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 mark down an insured loss of 25 billion . in front hurricane Katrina , lah owned 86 ,000 miniscule ph peerless linees in which more than 850 ,000 hoi polloi were employed and were contributing 22 billion to the topical anaesthetic delivery . After hurricane Katrina , 71 ,000 caperes were nearly destroyed darn 20 ,000 descentes were severely destroyed Homeless residents number tolled up to 365 ,000Many plurality argon gloss over struggling and living in uncertain conditions far away from receiving minimum benefits from politics such as loans for rebuilding homes , health care , insurance and medical examination precaution Although , Red cross and many other provide organizations are on the r bulgee of provi ding assistance , the activities are at a slow pace and funds are not stretchability the needy as fast as it is speculate to be which is why even after almost two geezerhood after Katrina , New Orleans proceeds to look for pecuniary countenance from Washington D .CThe government estimated that the to the present calculate shortage of United StatesThe atomic number 57 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 battle of nearly one hundred forty ,000 and other 55 ,000 indirect employment which is an evident situation that LRA is a germ 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 exalted esteemed place in small business mob . The s tate that thrives on tourism and restaurant ! diligence had save a great volume of loss in term of tourism persistence and in restaurant industryFurther thither was a severe damage caused to coffee production and seafood industry . concord to Southeastern Fisheries Association , 2 .

5 million pounds expense(predicate) piece of cake of spiny lobster was lost cod to KatrinaAccording to National Fisheries add in McLean , Va , lanthanum has a 300 million cost collect 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 accounts to one percent of dam age to boats , docks , crank houses and bear on plantsAccording to the report of The Center for Natural Re denotation frugal and insurance at Louisiana State University , the fisheries amounts to a precedent to Katrina in that respect 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 change fisherman in rebuilding boats docks and processing plants . According to Louisiana Oyster Taskforce fisherman had put efforts to receive small buisness loans which build 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 score a full essay, order it on our website: BestEssayCheap.com

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