LEDC Approves $3 Million Incentive for Saronic Technologies
Louisiana Economic Development Corporation Board of Directors | State of LouisianaState · Baton Rouge, LA- Disclosed value
- $3 million
- From transcript
- Approved
- Mar 12, 2026
- Renews
- Free account
The 30-second brief
The Louisiana Economic Development Corporation approved a $3 million unsponsored EDAP incentive for Saronic Technologies. The Austin-based defense company will use the support for capital equipment and site improvements at its Franklin, Louisiana, production facility, with job and payroll commitments extending through 2035.
Saronic Technologies holds this contract with Louisiana Economic Development Corporation Board of Directors | State of Louisiana. Its other public contracts on record include work for Mississippi State Port Authority at Gulfport and West St Mary Parish Port Harbor And Terminal District.
The renewal date is on record. A free account shows it, with the renewals for every Louisiana Economic Development Corporation Board of Directors | State of Louisiana contract.
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Contract details
- Amount
- $3 million
- Document date
- March 12, 2026
- Term
- Through December 31, 2035; project must commence within 180 days of approval
- Renews
- Free account
- Vendor
- Saronic Technologies
- Source document
- Louisiana Economic Development Corporation Transcript Screening Meeting 2026-03-12 (Transcript)
Saronic Technologies's other public contracts
More Louisiana Economic Development Corporation Board of Directors | State of Louisiana contracts
Questions about this contract
Who was awarded the government contract by Louisiana Economic Development Corporation Board of Directors | State of Louisiana?
Saronic Technologies was awarded this government contract by Louisiana Economic Development Corporation Board of Directors | State of Louisiana, as recorded on March 12, 2026. The contract value is $3 million.
How much is the Saronic Technologies contract with Louisiana Economic Development Corporation Board of Directors | State of Louisiana worth?
The Saronic Technologies contract with Louisiana Economic Development Corporation Board of Directors | State of Louisiana is valued at $3 million.
What type of contract is this?
This is a government contract, documented as a transcript record.
Where was this contract approved?
This contract appears in Louisiana Economic Development Corporation Transcript Screening Meeting 2026-03-12 (Transcript), dated March 12, 2026 from Louisiana Economic Development Corporation Board of Directors | State of Louisiana. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Saronic Technologies hold?
Saronic Technologies may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Louisiana Economic Development Corporation Board of Directors | State of Louisiana currently buying?
Explore Louisiana Economic Development Corporation Board of Directors | State of Louisiana's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.