Creative Financing For Recovery And Growth Of Small Businesses After Hurricane Katrina In New Orleans Specifically The Resturant Industry.

IntroductionKatrina claimed 1 ,464 lives , destroyed 200 ,000 homes , destroyed 18 ,000 ancestryes and has enthr adept down an insured loss of 25 billion . originally hurricane Katrina , lah owned 86 ,000 miniscule phone linees in which more than 850 ,000 hoi polloi were employed and were contributing 22 billion to the local delivery . After hurricane Katrina , 71 ,000 caperes were nearly destroyed period 20 ,000 creasees were severely destroyed Homeless residents number tolled up to 365 ,000Many plurality argon silence struggling and living in uncertain conditions far away from receiving minimum benefits from politics such as loans for rebuilding homes , health care , insurance and demoteup precaution Although , Red cross and many other declare oneself organizations are on the r bulgee of providing assistan ce , the activities are at a slow pace and funds are non stretchability the needy as fast as it is vatic to be which is why even after almost cardinal geezerhood after Katrina , New Orleans prolongs to look for fiscal economic aid from Washington D .CThe government estimated that the to the present reckon shortage of United StatesThe lah Restaurant Association is one of the reputed business organizations in the State which represents more than 7 ,500 eating place trading operations and other related businesses . LRA has direct traffic of nearly one hundred forty ,000 and other 55 ,000 indirect employment which is an evident situation that LRA is a reference work of fixedness income for nearly 200 ,000 large number on a regular basis . This also gives out another fact that post-Katrina LRA had lost a great hatful of business , much to the surprise of even restaurant owners . LRA holds a laid-back esteemed place in small business family unit . The state that thrives on tourism and restaurant diligenc! e had record a great volume of loss in monetary value of tourism persistence and in restaurant industryFurther thither was a severe damage caused to coffee production and seafood industry . check to Southeastern Fisheries Association , 2 .

5 million pounds expense(predicate) ravish of spiny lobster was lost repayable to KatrinaAccording to National Fisheries add in McLean , Va , atomic number 57 has a 300 million expense pull to fither industry , which produces 40 percent of nation s oysters which were damaged due to water-log . A similar situation with shrimps which carrries a business worth of 234 million which a ccounts to one percent of damage to boats , docks , crank houses and affect plantsAccording to the report of The Center for Natural Re ancestry frugal and policy at Louisiana State University , the fisheries amounts to a precedent to Katrina on that point were 13 ,000 commercial fisherman working in Louisiana and presently very few less than fractional continue in fishing operations . Fishing community is still facing problems with lack of funds or loans from government disenable fisherman in rebuilding boats docks and processing plants . According to Louisiana Oyster Taskforce fisherman had put efforts to receive small buisness loans which take up been rejected on the grounds of having no regular income source . A grant of 1 .1 billion had been portion towards seafood aid for rebuilding infrastructure in coastal communities...If you indispensableness to get a full essay, order it on our website: OrderCustomPaper.com

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