Edward Lowe Foundation cites Louisiana’s Economic Gardening program as national model
Louisiana Economic Development’s Economic Gardening initiative has been recognized as a best practice by the Edward Lowe Foundation, which administers the program nationwide. Economic Gardening seeks to help growing companies export their innovation to other states and import new value into Louisiana communities. The program provides eligible, high-growth companies with virtual access to research information that is customized based on the businesses’ particular needs related to growth.
LED is in its sixth year of administering the Economic Gardening program. Since inception of the program in July 2011, a total of 178 unique companies from all eight regions of the state have been accepted into the program representing a total of 200 engagements. Companies utilizing the program have created a total of 561 new full-time-equivalent jobs and increased their revenues by over $218 Million. From a return on investment standpoint, for every dollar LED has invested in the Economic Gardening program, the state of Louisiana has enjoyed a return of $8.13.
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