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flag Louisiana awarded $140M to 19 sites for infrastructure to attract energy, manufacturing, and logistics firms, requiring repayment within five years.

flag Louisiana has awarded $140 million in site development funds to 19 industrial and business locations across 16 parishes through its new FastSites program, a $150 million revolving fund aimed at making land ready for energy, manufacturing, and logistics investments. flag The funding, distributed to sites selected from 50 applicants, will improve infrastructure like roads, utilities, rail access, and drainage to create shovel-ready locations. flag Projects must repay the full investment within five years, with potential returns from job creation and tax revenue. flag The initiative, launched by Gov. flag Jeff Landry and LED Secretary Susan Bourgeois, seeks to boost Louisiana’s competitiveness by proactively preparing sites, with possible future funding rounds using the remaining $10 million.

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