BIDCO Investment Program
Provides for a match or co-investment in certified BIDCOs. BIDCOs are state-chartered, non-depository alternative financing sources for small businesses. BIDCOs frequently provide equity and subordinated debt financing to new and growing companies, as well as to companies requiring turnaround assistance. A BIDCO must have at least $1 million in private capital. LEDC may match the investment $1.00 for $2.00 of private capital up to $2.5 million. Co-investments are considered on a project by project basis and cannot exceed 33% of the total investment.
For more information, please contact LED at (225) 342-3000
