LED Bonding Assistance
As of July 2008, Louisiana Economic Development’s Bonding Assistance Program (BAP) has approximately $6 million available in a revolving pool for new bond guarantees, creating more possibilities for small business in Louisiana. By providing companies with the ability to bid on private and public jobs, entrepreneurs are finding new opportunities to compete for projects that can lead to financial security and potential growth. When a qualified Small and Emerging Business requires quality bid, performance and payment bonds from surety companies at reasonable rates, the Bonding Assistance Program can help reach the bonding capacity required for specific projects.
