Jun 25, 2025 Board of Commerce and Industry

[00:00:05]

GOOD MORNING EVERYONE. IT'S GOOD TO SEE EVERYBODY AT THE BEGINNING OF SUMMER.

[1. Call to Order – Jerald Jones, Chairman]

GOOD MORNING, EVERYONE.

CALL].

THANK YOU. WE DO HAVE A QUORUM. THANK YOU. MA'AM.

YOU HAVE HAD THE OPPORTUNITY TO REVIEW THE MINUTES FROM OUR APRIL 23RD, 2025 MEETING.

[3. Approval of Minutes from April 23, 2025 meeting]

ALL IN FAVOR SAY AYE. AYE. ANY OPPOSITION? THERE IS NONE.

THE MOTION CARRIES. GOOD MORNING, MISS DEBBIE.

HOW ARE YOU? WELL. AND YOURSELF? DOING VERY WELL, THANK YOU.

PLEASE WALK US THROUGH THE QUALITY JOBS PROGRAM THIS MORNING.

[4. Quality Jobs Program – Michaela Adegbe]

FIRST SOLAR, INC., IBERIA PARISH. 2024 0037 HORSEPOWER AND SCOTT SAINT TAMMANY PARISH GREAT WOULD ENTERTAIN A MOTION TO APPROVE THESE PROJECTS FROM MOTION FOR MISTER MOSS.

SECOND FOR MR. MEALY. ANY QUESTIONS OR COMMENTS FROM THE BOARD? HEARING NONE. ANY COMMENTS FROM THE PUBLIC. HEARING NONE.

ALL IN FAVOR SAY AYE. AYE. ANY OPPOSITION? THERE IS NONE.

THE MOTION CARRIES. THERE ARE TWO RENEWAL APPLICATIONS 2019 0206 CALCASIEU PASS OPERATIONS, LLC, CAMERON PARISH. 2020 0149 SCHOOL, INC., LAFAYETTE PARISH.

DO WE HAVE A MOTION FROM MR. NASSER? SECOND FROM MR. WILLIS. ANY QUESTIONS OR COMMENTS CONCERNING THESE RENEWALS? ANY COMMENTS FROM THE PUBLIC HEARING? NONE. ALL IN FAVOR SAY AYE.

AYE. ANY OPPOSITION? THERE IS NONE. THE MOTION CARRIES.

THERE'S ONE REQUEST TO ADD AFFILIATE OR LLC MEMBER TO SCHEDULE ONE OF THE FOLLOWING CONTRACT.

2019 0206 CALCASIEU PASS OPERATIONS, LLC. THE CURRENT COMPANY NAME, NEW AFFILIATE AND OR LLC MEMBER.

CALCASIEU. CALCASIEU PASS HOLDINGS, LLC, CAMERON PARISH.

GREAT. DO WE HAVE A MOTION FOR THIS REQUEST? MOTION FOR MR. MOSS. SECOND, MR. KELLY. ANY QUESTIONS OR COMMENTS FROM THE BOARD? HEARING NONE. ANY COMMENTS FROM THE PUBLIC? THERE BEING NONE.

ALL IN FAVOR, SAY AYE. AYE. ANY OPPOSITION? THERE IS NONE.

THE MOTION CARRIES. THIS CONCLUDES QUALITY JOBS.

THANK YOU. THANK YOU. MORNING, MR. ROSENBERG.

GOOD MORNING. WHAT HAVE WE GOING GOT GOING WITH THE RESTORATION TAX ABATEMENT PROGRAM?

[5. Restoration Tax Abatement Program – Travis Rosenberg]

ANY QUESTIONS OR COMMENTS FROM THE BOARD? HEARING NONE.

ANY COMMENTS FROM THE PUBLIC? HEARING NONE. ALL IN FAVOR SAY AYE.

AYE. ANY OPPOSITION? THERE IS NONE. THE MOTION CARRIES.

AND THERE IS ONE RENEWAL APPLICATION FOR 2018 0141 FOR LOUISIANA FISH PRO FISH FRY PRODUCTS LIMITED IN EAST BATON ROUGE PARISH. GREAT. DO WE HAVE A MOTION? I HAVE A MOTION FROM MAYOR TO SECOND FROM MR. NASSAR. ANY QUESTIONS OR COMMENTS FROM THE BOARD? HEARING NONE. ANY COMMENTS FROM THE PUBLIC? THERE IS NONE.

ALL IN FAVOR, SAY AYE. AYE. ANY OPPOSITION? THERE IS NONE.

[00:05:03]

THANK YOU SIR. HAVE A GREAT DAY. GOOD MORNING. GOOD MORNING, MISS MONTOYA. HOW ARE YOU TODAY? I'M GOOD. HOW ARE YOU? DOING GOOD. THANK YOU. I HAVE SIX NEW APPLICATIONS.

[6. Enterprise Zone Program – Joyce Metoyer]

2020 0446 WILLIS KNIGHT MEDICAL CENTER INCORPORATED, CADDO PARISH.

OKAY. DO WE HAVE A MOTION FOR THESE ENTERPRISE ZONE APPLICATIONS? MR. CHAIRMAN, I NEED TO RECUSE MYSELF FROM TURNER INDUSTRIES GROUP.

GREAT. PLEASE LET THAT RECUSAL BE NOTED. ANY MOTION FOR MR. NASSER? SECOND, FOR MR. WILLIS. ANY QUESTIONS OR COMMENTS FROM THE BOARD? HEARING NONE. ANY COMMENTS FROM THE PUBLIC? HEARING NONE.

ALL IN FAVOR SAY AYE. AYE. ANY OPPOSITION? THERE IS NONE.

THE MOTION CARRIES. THERE ARE 12 CONTRACT TERMINATION REQUESTS IN ACCORDANCE WITH SECTION 717 D OF THE ENTERPRISE ZONE PROGRAM RULES.

A BUSINESS MAY SUBMIT A REQUEST TO TERMINATE THEIR ENTERPRISE ZONE CONTRACT F.1.

THE CONTRACT HAS BEEN IN EFFECT FOR AT LEAST 30 MONTHS.

TWO. THE BUSINESS HAS MET ALL THE REQUIREMENTS OF THE PROGRAM, WHICH INCLUDES TIMELY FILING OF ALL PROGRAM FORMS, DOCUMENTS AND APPROPRIATE FEES. THE FOLLOWING CONTRACTS WERE PREVIOUSLY APPROVED BY THE BOARD OF COMMERCE AND INDUSTRY, AND THE CONTRACT HOLDERS LISTED BELOW HAVE SUBMITTED A REQUEST TO TERMINATE THEIR ENTERPRISE ZONE CONTRACT.

THE CONTRACT TEAM UNDERSTANDS THE BOARD DECISION IS FINAL AND CONTRACTS CANNOT BE REINSTATED OR REACTIVATED.

2018 0528. GUARANTEE. RESTORATION. RESTORATION.

RESTORATION SERVICES LLC. EAST BATON ROUGE PARISH.

THE EXISTING CONTRACT IS EIGHT ONE 2019 TO 731 2024.

THE REQUESTED TERM DATE IS 731 2023 0444 LANE SENIOR CARE LLC, EAST BATON ROUGE PARISH. AND IT'S 11 520 TO 11 FOUR, 20, 25 IS THE EXISTING CONTRACT.

THE REQUESTED TERM DATE IS NOVEMBER 4TH, 2023, 2020 0296.

OCHSNER CLINIC FOUNDATION, ASCENSION PARISH. THE EXISTING CONTRACT PERIOD IS 1213 2020 TO 1212 2025.

THE REQUESTED TERM DATE IS 1212 2023 2020 0303 OCHSNER CLINIC FOUNDATION, SAINT MARY PARISH.

THE EXISTING CONTRACT IS 730 2020 TO 729 2025.

THE REQUESTED TERM DATE 729 2023 2021 0016 WITCHES OF GENTILLY, LLC, ORLEANS PARISH.

THE EXISTING CONTRACT IS ONE 122 TO 1231 2026 THE REQUESTED TERM DATE 1231 2024 2020 0355. TANGUY PONS POND SENIOR CARE, LLC.

TANGIPAHOA PARISH. THE EXISTING CONTRACT IS 831 2022 830 2025.

THE REQUESTED TERM DATE IS 830 2023 2016 1119.

THE NATIONAL WORLD WAR II MUSEUM INCORPORATED ORLEANS PARISH.

THE EXISTING CONTRACT IS TEN 120 TO 930 2025.

THE REQUESTED TERM DATE IS FOR ONE 2023 2020 0206.

TURNER INDUSTRIAL MAINTENANCE, LLC, EAST BATON ROUGE PARISH.

THE EXISTING CONTRACT IS 62920 TO 628 2025, AND THE REQUESTED TERM DATE IS 1231 2023 2020 0201. TURNER INDUSTRIES GROUP IS BATON ROUGE PARISH.

THE EXISTING CONTRACT IS NINE ONE 2022 831 2025.

THE REQUESTED TERM DATE IS 1231 2023 2020 0202.

TURNER SPECIALTY SERVICES, LLC. EAST BATON ROUGE PARISH THE EXISTING CONTRACT IS APRIL 1ST OF 2021 2331 2026.

THE REQUESTED TERM DATE IS 1231 2023 2020 0208.

[00:10:06]

THE EXISTING CONTRACT IS APRIL 1ST, 2021 TO 331 2026.

THE REQUESTED TERM DATE IS 1231, 2023 AND 2020 0464.

CONRAD SHIPYARD CONRAD SHIPYARD, LLC. SAINT MARY PARISH, 1111 2020 THROUGH 1110 2025, AND THE REQUESTED TERM DATE IS 1110 2023. GREAT. DO WE HAVE A MOTION TO RECUSE MYSELF FROM TURNER INDUSTRIES GROUP. SO IS IT JUST TURNER INDUSTRY GROUP OR IS ALL THE TURNER JUST.

OKAY. GOT IT. GREAT. THANK YOU. EXCUSE ME. SO WITH THAT MR. MACKENZIE RECUSAL. DO WE HAVE A MOTION TO APPROVE? MOTION FOR MR. MILLER. SECOND FOR MR. AUSTIN.

ANY QUESTIONS OR COMMENTS FROM THE BOARD? HEARING NONE.

ANY COMMENTS FROM THE PUBLIC? THERE BEING NONE.

ALL IN FAVOR SAY AYE. AYE. ANY OPPOSITION? THERE IS NONE.

THE MOTION CARRIES. I NEED TO MAKE A CORRECTION FOR 2020 0303 OXFORD CLINIC FOUNDATION. I SAID, SAINT MARY, IT'S SAINT TAMMANY PARISH, AND THAT'S 730.

2020 TO 729 2025 WITH A REQUEST FOR TERM DATE OF 729 2023.

WHAT'S THE CORRECTION? I SAY THE WRONG PARISH.

OH, THE WRONG PARISH. OH, OKAY. I DON'T THINK I'M GOING TO MAKE A RULING THAT DOESN'T CHANGE THE SUBSTANCE OF THE MOTION.

SO WE'RE GOING TO CONTINUE WITH THE VOTE. THANK YOU FOR THE CORRECTION, THOUGH.

GOOD MORNING, MISS JOHNSON. MR. OSA. GOOD MORNING.

GOOD MORNING. ALL RIGHT. WHO GOES FIRST. WE HAVE ONE.

[7. Industrial Tax Exemption – Kristin Johnson/Hud Usie]

ALL RIGHT. GIVEN THE, WE ARE THESE PRE EO RULES AND THIS IS A I THINK PHASE E FOR MARATHON. IS THERE SOMEONE HERE FROM MARATHON THAT COULD COME UP AND.

YOU'LL PULL THE MIC UP TO YOU AND GIVE US YOUR NAME AND YOUR POSITION WITH THE COMPANY, PLEASE.

LINDSAY SEMINOLE, AND I'M THE ETAP COORDINATOR.

THANK YOU. THANK YOU, MISS SIMONEAU. JUST GIVE US AN IDEA, BECAUSE ESPECIALLY WITH THIS BOARD, WITH A LOT OF NEWER BOARD MEMBERS, MARATHON HAS OBVIOUSLY BEEN DOING A LOT OF WORK UNDER THIS CONTRACT FOR A NUMBER OF YEARS, BUT KIND OF BRING US UP TO DATE A ON WHERE WE'VE BEEN BE WHAT THIS APPLICATION AND WHAT THE COMPANY FORESEES MOVING FORWARD.

OKAY. SO THIS PROJECT IS BASED ON TURNAROUND PHASES.

SO WE ARE UPGRADING SAFETY INSTRUMENTS THROUGHOUT THE REFINERY.

AND THEY CAN ONLY BE UPGRADED AT THE TIME DURING THE TURNAROUND OF THAT UNIT WHEN THE UNITS ARE DOWN.

SO IT'S IN PHASES. SO EACH YEAR DIFFERENT UNITS.

I THINK THIS IS PHASE FIVE AND WE HAVE IT THROUGH 2028 BASED ON THE DIFFERENT UNITS ON THEIR TURNAROUND SCHEDULE.

SO HOW MANY HOW MANY MORE DO YOU ANTICIPATE AFTER THIS ONE.

I WOULD SAY FOR ONE, FOR EACH YEAR WE'VE JUST BEEN FOLLOWING BY YEAR THIS FACILITY.

THE MARATHON FACILITY. HOW LONG HAS IT BEEN IN IN PLAY DOWN THERE? HOW? WHEN DID IT BEGIN OPERATION? I THINK IT WAS IN 1979.

SO WE'VE BEEN AROUND A LONG TIME. SO NOW. NOW WHAT WE'RE DOING IS UPGRADING, AND WE'RE FOLLOWING SAFETY STANDARDS THAT WE HAVE ON OUR SITE AND UPGRADING THEM. GREAT. OKAY. AND SO, MARATHON MADE AN APPLICATION FOR ALL OF THIS UPGRADE BACK BEFORE THE EO.

SO THEREFORE THAT WAS THE REASON FOR THE 100% TAX ABATEMENT.

SO NOW WHAT WE'RE DOING IS AS YOU AS YOU FACE EACH NEW PHASE OF THE TURNAROUND AND THE NEW PHASE OF THE UPDATE UPGRADE, THERE'S A NEW A NEW APPLICATION. YES. OKAY. WE HAVE IT GOING.

I THINK THROUGH 2028. OKAY. I'M WITH YOU. OKAY.

I JUST WANTED TO BE SURE BECAUSE. PEOPLE WILL ASK ME, JERRY, WHY ARE WE STILL HAVING PRE EO CONTRACTS ESPECIALLY WE WERE HAVING WITH

[00:15:02]

SO I WANTED TO KIND OF CREATE A RECORD AND MAKE SURE THIS BOARD UNDERSTANDS HOW WE GOT HERE, WHERE WE'RE GOING, SO WE CAN KNOW WHAT TO EXPECT.

ANY OTHER QUESTIONS ABOUT THIS FROM THE BOARD? MR. MAYOR? IN THE SPIRIT OF WHY YOU ASK THE QUESTION, SO IS THIS TURNAROUNDS HAPPEN ALL THE TIME? CORRECT? YES. SO IS THIS SOMETHING THAT WILL JUST REMAIN OPEN IN PERPETUITY, OR DO BUT WE HAVE AN END DATE FOR THIS, THIS ONE AS 2028, BECAUSE THAT'S WHAT WE HAD FILED FOR.

OKAY. ALL RIGHT. YEAH. KNOW THAT WE WOULD LIKE TO SEE MARATHON HANG AROUND FOR A THOUSAND YEARS, BUT WE WON'T HAVE EXCEPT CONTRACTS UNDER THIS APPLICATION FOR A THOUSAND YEARS, I PROMISE.

AT LEAST NOT ON MY WATCH. ALL RIGHT. ANY OTHER QUESTIONS? DO WE HAVE A MOTION? I DON'T THINK I ASKED FOR A MOTION YET.

OKAY. DO WE HAVE A MOTION TO APPROVE A MOTION FOR MR. NASSER, SECOND FROM MR. AUSTIN. ANY QUESTIONS OR COMMENTS? ANY OTHER QUESTIONS OR COMMENTS? THERE BEING NONE.

ANY COMMENTS FROM THE PUBLIC? HEARING NONE. ALL IN FAVOR, SAY AYE.

AYE. ANY OPPOSITION? THERE IS NONE. THE MOTION CARRIES.

THANK YOU MA'AM. NEXT WE HAVE TEN NEW APPLICATIONS FOLLOWING THE POST.

EO 2018 ETAP RULES 2022-A BIENVILLE LUMBER COMPANY LLC IN BIENVILLE PARISH. 2020 20110-B GEORGIA-PACIFIC PORT HUDSON LLC.

EAST BATON ROUGE PARISH. 2023 0387 GULF ISLAND LLC, TERREBONNE PARISH.

2023 0024-A INTERNATIONAL PAPER COMPANY. WASHINGTON PARISH.

2023 0025-A INTERNATIONAL PAPER COMPANY. DESOTO PARISH.

2020 10538-B LOUISIANA SUGAR REFINING, LLC. SAINT JAMES PARISH.

2023 0163 PLASTIC PACKAGING, INC., RAPIDS PARISH.

2023 0468 STETTLER INC.. LAFAYETTE PARISH. 2020 20075-B THE PROCTER AND GAMBLE.

THE PROCTER AND GAMBLE MANUFACTURING COMPANY REPEATS PARISH IN 2019.

0290D WESTLAKE VINYLS COMPANY LP IN ASCENSION PARISH.

DO WE HAVE A MOTION TO APPROVE THESE APPLICATIONS? WE A MOTION MR. KELLY A SECOND FROM MR. AUSTIN.

ANY QUESTIONS OR COMMENTS FROM THE BOARD? THERE ARE NONE.

ANY COMMENTS? EXCUSE ME. ANY QUESTIONS FROM THE PUBLIC? THERE ARE NONE. ALL IN FAVOR, SAY AYE. AYE. ANY OPPOSITION? THERE IS NONE. THE MOTION CARRIES. NEXT, WE HAVE 2022 NEW APPLICATIONS FOLLOWING THE POST 2024 EMERGENCY RULES 2025 0096 BLUE MORPHO, LLC. TANGIPAHOA PARISH 2024 0148 COCA-COLA BOTTLING COMPANY UNITED GULF COAST LLC, JEFFERSON PARISH 2024 0231 GARY VILLE REFINING LOGISTICS, LLC. SAINT JOHN THE BAPTIST PARISH, 2024 0233 GARIN REFINING LOGISTICS, LLC, SAINT JOHN THE BAPTIST PARISH. 2024 0136. HOOD CONTAINER OF LOUISIANA, LLC.

WEST FELICIANA PARISH. 2024 0473. INDORAMA VENTURES OLEFINS, LLC.

CALCASIEU PARISH. 2024 0230. MARATHON PETROLEUM COMPANY, LP.

SAINT JOHN THE BAPTIST PARISH. 2024 0232. MARATHON PETROLEUM COMPANY, LP.

SAINT JOHN THE BAPTIST PARISH. 2025 0034. MARATHON PETROLEUM COMPANY, LP.

SAINT JOHN THE BAPTIST PARISH. 2025 0076. MARATHON PETROLEUM COMPANY, LP.

SAINT JOHN THE BAPTIST PARISH. 2025 0078. MARATHON PETROLEUM COMPANY, LP.

SAINT JOHN THE BAPTIST PARISH. 2024 0307. NOBLE PLASTICS LLC.

SAINT LANDRY PARISH 2024 0308. NOBLE PLASTICS LLC.

SAINT LANDRY PARISH 2024 0420. PACKAGING CORPORATION OF AMERICA.

BEAUREGARD PARISH 2024 0421. PACKAGING CORPORATION OF AMERICA.

BEAUREGARD PARISH 2024 0432. PACKAGING CORPORATION OF AMERICA.

BEAUREGARD PARISH 2024 0433. PACKAGING CORPORATION OF AMERICA BEAUREGARD PARISH 2024 0084. PLASTIC PACKAGING, INC.. RAPIDS PARISH 2024 0318.

[00:20:06]

LOUISIANA LLC. IBERVILLE PARISH 2024 03748. SOUTHLAND STEEL FABRICATORS, INC..

SAINT HELENA PARISH AND 2024 0087. SEVEN. VALERO REFINING NEW ORLEANS LLC IN SAINT CHARLES PARISH.

ALL RIGHT. DO WE HAVE A MOTION FROM MAYOR TO SECOND MISS MCGEES? ANY QUESTIONS OR COMMENTS FROM THE BOARD? HEARING NONE.

ANY COMMENTS FROM THE PUBLIC? HEARING NONE. ALL IN FAVOR SAY AYE.

AYE, AYE. ANY OPPOSITION? THERE IS NONE. THE MOTION CARRIES.

WE HAVE TWO RENEWALS FOLLOWING THE 2017 RULES.

2017 0239 LASALLE BIOENERGY LLC, LASALLE PARISH AND 2017 0273 PHILLIPS 66 PARTNERS LP IN CALCASIEU PARISH. ALL RIGHT. DO WE HAVE A MOTION FOR MR. NASSER? I'M SORRY, MR. CHAIRMAN. ALL RIGHT. PLEASE NOTE THAT RECUSAL FOR THE RECORD, FOR MR. MCGEE. WE HAVE A MOTION FROM MR. NASSER, SECOND FROM FOR MR. MOSS TO APPROVE THESE RENEWALS. ANY QUESTIONS OR COMMENTS FROM THE BOARD? HEARING NONE. ANY COMMENTS FROM THE PUBLIC? THERE IS NONE.

ALL IN FAVOR, SAY AYE. AYE. ANY OPPOSITION? THERE IS NONE.

THE MOTION CARRIES. NEXT, WE HAVE FIVE TIMELY RENEWALS FOLLOWING THE POST.

EO 2018 RULES 2017 0466. THE FOLGER COFFEE COMPANY, ORLEANS PARISH, 2017 0467. THE FOLGER COFFEE COMPANY, ORLEANS PARISH, 2018 0297.

THE FOLGER COFFEE COMPANY, ORLEANS PARISH, 2018 0298.

THE FOLGER COFFEE COMPANY, ORLEANS PARISH. AND 2018 0053-A W.R.

GRACE AND CO, SAINT CHARLES PARISH. ALRIGHT. DO WE HAVE A MOTION TO APPROVE? MOTION FOR MR. MILLER? SECOND, MR. MIELE. ANY QUESTIONS OR COMMENTS FROM THE BOARD.

THERE IS NONE. ANY COMMENTS FROM THE PUBLIC? HEARING NONE.

ALL IN FAVOR SAY AYE. AYE. AYE. ANY OPPOSITION? THERE IS NONE. THE MOTION CARRIES. WE HAVE ONE LATE RENEWAL APPLICATION FOLLOWING THE POST.

EO 2018 RULES 2018 0498 NB MACHINE WORKS, LLC IN TERREBONNE PARISH.

INITIAL CONTRACT EXPIRATION DATE 1231 OF 2024.

LATE RENEWAL REQUEST DATE FEBRUARY 26TH OF 2025.

OKAY. DO WE HAVE ANYONE HERE FROM JMB? HAVE A SEAT, PLEASE. GOOD MORNING. PLEASE PULL THE MIC UP TO YOUR.

AND THEN STATE YOUR NAME AND YOUR POSITION WITH THE COMPANY, PLEASE.

YES. MY NAME IS SCOTT ABBOTT. I'M THE RISK MANAGER FOR K AND B INDUSTRIES.

OKAY. ANYTIME WE HAVE A SITUATION WITH LATE RENEWALS, WE ALWAYS LIKE TO FIND OUT WHAT'S GOING ON, WHAT CAUSED IT, SO WE CAN BETTER UNDERSTAND HOW WE NEED TO MOVE FORWARD.

SO YOU KIND OF GIVE US A RUNDOWN OF THAT. IT WOULD BE HELPFUL.

BASICALLY, I JUST MISSED IT. I DID ALL MY TIMELY FILINGS FOR THE, FOR THE YEAR FOR THE 2024 YEAR, AND I MISSED IT. I JUST MISSED THE RENEWAL. I MEAN, THERE'S NOTHING ELSE I CAN REALLY SAY.

I WISH YOU COULD TEACH MY KIDS HOW TO SAY THAT, YOU KNOW? BUT, YEAH, WELL, WE UNDERSTAND HOW IT HAPPENS.

UNFORTUNATELY, THIS IS ONE OF THOSE SITUATIONS WHERE MIS HAS CONSEQUENCES.

YES, SIR. UNDER OUR RULES THAT THERE'S WITH LATE FILING, THERE IS A MANDATORY ONE YEAR PENALTY FOR THE FOR THE BENEFIT OF THAT, WE THE BOARD BASICALLY HAS THE OPTION OF REFUSING TO RENEW OR RENEWING WITH THE ONE YEAR PENALTY.

SO I WILL NOW TAKE A MOTION FROM THE BOARD AS TO WHICH DIRECTION IT WANTS TO GO.

I HAVE A MOTION FOR MR. MILLER TO APPROVE RENEWAL WITH A ONE YEAR PENALTY, AND A SECOND FOR MR. MOSS. DO WE HAVE ANY OTHER QUESTIONS OR COMMENTS FROM THE BOARD? WE HAVE, YES, MR. MEALY. SURE. SO I WAS READING JUST A COUPLE OF, YOU KNOW, A WEEK OR SO AGO, GOING A LITTLE BIT DEEPER BELOW WHAT THE RULES ARE AND IS THE PENALTY THE LOSS FOR ONE YEAR, OR IS IT THE LAW FOR EVERY MONTH THAT YOU'RE LATE? IT'S A GREAT QUESTION. THE WAY THE BOARD HAS ALWAYS APPLIED, IT IS ONE YEAR PER IF YOU'RE LATE,

[00:25:07]

WE DO NOT APPLY IT PER MONTH. OKAY. BUT YOU'RE RIGHT.

THE WAY THE THE WAY THE BOARD. THE WAY THE BOARD HAS INTERPRETED, BUT THE WAY IT'S WRITTEN.

WE COULD APPLY A PENALTY FOR EVERY MONTH YOU'RE LATE.

I'M ALL FOR THE ONE. JUST A YEAR. YEAH. YEAH.

I JUST WANT TO. I JUST DON'T WANT TO HAVE TO CREATE SOMETHING THAT.

THEN WE HAVE TO COME BACK. NO, I, THAT HAS BEEN A MATTER OF CONTENTION OF THE BOARD EVER SINCE THIS RULE WAS PASSED.

AND THE BOARD HAS HISTORICALLY GONE WITH ONE YEAR FOR, FOR EACH YEAR.

MR. MEALY, THE RULES ALSO SAY THE BOARD MAY IMPOSE ANY OTHER PENALTY FOR LATE RENEWAL SUBMISSION THAT IT DEEMS APPROPRIATE.

SO I THINK THAT'S HOW THE BOARD HAS BEEN GOING WITH A YEAR FOR EVERY YEAR THAT IT'S LATE FOR A PORTION OF A YEAR.

THANK YOU. RIGHT. ANY OTHER QUESTIONS OR COMMENTS? ALL RIGHT. ALL IN FAVOR SAY AYE. AYE. ANY OPPOSITION? THERE IS NONE. THE MOTION CARRIES. THANK YOU SO MUCH.

GOOD BIT. THANK YOU CHRIS. AND LAST WE HAVE 131 OPT OUT JOBS.

PAYROLL AND COMPLIANCE COMPONENTS EXHIBIT A AMENDMENTS.

YOU CAN READ THEM IN 30S. I WANT YOU TO READ THEM.

IF NOT, THEN I WOULD ENTERTAIN A MOTION THAT WE ACCEPT ALL OF THESE IN GLOBO.

HAVE A MOTION FOR MR. MA, SECOND FROM MR. NASSER.

ANY QUESTIONS OR COMMENTS FROM THE BOARD? HEARING NONE.

ANY COMMENTS FROM THE PUBLIC? MR. CHAIRMAN? YES.

SPEAKING TO THE MIC, MR. MINGUEZA, MAKE SURE THE COURT REPORTER CAN PICK UP.

THERE WE GO. I NEED TO RECUSE MYSELF FROM ARROW AVIATION.

STERLING SUGARS M&A. PATU AND SONS. DELTA BIOFUEL.

THAT IS IT. ALL RIGHT. NOTE THOSE REFUSALS. RIGHT.

I HAVE A MOTION AND SECOND. RIGHT. YES. OKAY, I HAVE A MOTION.

SECOND. ALL IN FAVOR, SAY AYE. AYE. ANY OPPOSITION? THERE IS NONE. THE MOTION CARRIES. VERY GOOD.

THAT CONCLUDES ITEM. THANK YOU. ALL RIGHT. WITH THAT I DON'T THINK THERE'S ANY OTHER BUSINESS TO COME BEFORE THE BOARD, BUT I WOULD GIVE THIS OPPORTUNITY TO SECRETARY SUSAN BOURGEOIS TO BRING US UP TO DATE WITH ALL THE THINGS.

[9. Secretary Remarks – Secretary Susan Bourgeois]

THANK YOU, MR. CHAIRMAN. SO, JUST AS TWO QUICK REMINDERS, I ASSUME EVERYONE IN THIS ROOM KNOWS THIS, BUT BUT WE DO WANT TO MAKE SURE WE'RE REMINDING EVERYONE.

COMPANIES WITH ETF CONTRACTS EXISTING UNDER 2017 AND 2018 RULES MAY OPT OUT OF THE JOBS, PAYROLL AND COMPLIANCE COMPONENTS BY AMENDING EXHIBIT A'S TO REFLECT ZERO JOBS AND ZERO PAYROLL, REGARDLESS OF WHETHER THE CONTRACT IS UP FOR RENEWAL.

AND THE SECOND REMINDER FOR EVERYONE IS THAT BOTH EASY AND SUNSET AS OF JULY 1ST OF THIS YEAR.

AND IN ORDER TO BE ELIGIBLE TO APPLY FOR EASY AND BENEFITS, THE ADVANCE NOTIFICATION WITH ASSOCIATED FEE MUST BE FILED ON OR BEFORE JUNE 30TH, 2025. I WILL SAY AS EVIDENCED BY THAT LENGTHY LAST PORTION OF OUR AGENDA, THERE'S BEEN A VERY AGGRESSIVE UPTICK IN THE WORK THAT WE'VE DONE IN THAT SPACE.

I HAD SOME COMMENTS EARLIER FROM A FEW FELLOW BOARD MEMBERS OF REALLY PRAISING THE DEPARTMENT FOR HOW WE'RE STREAMLINING ALL THIS.

AND I WANT TO TAKE THIS OPPORTUNITY TO PRAISE THE ACTUAL FOLKS WHO ARE DOING IMMENSE AMOUNT OF WORK TO STREAMLINE ALL THESE PROCESSES.

THE TEAM SITTING HERE, OUR LEGAL TEAM AND OUR INCENTIVES TEAM HAVE DONE ALL THE WORK THAT GO INTO THIS MUCH SHORTENED AGENDA FOR US.

AND I CAN'T GIVE THEM ENOUGH CREDIT AND PRAISE FOR THE AMOUNT OF WORK THEY'VE DONE TO MAKE THE EXTERNAL RIGHT.

EXPERIENCE THAT YOU'RE HAVING AND THE END USER EXPERIENCE YOU'RE HAVING THAT MUCH MORE STREAMLINED AND EFFICIENT.

SO INCREDIBLY GRATEFUL TO THEM FOR ALL OF THAT.

AND THAT SEGWAYS ME INTO HOW MUCH MORE WORK THEY'RE GOING TO CONTINUE TO HAVE TO DO, BECAUSE WE HAD A GREAT SESSION AND SOME OF THE BENEFITS THE PACKAGE OF THE PACKAGE THAT WE PRESENTED THIS LEGISLATIVE SESSION, ONE OF THE PRIMARY THINGS IT DID THAT IT MOVED A GREAT DEAL OF ARE THE SPECIFICS AROUND OUR EXISTING INCENTIVES AND THEN OUR NEW INCENTIVE INTO RULEMAKING INSTEAD OF INTO STATUTE, WHICH WE JUST THINK, FRANKLY, IS IS GOOD POLICY RIGHT, TO NOT HAVE TO GO TO THE LEGISLATURE TO CHANGE A WORD HERE OR AN EXAMPLE THERE

[00:30:01]

AT THE END OF THE DAY, EVERYTHING WE'RE DOING IN THE DEPARTMENT IS TO MAKE US MORE COMPETITIVE. THEREFORE, MAKING YOU AND YOUR BUSINESS IS MORE SUCCESSFUL IN THE STATE.

SO HERE ARE THE SPECIFICS ABOUT OUR SESSION. NUMBER ONE.

AS WE MENTIONED, BOTH QUALITY JOBS AND EASY OR SUN SETTING AS WELL OF A FEW OF OUR OTHER INCENTIVES.

BUT WHAT BEGINS ON JULY 1ST IS A NEW PROGRAM THAT WE HAVE TITLED HIGH IMPACT JOBS, AND THE INTENTIONALITY AROUND THAT PROGRAM IS REALLY TO DRIVE AND MEASURE WAGE GROWTH. THE BENEFIT OF THAT INCENTIVE IS BASED ON THE DELTA BETWEEN THE AVERAGE WAGE IN A PARISH AND WHAT THE JOB WILL PAY.

AND WE TOOK BEST PRACTICES FROM AROUND THE COUNTRY AND SORT OF FORMED IT INTO THIS NEW PROGRAM THAT WE'RE INCREDIBLY EXCITED ABOUT AND BELIEVE WE WILL BE ABLE TO MEASURE REAL RETURN VERY QUICKLY ON THAT. ALL THE SPECIFICS OF THAT WILL ALSO BE IN RULEMAKING.

AND SO WE'VE ALREADY BEGUN THE FRAMEWORK OF THAT.

BUT YOU CAN WATCH AND PARTICIPATE IN THAT PROCESS AS IT MOVES FORWARD.

THE SECOND PIECE THAT IS REALLY INCREDIBLY INNOVATIVE FOR DEPARTMENTS OF ECONOMIC DEVELOPMENT AROUND THE COUNTRY, IS THAT OUR STATE LEGISLATURE GAVE US A PRETTY MASSIVE INFLUX OF DOLLARS INTO WHAT WE'RE CALLING A SITES AND INFRASTRUCTURE FUND.

BUT THE DIRECTION THAT CAME WITH THAT IS THAT THIS IS A VERY NONTRADITIONAL FUND, IN THAT THIS ISN'T LED WILL STRICTLY GO BUY LAND, ACQUIRE LAND, OR GO PAY FOR A ROAD.

THE INTENTIONALITY OF THIS FUND AND THIS IS GOING TO REQUIRE A LOT OF RULEMAKING AROUND THIS, AS WELL AS REALLY MORE TO BE A REVOLVING LOAN FUND SO THAT WHEN THE STATE WHEN LED AND REALLY PRACTICALLY WHEN THE STATE GENERAL FUND, IF YOU LOOK AT IT IS INVESTING IN A PROJECT IS INVESTING IN SOMETHING THAT CAN EITHER IMMEDIATELY OR IN THE MIDTERM, TURN INTO A TREMENDOUS ECONOMIC DEVELOPMENT WIN THAT THE STATE THE STATE GENERAL FUND FRANKLY THIS ALSO THIS SITES FUND INSIDE OF LED HAS A RETURN FOR IT.

SO A SIMPLE EXAMPLE OF THAT IS THE LAND THE STATE OWNED FOR THE META PROJECT, META IS NOW PAYING AN ANNUAL LEASE PAYMENT TO THAT.

THAT PAYMENT WILL GO INTO THIS FUND. RIGHT. BUT ANY DEAL WE DO IN THE FUTURE THAT INVOLVES DOLLARS OUT OF THIS FUND WILL ALSO HAVE A BUSINESS PLAN ATTACHED TO IT FOR HOW BOTH THE FUND AND THE STATE ARE GETTING A RETURN. SO IT'S AN INCREDIBLY AGGRESSIVE INVESTMENT BY THE LEGISLATURE, WHICH WE'RE GRATEFUL FOR. IT WILL REQUIRE A LOT OF WORK INSIDE OF THE DEPARTMENT TO PUT ALL THE MEAT ON THOSE BONES THAT I JUST DESCRIBED.

SO I WILL SAY TO YOU, FIRST AND FOREMOST, BE PATIENT.

BUT SECONDLY, BE PROUD BECAUSE IT IS REALLY GOING TO BE AN INNOVATIVE TOOL THAT MOST, IF ANY, OTHER STATES DO NOT HAVE. SO THAT WAS GREAT. SO THAT'S OUR OUR SESSION UPDATE.

THE OTHER PIECES WERE SOME HOUSEKEEPING, PRIMARILY.

I LIKE TO ALWAYS UPDATE YOU ON OUR PIPELINE AS OF LAST THURSDAY, SO I'LL GET NEW NUMBERS TOMORROW.

WE ARE WORKING 209 PRIORITY PROJECTS IN OUR PIPELINE REPRESENTING CLASSES.

53,000 NEW JOBS FOR THIS STATE AND ALMOST $200 BILLION IN POTENTIAL CAPEX FOR US.

SO THAT NUMBER JUST CONTINUES TO MOVE AGGRESSIVELY.

AND OUR BUSINESS DEVELOPMENT TEAM IS DOING A REMARKABLE JOB IN THAT WORK.

AND THEN THE LAST THING I'LL TELL YOU, BECAUSE IT'S REALLY TIMELY PART OF THE STORY ALREADY RAN THIS MORNING.

IT'S ON THE TOP OF THE CNBC WEB SITE. I'D ENCOURAGE YOU TO GO LOOK AT IT.

BUT SCOTT COHN WITH CNBC HAS SPENT THE LAST FOUR DAYS IN RICHLAND PARISH DOING A REALLY IN-DEPTH STORY ABOUT META AND HOW LOUISIANA GOT THAT DEAL AND THE SPEED THAT WE GOT THAT DEAL AND THE AND THE ELEMENTS OF IT.

IT'S A REALLY INTERESTING, IN-DEPTH STORY. I DID AN INTERVIEW.

PHILIP MAY FROM ENTERGY, DID AN INTERVIEW, META DID AN INTERVIEW.

AND THEN AT 130 TODAY, THE GOVERNOR WILL BE LIVE WITH SCOTT FOR HALF AN HOUR TALKING ABOUT IT.

WE DON'T KNOW. THIS IS A PUBLIC MEETING. WE DON'T KNOW THE PURPOSE OF THE THE IN-DEPTH STORY RIGHT NOW.

WE'RE INCREDIBLY GRATEFUL FOR IT. WE'RE INCREDIBLY GRATEFUL TO BE HIGHLIGHTED ON THIS NATIONAL STAGE.

AND WE KNOW THERE IS A BUILD UP TO ALL THINGS CNBC.

BEST STATES FOR BUSINESS THAT HAPPENS IN TWO WEEKS.

SECOND WEEK I THINK JULY 10TH ISH IS THEIR TIMING.

SO NO MATTER WHAT IS HAPPENING IN THE KARMA OF THIS SPACE, WE'RE REALLY GRATEFUL TO HAVE HAD THE OPPORTUNITY TO TELL THE STORY ON THE NATIONAL STAGE. I'M LOOKING FORWARD TO WATCHING THE GOVERNOR AT 1030 LIVE ON THE SITE.

[00:35:05]

SO REALLY GRATEFUL FOR THAT. THAT'S HAPPENING TODAY.

MR. CHAIRMAN, I THAT'S REALLY ALL OF MY TODAY'S UPDATES, BUT I APPRECIATE IT AND I'M HAPPY TO DISCUSS IT.

I KNOW WE DO THANKFULLY HAVE SOME TIME BECAUSE WE'VE BECOME SO EFFICIENT.

SO IF THERE'S ANYTHING ELSE YOU'D LIKE ME TO TALK ABOUT, I'M HAPPY TO. WE COULD GET A TRAVEL LOG ON HOW THE PARIS AIR SHOW WENT, BUT THAT WOULD PROBABLY BE INAPPROPRIATE FOR THIS.

THIS WELL, THANK YOU SECRETARY BOURGEOIS, BECAUSE IT IT HAS BEEN REMARKABLE TO WATCH WHAT HAS HAPPENED IN THIS ADMINISTRATION. WE'VE REWRITTEN THE ETAP RULES.

WE'VE WE HAD JUST IN IN WITHIN. THAT HAD TO BE A COMPLETE REWRITE OF THE RULES.

REWRITE OF THE WEBSITE, REWRITE OF THE SOFTWARE.

I MEAN, IT'S TO TO TO SECRETARY'S POINT WHEN YOU WHEN YOU MAKE A CHANGE, IT'S IT'S NOT JUST MAKING THE CHANGE.

THERE'S A LOT OF DOMINOES THAT HAVE TO FALL TO MAKE IT WORK.

AND THANK YOU TO YOU, YOUR LEADERSHIP, SECRETARY BOUCHARD, AS WELL AS THE WORK OF EVERYONE WITHIN THE DEPARTMENT THAT HAS MADE THIS HAPPEN BECAUSE IT IT WILL MAKE LOUISIANA CONTINUE TO BE IN THE TOP TIER OF ECONOMIC DEVELOPMENT STATES, NOT IN THE LAST TIER.

AND THAT'S WHERE WE WANT TO BE ANYTHING ELSE FOR THE GOOD OF THE ORDER TODAY.

IF NOT, ENTERTAIN A MOTION TO ADJOURN. MOTION FAMILIAR TO SECOND FROM MR. NASSER. ALL IN FAVOR, SAY AYE. WE ARE ADJOURNED.

THANK YOU. WE'LL SEE YOU IN TWO MONTHS.

* This transcript was compiled from uncorrected Closed Captioning.