Louisiana has started a $25 million program to help businesses still trying to recover from the four major hurricanes of recent years.
Grants of up to $2.5 million will be available to community-based or nonprofit organizations to deliver loans or technical assistance to small businesses and entrepreneurs.
Low-interest loans and technical help will be available to businesses in 20 parishes. The loans will range from $50,000 to $500,000
The money comes from federal funds the state received after hurricanes Katrina, Rita, Gustav and Ike.
The 20 parishes are Ascension, Assumption, Calcasieu, Cameron, East Baton Rouge, Iberia, Iberville, Jefferson, Lafourche, Livingston, Orleans, Plaquemines, Pointe Coupee, Rapides, St. Bernard, St. Landry, St. Mary, St. Tammany, Terrebonne and Vermilion.
Was this article valuable?
Here are more articles you may enjoy.
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base 
London Broker Howden Plots Giant Capital Raise on IPO Path 
Company at Center of Cyclospora Outbreak Complained to White House, Source Says 
As US Residential Solar Industry Craters, Florida Bucks Trend 
