Louisiana Economic Development (LED) has launched Louisiana FastSites, a new $150 million initiative aimed at transforming undeveloped land and existing infrastructure into project-ready sites capable of attracting large-scale business investments. The program, funded through the Site Investment and Infrastructure Fund established by Act 365 in the 2025 legislative session, marks one of the state’s most ambitious efforts to streamline industrial development and strengthen long-term competitiveness.
“This is one of the most forward-thinking site development models in the country,” said Ileana Ledet, LED’s Chief Economic Competitiveness Officer. “FastSites aligns government efficiency with private-sector speed, ensuring Louisiana can meet the demands of global investment while strengthening our communities and infrastructure.”
The program emphasizes speed, accountability, and measurable impact. To qualify, projects must leverage private capital, demonstrate clear economic returns, and begin construction within nine months of approval. Funding options include forgivable loans, performance-based partnerships, or direct infrastructure investments, providing flexibility to match each project’s scale and strategic potential.
By investing in core infrastructure such as roads, utilities, and rail access, FastSites aims to convert underutilized land into high-performance economic hubs ready for immediate industrial activity.
The inaugural funding round opens October 30 and closes December 15. Eligible applicants include economic development organizations, municipalities, redevelopment authorities, and political subdivisions, with privately owned sites also qualifying under specific criteria designed to encourage local collaboration and sustained growth.
With FastSites, Louisiana is positioning itself as a national leader in site readiness—combining rapid development with strategic planning to accelerate investment and job creation across the state.
