The Lake Charles lakefront could soon become home to the National Hurricane Museum & Science Center.
Entergy and State Farm publicly announced on Tuesday that the companies would donate $500,000 each.
The state has also promised to invest $28 million to the project.
So far, a total of $38 million has been raised to fund the facility.
Speakers said the museum will not only teach younger generations about the history of hurricanes, but it will also tell residents how to protect themselves from these devastating storms.
At today's event were Phillip May, CEO and President of Entergy in Louisiana; state Senator Ronnie Johns (R-Lake Charles), CEO of Ronnie Johns State Farm Insurance Agency; and Mark Cockerham, Vice President of Agency-Sales at State Farm.
's Haley Rush will have more on later editions.