Bonding Assistance Program (Louisiana)
Last modified on February 12, 2015.
|Applies to States or Provinces||Louisiana|
|Name||Bonding Assistance Program (Louisiana)|
|Policy Category||Financial Incentive|
|Policy Type||Bond Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Program Administrator||Louisiana Economic Development|
The Bonding Assistance Program provides assistance with new bond guarantees to small businesses. The bond underwriting is accomplished by a surety company, and the surety company has final bonding approval authority. Once the surety has given final bonding approval, the Bonding Assistance Program provides collateral up to 25% of the base contract amount, up to $200,000, on a project specific basis.
|Contact Name||John W. Matthews Jr.|
|Department||Louisiana Economic Development|
|Division||Small Business Services|