BIDCO INVESTMENT PROGRAM/SPECIALTY BIDCO INVESTMENT PROGRAM
PURPOSE OF PROGRAM An investment made directly into a licensed Louisiana Business & Industrial Development Company (BIDCO) for the purchase of stock or some form of equity position.
ELIGIBLE APPLICANTS Louisiana corporation that has obtained a BIDCO license from OFI.
DOLLAR LIMIT PER PROJECT (LEDC PORTION) Match Program $2,500,000. Co-Investment Program $2,500,000.
PERCENT OF PROJECT COST Regular BIDCO One dollar for each $2.00 of private capital Speciality BIDCO $1.00 for each $1.00 of private capital
USE OF FUNDS Match Investment To purchase stock or some other equity position in the BIDCO
Co-Investment To buy a portion of an individual investment in a business that the BIDCO brings to LEDC
FOR MORE INFORMATION CONTACT: St. Tammany Economic Development Foundation 21489 Koop Drive, Suite 7, Mandeville, LA 70471 Phone: 985-809-7874 Fax: 985-809-7596
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