Grants announced for oil affected areas of Louisiana - KPLC 7 News, Lake Charles, Louisiana

Grants announced for oil affected areas of Louisiana

Posted by: Shawn Herndon - sherndon@kplctv.com

LOUISIANA (KPLC) - Following his second visit to the Gulf Coast to talk with local businesses impacted by the BP oil spill, U.S. Commerce Secretary Gary Locke announced eight grants for the Gulf region totaling $10.27 million, including here in Louisiana.

Three grants will be administered through the Commerce Department's Economic Development Administration (EDA): 

  • Nearly $1 million to the International Economic Development Council to help hurricane and oil-impacted communities in Louisiana and Texas identify vulnerabilities in their local economies and develop short- and long-term strategies to spur economic recovery.
  • $750,000 for Seedco Financial Services, Inc. to provide capital to support small businesses in southeast Louisiana. In addition to providing funding, the project will focus on at-risk small businesses in underserved areas to identify their needs and provide technical assistance services.
  • $87,000 to the South Central Planning and Development Commission for technical assistance to communities and businesses in Louisiana's Gulf Coast communities, helping to facilitate a coordinated, planned approach to economic recovery across the state.

An additional $2.5 million will be for the Louisiana Coastal Management Program to help the state administer its coastal management program, administered through the Commerce Department's National Oceanic and Atmospheric Administration (NOAA).

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