The SEBD Program Fosters Growth and Sustainability
LED’s Small and Emerging Business Development (SEBD) Program provides the managerial and technical assistance needed to grow and sustain a small business. This program provides for developmental assistance, including marketing, accounting, business planning, human resources and legal and industry-specific assistance. It also offers consideration for bidding on select products or services purchased by state agencies.
SEBD Intermediaries provide a free business assessment and assistance with accessing other program benefits including training classes, one-on-one assistance and SEBD Roundtables.
Eligibility
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.
Program Statutes & Rules
All incentive program rules are in the Louisiana Administrative Code maintained by the Office of the State Register.
- View the Small and Emerging Business Development Program Statutes
- View the Titles of the Louisiana Administrative Code
- Rules for Small and Emerging Business Development Program can be found in Part II
The Process
To benefit from LED’s Small and Emerging Business Development Program, complete the online application at www.ledsmallbiz.com.
View the information required to complete the SEBD application process HERE.
Next Steps
Online Certification
- LED will review completed applications within 2 business days of submittal.
- You will receive an email notification after review that acknowledges your application status.
- Approved applicants will receive a certification number, a list of SEBD Intermediaries and instructions on how to access the SEBD certificate.
Receiving Assistance
- Once certified, contact the SEBD Intermediary nearest you to schedule a free business assessment.
- Based on the business assessment, the Intermediary will recommend appropriate assistance that may include a training class or one-on-one assistance that is available to help you succeed in growing or sustaining your business.
Intermediaries
View the List of SEBD Intermediaries.
Eligibility Scenarios
I meet most of the eligibility requirements, but just moved back to Louisiana two months ago. Am I eligible for the program?
No. You must be a Louisiana resident for at least one year immediately before you submit your application.
If I own 51% of a business and my business partner owns the other 49%, can I apply using just my personal net worth information?
Yes. You would only need to provide information indicating that someone with a personal net worth of less than $400,000 owns 51% of the company. However, if you each owned 50%, you would need to provide the personal net worth for both owners.
I founded a nonprofit organization in Louisiana. Would it qualify for the SEBD Program?
No. The SEBD Program is only for companies that are organized for profit (and are performing a lawful, commercially useful function).
FAQs
How can I get a grant to start my small business?
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.
Is there a cost to get certified?
No. Program certification is offered at no charge to the business owner.
How long does the SEBD certification last?
The SEBD certification is good for 10 years or until the firm no longer qualifies for the program.
Can I re-certify after the 10 years?
NO. The certification is only good for one 10-year period.
Can I certify more than one company in the SEBD Program?
No. The SEBD Program is designed to support only one business, by way of the business owner, for managerial and technical assistance training.
I am certified. Now what do I do next?
Certification is the first step. Now you must contact one of our SEBD Intermediaries and schedule an assessment. Following the assessment, the Intermediary will make recommendations for your next step.
Does it matter which Intermediary I go to?
NO. All SEBD Intermediaries have the experience and expertise to guide you through the program. Feel free to contact the one that is most convenient for you.
I am SEBD certified and I just started a large project to update my company website. Can the SEBD Program help pay for that?
NO. Even though the SEBD Program can assist in digital marketing, 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 start of the project.
My business needs to buy new equipment to continue to grow. Does this program provide assistance to purchase additional equipment?
NO. The Small and Emerging Business Development Program does not provide assistance to purchase hard or fixed assets. The SEBD Program is designed to provide for managerial and technical assistance training at reduced costs.
How do I log in to see my account after I am certified?
Visit www.ledsmallbiz.com to log in with your username and password.
Is this a DBE or MBE program?
NO. All Louisiana Economic Development small business programs are race and gender neutral.
I am already certified in the SEBD Program and I want to show proof to a potential client, but I misplaced my certificate. Can I get another certificate?
Yes. Please follow the directions below.
- Connect to Louisiana Economic Development’s small business portal at www.ledsmallbiz.com.
- Type in your username and password under the “Previous User Login” heading. (If you forgot your password, follow the appropriate link under “Previous User Login”).
- After logging in, you will be given the option to view your certification letter under the button titled “Certificates and Documents.”
- Click on “View SEBD Certification Letter.”
- You should now see the SEBD certificate and can print as needed.
How do I get certified as a woman, minority-owned, or disadvantaged business?
Information about these programs can be found at the following sites:
Small Business Services
Please reach out to LED’s Small Business Services department for more information about the program.