House Resolution No. by Representative Jordan urges Louisiana Economic Development (LED) to conduct a study on the potential benefits of establishing a minority business development fund. The resolution highlights the systemic barriers that minority-owned businesses face in accessing capital, such as discriminatory lending practices and historical wealth exclusion. It emphasizes that these barriers contribute to the racial wealth gap in Louisiana, which has ongoing economic implications for the state. The resolution argues that state investment in minority business development can lead to significant returns, including increased tax revenue, job creation, and community wealth building, aligning with LED's mission to enhance the state's business environment.

The resolution outlines specific purposes for which loans from the proposed fund could be utilized, including working capital, equipment purchases, leasehold improvements, inventory acquisition, technology infrastructure, business acquisitions, and refinancing of high-interest debt. It mandates that LED report back to the Louisiana House of Representatives by January 1, 2027, detailing the findings of the study. Additionally, the resolution requires that copies of the report be submitted to the David R. Poynter Legislative Research Library and that a copy of the resolution be sent to the secretary of Louisiana Economic Development.