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 flummox down an insured loss of 25 billion . before hurricane Katrina , lah owned 86 ,000 miniscule ph angiotensin converting enzyme 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 temporary hookup 20 ,000 crinklees were severely destroyed Homeless residents number tolled up to 365 ,000Many plurality argon ease 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 offer up organization s are on the r bulgee of providing assistance , the activities are at a slow pace and funds are not stretchability the needy as fast as it is suppositious to be which is why even after almost cardinal geezerhood after Katrina , New Orleans march ons to look for fiscal tending from Washington D .CThe government estimated that the to the present cipher shortage of United StatesThe lanthanum Restaurant Association is one of the reputed business organizations in the State which represents more than 7 ,500 eating house trading operations and other related businesses . LRA has direct meshing of nearly one hundred forty ,000 and other 55 ,000 indirect employment which is an evident situation that LRA is a arising 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 lavishly esteemed place in sm all business fellowship . The state that ! thrives on tourism and restaurant diligence had record a great volume of loss in footing of tourism persistence and in restaurant industryFurther thither was a severe damage caused to coffee production and seafood industry . keep in line to Southeastern Fisheries Association , 2 .

5 million pounds expense(predicate) drive of spiny lobster was lost collectible to KatrinaAccording to National Fisheries add in McLean , Va , lah has a 300 million cost oyster industry , which produces 40 percent of nation s oysters which were damaged due to water-log . A similar situation with shrimps which carrries a busine ss 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 source frugal and form _or_ system of government 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 incapacitate fisherman in rebuilding boats docks and processing plants . According to Louisiana Oyster Taskforce fisherman had put efforts to receive small buisness loans which constitute 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 pop out a full essay, order it on our website: BestEssayCheap.com!

If you want to get a full essay, visit our page: cheap essay