Give Katrina-Afflicted Businesses a Boost

Economic Development > Give Katrina-Afflicted Businesses a Boost

Give Katrina-Afflicted Businesses a Boost

	Summary 20 months after the devastation from Hurricane Katrina, small businesses are still struggling. Replacing lost or damaged equipment puts local business owners on the road to recovery.

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More Information About this Project

Project Needs and Beneficiaries

21 local businesses in some of the hardest hit areas of New Orleans have already benefited from Mercy Corps quick impact grants of $2,500. Small business owners' credit, houses, and businesses were destroyed in the aftermath of the storm. Replacing lost equipment means services can come back to the community, more local dollars can circulate in the struggling post-Katrina economy, and small business owners can begin to return to normalcy.

Activities

Small business owners will be chosen for the program based on income levels, geographic location, and the community’s need for services. Admitted businesses will receive $2,500 to replace lost or damaged equipment, necessary for business’ viability.

Funding Information

This project has been retired and is no longer accepting donations.

Additional Documentation

This project has provided additional documentation in a Microsoft Word file (projdoc.doc).

Resources

Why this Project is Important

Potential Long Term Impact

Equipping small business with appropriate equipment will allow them to serve a larger area. Having more service providers is incentive for residents to come back to neighborhoods and will help to rebuild the local economy and communities.