Acadiana Business

Jindal backs state funding for UL-based program

by The Associated Press

BATON ROUGE, La. (AP) — The threat of closure for a 26-year-old business program headquartered at UL Lafayette that helps small businesses apply for government contracts appears to have been averted.

Gov. Bobby Jindal included the $185,000 needed to save the Louisiana Procurement Technical Assistance Center, known as PTAC, in his budget proposal for next year.6

Legislative support is expected.

Though the state financing needed for PTAC is small, questions were raised about its survival because Louisiana is grappling with a $1.6 billion budget shortfall. The U.S. Department of Defense provides money for the program, but requires a dollar-for-dollar match.

Supporters say PTAC has helped businesses across 54 parishes obtain $4.5 billion in government contracts since it opened in Louisiana.