Louisiana legislation · 2026 Regular Session
Louisiana HR356: ECONOMIC DEVELOPMENT: Urges and requests Louisiana Economic Development to study the benefits of creating a minority business development fund
Status: Introduced, June 1, 2026
What the bill says
A resolution To urge and request Louisiana Economic Development to study the benefits of creating a minority business development fund.
From the introduced text:
A RESOLUTION To urge and request Louisiana Economic Development to study the benefits of creating a minority business development fund. WHEREAS, minority-owned businesses in this state face systemic barriers to capital access, including discriminatory lending practices, lower collateral asset bases resulting from historical wealth exclusion, and lack of access to traditional financial networks; and WHEREAS, the racial wealth gap in this state is a direct consequence of historically sanctioned discrimination in employment, housing, and business ownership, and represents an ongoing economic harm to the state; and WHEREAS, access to affordable capital is the single most significant factor limiting the formation and growth of minority-owned small businesses; and WHEREAS, state investment in minority business development yields measurable returns through tax revenue generation, job creation, and community wealth building; and WHEREAS, according to Louisiana Economic Development (LED), LED is the cabinet-level state agency responsible for strengthening Louisiana's business environment, attracting new companies, and supporting existing business growth. It drives the state's economy by providing financial incentives, specialized workforce training through LED FastStart, and strategic development for key industries like energy and manufacturing; and Page 1 of HLS 26RS-5948 ORIGINAL HR NO. WHEREAS, investing in minority business development would align with the mission of LED, as established by state law in 1936, to cultivate jobs and economic opportunity for the people of Louisiana; …
Sponsors
- Jordan, Edmond (D, 29) · primary sponsor
- Chassion, Tehmi (D, 44)
Latest actions
- : Read by title, roll called, yeas 41, nays 42. The resolution was rejected.
- : Scheduled for floor debate on 06/01/2026.
- : Read by title, rules suspended, passed to 3rd reading.
- : Read by title. Lies over under the rules.
Votes
- House Vote on HR 356, FINAL CONSIDERATION (#1889) (June 1, 2026): 41 yea, 42 nay, failed
Common questions
- What is HR356?
- HR356 is a bill in the Louisiana Legislature (2026 Regular Session): ECONOMIC DEVELOPMENT: Urges and requests Louisiana Economic Development to study the benefits of creating a minority business development fund.
- What does HR356 do?
- In its own words: A resolution To urge and request Louisiana Economic Development to study the benefits of creating a minority business development fund.
- What is the status of HR356?
- Introduced as of June 1, 2026. Latest action: Read by title, roll called, yeas 41, nays 42. The resolution was rejected. (June 1, 2026).
- Who sponsored HR356?
- Jordan, Edmond (D, 29), with 1 co-sponsor.
- Where is the official record for HR356?
- On the Louisiana Legislature website: https://legis.la.gov/legis/BillInfo.aspx?s=26RS&b=HR356
Source: official Louisiana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.