Louisiana Economic Development (LED) – Hudson Initiative
Louisiana’s Hudson Initiative is a certification program that is designed to help eligible Louisiana small businesses gain greater access to purchasing and contracting opportunities that are available at the State government level.
Your business and contact information will be accessible to State purchasing officials and prime contractors looking for subcontractors.
State agencies are encouraged to get quotes from and use qualified, certified companies whenever possible.
For small purchases of less than $15,000, State agencies can waive the requirement of getting additional quotes if a certified company submits a quote that is reasonable.
10% of the total evaluation points can be added to your bid on a Request for Proposal (RFP).
Prime contractors who use your business as a subcontractor on a bid for an RFP are also eligible to receive additional percentage points on their bid.
The program is open to all Louisiana businesses that meet the following eligibility requirements of a Small Entrepreneurship (SE) under the Hudson Initiative. Once certified, business owners are required to submit annual updates through www.ledsmallbiz.com. Failure to submit the required information before your anniversary date each year will result in termination of your certification.
What are the eligibility requirements?
Principal Place of Business – The company must have its principal place of business in Louisiana.
Employees – The company has fewer than 50 full-time employees.
Average Annual Gross Receipts – Average annual gross receipts do not exceed $5 million for non-construction and $10 million for construction companies.
Independently Owned and Operated – The business is independently owned and operated
Not Dominant – The business is not dominant in its professional field.
Louisiana Residency – Owned by persons domiciled in Louisiana.
Citizenship – Owned by and has officers who are U.S. citizens or legal residents.
- LED Programs
Selling to the Government and Large Corporations
- Obtaining Certification
- Obtaining Government Contracts
- Subcontracting Opportunities
617 North 3rd Street
Baton Rouge, LA 70802
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