Economic Development
The LPFA, in 45 years of operation, has issued more than $27 billion in bonds for projects and programs that serve as engines for economic development throughout Louisiana. This level of involvement has resulted in the creation of tens of thousands of jobs and provided Louisiana borrowers access to billions of dollars at lower than market rates. The LPFA’s involvement in economic development, however, goes beyond the Authority’s role as an “on behalf of” issuer of bonds.
Years of financing experience coupled with the ability to respond to situations requiring financial experience in a quick and efficient manner has afforded the LPFA the opportunity to ally with a number of statewide economic development agencies in providing much needed services. The LPFA has been and will continue to be a support player to the state Department of Economic Development as well as regional and local economic development groups. The LPFA works with these groups to enhance and add value to their efforts. Coalition building and meaningful programming are at the heart of the LPFA’s economic development efforts.
The LPFA management and staff recognize that Louisiana is up to the challenge of becoming a “Top Ten” state by 2020. The LPFA stands ready to assist in that endeavor.