announcement was "particularly remarkable" for its 1,500 permanent jobs and near-$100,000 average salary, she said. Bourgeois said…
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