There is no way around it, securing money these days is tough and two proposed bills in Louisiana seek a way to promote funds for new companies.  The two bill seek to give insurance companies that support new companies a tax break.  According to a recent article at Nola.com, “The business community has quickly rallied around the legislation, which could unleash as much as $200 million to promote entrepreneurship at a time when credit markets remain lock-jawed. Business leaders said the bills would both armor the state against recession in the short term and create a window for growth once the nation’s economy had recovered.”  Legislature goes into session Monday and the bills being examined here “ would reduce the tax insurance companies have to pay on the premiums they write in Louisiana. In exchange, the companies would have to invest in small businesses that have at least 80 percent of their employees based in this state.”  Insurance companies are seen as being stable and since they invest their money elsewhere it is seen as a good industry from which to both attract and draw funds from.  If a new form of venture capital is created in Louisiana it is also believed that Louisiana will then attract new companies to the state.  The bills are meant to keep Louisiana competitive with the rest of the country.

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