The 2016 Louisiana Flood saw 7.1 trillion gallons of water dropped on the southern part of the state. By comparison, Hurricane Katrina saw 2.3 trillion gallons of water. The destruction of so many structures and businesses has resulted in the need for donations to help stabilize the struggling economy.
Enter the Louisiana Small Business Rebirth Fund
The Rebirth Fund is a partnership between multiple organizations including the Louisiana Association of Business and Industry, the Baton Rouge Area Chamber, GNO Inc., the Louisiana Chapter of the National Federation of Independent Business, the Louisiana Association of Chamber of Commerce Executives and One Acadiana. The Fund accepts donations (which are 100% tax deductible), and disperses them to small and large corporations needing assistance in the state.
Recently the Fund has awarded $200,000 to 50 companies suffering from damage by the unnamed flood. This is the second round of funding. In the first round 57 businesses received $350,000 in grant money.
“Second-round grants went to small businesses in Acadia, East Baton Rouge, East Feliciana, Iberville, Lafayette, Livingston, St. Martin and Tangipahoa parishes. The recipients’ businesses covered a range of industries, including daycare, auto repair and service, restaurants, contractors, medical providers, grocery stores, retail and veterinary clinics.”
For those interested in helping to support the Rebirth Fund for a third round of grants, visit www.LaBizRebirth.org