ECONOMIC DEVELOPMENT: Urges and requests Louisiana Economic Development to study the benefits of creating a minority business development fund

This resolution asks the Louisiana Economic Development agency to study whether a new fund should be created to help minority-owned businesses access capital. The proposed fund would provide loans for various business needs, such as buying equipment, expanding facilities, or refinancing high-interest debt. If established, the fund would aim to address barriers like limited access to traditional financing and the racial wealth gap. The agency was required to submit a report on the study's findings to the House by January 1, 2027. Ultimately, the resolution was rejected by the House of Representatives on June 1, 2026.