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Louisiana Economic Development requests operating boost as department touts pipeline including Meta and Hyundai projects
Summary
LED officials told the Appropriations Committee they are seeking an $11 million operating increase, plan site and technology investments, and are transferring Fast Start positions into LED while touting a pipeline that includes Meta's $10 billion AI center and Hyundai's $6 billion manufacturing project.
Louisiana Economic Development presented its FY26 executive budget to the House Appropriations Committee on March 31, telling lawmakers the department seeks additional operating capacity to support a record pipeline of potential projects and to bring key functions in house.
House Fiscal analyst Abigail Chasten summarized the department's recommendation at roughly $62.7 million in FY26, with state general fund comprising about $47.5 million of that total and personnel services and other charges among the largest expenditure categories. Chasten said the department has 213 TO positions budgeted and seven vacancies as of Dec. 30, 2024.
Secretary Susan Bourgeois framed LED's budget ask as targeted to business development and…
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