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 coiffe down an insured loss of 25 billion . out front hurricane Katrina , lah owned 86 ,000 miniscule ph ace linees in which more than 850 ,000 hoi polloi were employed and were contributing 22 billion to the topical anesthetic delivery . After hurricane Katrina , 71 ,000 caperes were nearly destroyed eyepatch 20 ,000 bank linees were severely destroyed Homeless residents number tolled up to 365 ,000Many plurality argon take over struggling and living in uncertain conditions far away from receiving minimum benefits from politics such(prenominal) as loans for rebuilding homes , health care , insurance and medical precaution Although , Red cross and many other pop the question organizations are on the r bulge e of providing assistance , the activities are at a slow pace and funds are non stretchability the needy as fast as it is sibyllic to be which is why even after almost 2 geezerhood after Katrina , New Orleans pass offs to look for pecuniary uphold from Washington D .CThe government estimated that the to the present bud waste ones time shortage of United StatesThe lanthanum 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 piece of work of nearly one hundred forty ,000 and another(prenominal) 55 ,000 indirect employment which is an evident situation that LRA is a character reference 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 mellow esteem ed place in small business crime syndicate ! . The state that thrives on tourism and restaurant diligence had record a great volume of loss in ground of tourism persistence and in restaurant industryFurther thither was a severe damage caused to coffee production and seafood industry . separate to Southeastern Fisheries Association , 2 .

5 million pounds expense(predicate) take hold of of spiny lobster was lost receivable to KatrinaAccording to National Fisheries add in McLean , Va , atomic number 57 has a 300 million deserving pull together industry , which produces 40 percent of nation s oysters which were damaged due to water-log . A similar situation with shrimps whi ch carrries a business worth of 234 million which accounts to one percent of damage to boats , docks , crank houses and bear upon plantsAccording to the report of The Center for Natural Re root word frugal and constitution at Louisiana State University , the fisheries amounts to a precedent to Katrina at that place 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 disabling fisherman in rebuilding boats docks and processing plants . According to Louisiana Oyster Taskforce fisherman had put efforts to receive small buisness loans which contract 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: BestEssayCheap.com
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