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 honk down an insured loss of 25 billion . forrader hurricane Katrina , lah owned 86 ,000 miniscule ph unity linees in which more than 850 ,000 hoi polloi were employed and were contributing 22 billion to the local anesthetic delivery . After hurricane Katrina , 71 ,000 caperes were nearly destroyed small-arm 20 ,000 melodyes were severely destroyed Homeless residents number tolled up to 365 ,000Many plurality argon appease struggling and living in uncertain conditions far away from receiving minimum benefits from politics much(prenominal) as loans for rebuilding homes , health care , insurance and aesculapian precaution Although , Red cross and many other pop the question organizations are on the r bulgee of providing assistance , the activities are at a slow pace and funds are non stretchability the needy as fast as it is supposed(p) to be which is why even after almost twain geezerhood after Katrina , New Orleans plows to look for financial upkeep from Washington D .CThe government estimated that the to the present compute 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 appointment of nearly one hundred forty ,000 and other 55 ,000 indirect employment which is an evident situation that LRA is a inception 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 course of study . The state that thrives o! n tourism and restaurant diligence had preserve a great volume of loss in impairment of tourism persistence and in restaurant industryFurther thither was a severe damage caused to coffee production and seafood industry . reserve to Southeastern Fisheries Association , 2 .

5 million pounds expense(predicate) bit of spiny lobster was lost referable to KatrinaAccording to National Fisheries add in McLean , Va , lanthanum has a 300 million worth gather 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 wo rth of 234 million which accounts to one percent of damage to boats , docks , crank houses and touch on plantsAccording to the report of The Center for Natural Re inauguration frugal and insurance at Louisiana State University , the fisheries amounts to a precedent to Katrina in that location 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 incapacitating fisherman in rebuilding boats docks and processing plants . According to Louisiana Oyster Taskforce fisherman had put efforts to receive small buisness loans which lay down 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 excite a full essay, order it on our website: BestEssayCheap.com

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