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Flood grants available for small businesses

2 months 3 days 3 hours ago August 25, 2016 Aug 25, 2016 Thursday, August 25 2016 August 25, 2016 8:19 AM in News
Source: Associated Press
By: APNewsNow

BATON ROUGE - Business and economic development groups from across south Louisiana have teamed up to launch the Louisiana Small Business Rebirth Fund, which aims to give grants to companies hurt by the historic flood.

Ansley Zehnder, a spokeswoman for the Baton Rouge Area Chamber, said in a news release the fund will give grants of between $1,000 to $10,000 to small businesses.

While the exact scope of the damage from the flooding that started Aug. 12 is still being determined, the chamber said there are an estimated 12,000 small businesses located in areas that took on floodwater.

To be eligible for the funding, a business must be located in the 20 parishes included in the federal disaster declaration, have 50 or fewer employees and have been in business on Aug. 10.

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