Monday, February 9, 2015
St. John the Baptist Parish – St. John the Baptist Parish President Natalie Robottom encourages small businesses and non-profit organizations impacted by Hurricane Isaac to apply for the Small Business Loan and Grant program for assistance with unmet needs following the disaster.
St. John Parish was awarded $32,674,000 in grant funds through the Community Development Block Grant (CDBG) Disaster Recovery Program and $3,862,306 will be used for grants/loans to business owners to facilitate their full recovery. Through the grant, funding from $20,000 to $100,000 will be available as a 20% grant and 80% low interest loan to affected small businesses.
The program will facilitate recovery for businesses hardest hit by the storm and assist with expanding economic opportunities, replacing or purchasing equipment and filling unmet sales needs. The parish hosted town hall meetings on the East and West banks of St. John to disseminate information regarding the program and to begin the application process.
Eligibility requirements for businesses include being present and operating in the Parish before Hurricane Isaac, demonstrating an impact by the storm, and verification that the business is open or can reopen. Applications are available for funding to purchase equipment, inventory, and/or to provide working capital to support operations for up to one year. Awards will be based on CDBG eligibility criteria and the availability of program funding.
Resident and business owner Sandie Mikell thanked Robottom's Administrative staff for their sincere interest in the community. “I look forward to working with you and your team in the future and moving my dream business forward,” she said following the meeting.
More information on the application process, including locations of intake centers will be released once finalized. Interested entities will also be able to visit the website at sjbparish.com to download an application and/or to receive more information. To speak with someone regarding the program or to provide contact information for future updates, please contact the Economic Development Department at 985-652-9569 or via email at firstname.lastname@example.org.