Small & Emerging Business Development Program
The LED’s Small and Emerging Business Development (SEBD) Program provides the managerial and technical assistance training needed to grow and sustain a small business in the state of Louisiana. The program provides for developmental assistance, including entrepreneurial training, marketing, computer skills, accounting, business planning, and legal and industry-specific assistance. The program also gives your business consideration for bidding on select products or services purchased by state agencies as well as assistance with access to other program benefits.
Advocate Advertising Group is acutely knowledgeable of the program and its benefits, maintaining a relationship with several businesses that benefit from the program. Our knowledge of the SEBD program means not only can we provide services to your business at a fraction of the cost to you, but we can also walk you through the process of getting yourself and your business enrolled.
If you have any further questions or concerns, just send an email to firstname.lastname@example.org or give us a call at (318) 865-5002 and we’ll get the conversation started. We look forward to helping your business grow!
Person & Business Eligibility
The program is available to all small businesses in the state of Louisiana that meet the following requirements for both the business and its owner.
Small and Emerging Business Person
For the purposes of the program, a person who meets all criteria in this section is defined as a Small and Emerging Business Person.
- Citizenship – The person is a U.S. citizen or legal resident.
- Louisiana Residency – The person has been a Louisiana resident for at least one year.
- Net Worth – At least 51 percent of the business is owned and controlled by persons who individually have a net worth of less than $400,000, excluding personal residence, business assets and retirement accounts.
- Full-Time Employment – Managing owners who claim Small and Emerging Business Person status must be full-time employees of the applicant firm (20 or more hours per week).
Small and Emerging Business
For the purposes of the program, a business that meets all criteria in this section is defined as a Small and Emerging Business.
- Ownership and Control – At least 51 percent of the company is owned and controlled by one or more Small and Emerging Business Persons.
- Principal Place of Business – The firm’s principal place of business is Louisiana.
- Lawful Function – The company has been organized for profit to perform a lawful, commercially useful function.
- Business Net Worth – The business’ net worth does not exceed $1.5 million.
- Job Creation – An applicant firm anticipates creating new full-time jobs.
How Does It Work
The LED program helps small businesses by paying up to 50% of marketing (creative services) and other services for businesses.
The program helps allow business owners and businesses that may otherwise not be able to afford professional services, do so.
For a full list of what is covered under the program and what is not, please give us a call or send us an email and we’ll get the conversation started.
How to Get Started
1. Schedule a free consultation with Advocate Group to learn more about the needs of your business. We can also help you and your business apply for the program and submit your first project for approval at this time, should you choose.
2. LED will review completed applications within 72 hours of submittal. You will receive an email notification after the review that acknowledges your application status. Along with an acceptance notification, approved applicants will receive a certification number, a list of SEBD Intermediaries, and instructions on how to print the SEBD certificate.
3. Once you and your business are approved, Advocate Group can get you in touch with the local SEBD Intermediary nearest you to schedule a business assessment.
4. Once your first project is approved we will begin work. An invoice will be sent to you for payment. You will pay the amount owed by you; the rest is sent to the LED for payment.
Q: How can I get a grant to start my small business?
A: The SEBD Program is not a grant, and Louisiana Economic Development does not have grants for small businesses. Small businesses can search for federal grants at www.grants.gov or www.sbir.gov.
Q: Can I certify more than one company in the SEBD Program?
A: NO. The SEBD Program is designed to support only one business, by way of the business owner, for managerial and technical assistance training.
Q: Is there a cost to get certified?
A: NO. Program certification is offered at no charge to the business owner.
Q: I am SEBD certified and I just started a large project to update my company website. Can the SEBD Program help pay for that?
A: NO. Even though the SEBD Program can assist in website enhancements, the program cannot support any ongoing project. All projects must be recommended and submitted by an SEBD Intermediary and approved by LED prior to the project commencing.