BATON ROUGE – Louisiana Economic Development said in a press release that it has retained its status as an accredited economic development organization. The International Economic Development Council conferred accreditation on the state’s economic development agency following a one-year documentation process. LED remains the only state agency in the United States to achieve this status.
LED was first recognized as an accredited economic development organization in July 2018, joining 69 economic development groups around the world to achieve this status. Since then, LED has maintained its membership in AEDO due to its success and service to the people of Louisiana.
âLouisiana Economic Development displays the professionalism, commitment and technical expertise that deserve this honor,â said Jeff Finkle, President and CEO of IEDC.
To be officially accredited by the IEDC, an economic development organization must participate in an extensive documentation submission and site visit process. A comprehensive peer review process measures the organization against commonly accepted standards in the profession, such as strategy, organizational structure, funding, program offerings, and staffing. To be re-accredited, an OEDE must demonstrate positive results against a set of initial assessment recommendations.
“Louisiana Economic Development remains the only statewide accredited economic development agency in the country, confirming to the Louisiana business community that this administration is serious in growing our economy,” said the Governor John Bel Edwards. âUnder the leadership of Secretary Don Pierson, LED has delivered on its commitment to create new opportunities for our people and to support our state’s small business community. The IEDC’s assessment of LED and its efforts have shown once again that Louisiana is fulfilling its mission of stimulating a strong economy.
As part of its re-accreditation process, LED has been measured on its successes since the previous assessment, including providing innovative programs for small businesses, championing the resources and advancements of rural Louisiana, and scaling up the ambitious economic objectives of the State and efforts to diversify the sector.
âIt is an honor to have LED accreditation renewed by the IEDC,â said Pierson. âLED continues to work hard and picks herself up to meet any challenge. We are developing innovative new initiatives to support Louisiana’s small businesses, foster growth in our rural communities, and support the state’s economic momentum. Our award-winning organization also works to diversify our economy and prepare cities and towns for economic success. It is evident that we have achieved great achievements while meeting unprecedented challenges. This reaccreditation confirms that the hard work, passion and dedication of the entire LED team is recognized nationally and internationally. I am exceptionally proud of LED’s many accomplishments and it is a privilege for me to lead this team of professionals.