2017 Regular Session ENROLLED
SENATE RESOLUTION NO. 156
BY SENATOR JOHNS
A RESOLUTION
To commend the Louisiana Business Incubation Association for its contributions to the
economic prosperity of Louisiana and its businesses.
WHEREAS, the Louisiana Business Incubation Association (LBIA) is a state
association of business incubators and their supporters; LBIA was established in 1990 to
promote alliances among incubators, governmental agencies, and economic development
professionals to promote the growth and diversification of our state's businesses and
economy; and
WHEREAS, business incubators are an economic development tool designed to
accelerate the growth and success of entrepreneurial companies and to reduce the risk of
small business failures; and
WHEREAS, LBIA has helped inform communities about the importance of
incubation, and the association remains one of the state's strongest supporters of small
business in Louisiana; and
WHEREAS, LBIA provides the basis for mutually supportive business incubation
for its members, provides a vehicle to establish connections with community and economic
development organizations, improves the business climate for the incubator industry and
client firms, removes barriers to incubator and business growth, provides hands-on
management to help accelerate the development and growth of new businesses, and works
to build a business environment that supports new companies; and
WHEREAS, the goals of the LBIA are to create new and better jobs for Louisiana
citizens and help make local economies more robust; and
WHEREAS, the International Business Incubation Association estimates that in 2005
alone, North American incubators assisted more than twenty-seven thousand start-up
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companies that provided full-time employment for more than one hundred thousand workers
and generated annual revenue of more than seventeen billion dollars.
THEREFORE, BE IT RESOLVED that the Senate of the Legislature of Louisiana
does hereby commend the Louisiana Business Incubation Association for its contributions
to the economic prosperity of Louisiana and its businesses.
BE IT FURTHER RESOLVED that a copy of this Resolution be transmitted to the
Louisiana Business Incubation Association.
PRESIDENT OF THE SENATE
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