BATON ROUGE, La. — Louisiana Economic Development (LED) has launched the Louisiana FastSites program, a $150 million initiative aimed at transforming land and infrastructure into project-ready sites that can attract new business investments and strengthen the state’s competitive edge.
Funded through the Site Investment and Infrastructure Fund created by Act 365 during the 2025 Regular Legislative Session, FastSites is designed to help local and regional partners expand the state’s inventory of development-ready properties. The program prioritizes projects that reduce risk, save time, and lower costs for prospective businesses.
“This is one of the most forward-thinking site development models in the country,” said LED Chief Economic Competitiveness Officer Ileana Ledet. “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 requires funded projects to demonstrate measurable returns, attract private capital, and begin construction within nine months. Funding options include forgivable loans, performance-based partnerships, and infrastructure investments, giving the state flexibility to align support with each project’s economic potential.
By targeting infrastructure such as roads, utilities, and rail systems, FastSites aims to convert raw land into high-performance industrial sites that are ready for immediate and scalable growth.
Applications for the first round of FastSites funding open Oct. 30 and close Dec. 15. Eligible applicants include public entities such as municipalities, redevelopment authorities, and economic development organizations. Privately owned sites may also qualify if they meet specific criteria promoting local investment and long-term impact.
LED will host an informational webinar on Oct. 27 at 2 p.m. for potential applicants. Registration details and program guidelines are available at OpportunityLouisiana.com/FastSites.