- Nov 6, 2005
- 197
- 4
Why Black Businesses Must Rebuild New Orleans
November's BLACK ENTERPRISE Examines the Devastating Impact of Hurricane Katrina on Black Businesses and How to Save Them
New York, NY (PRNewswire) - One of the biggest casualties of Hurricane Katrina has been black business. In the November BLACK ENTERPRISE special report "Blown Away By Katrina," Features Editor Alan Hughes found that approximately 60,000 black-owned companies along the Gulf Coast had been ravaged by the hurricane. The impact on black businesses in the gulf region
will be "dire," says Eugene Cornelius Jr., district director for Louisiana Office, U.S. Small Business Administration.
The immediate effects are obvious: the instant devastation of businesses and the complete loss of markets. In Mississippi alone, more than 2,000 black-owned businesses generating sales and receipts of $126 million were severely affected. In Louisiana some 20,000 black companies that generated nearly $866 million were impacted by the storm.
http://www.blacknews.com/pr/rebuild101.html
November's BLACK ENTERPRISE Examines the Devastating Impact of Hurricane Katrina on Black Businesses and How to Save Them
New York, NY (PRNewswire) - One of the biggest casualties of Hurricane Katrina has been black business. In the November BLACK ENTERPRISE special report "Blown Away By Katrina," Features Editor Alan Hughes found that approximately 60,000 black-owned companies along the Gulf Coast had been ravaged by the hurricane. The impact on black businesses in the gulf region
will be "dire," says Eugene Cornelius Jr., district director for Louisiana Office, U.S. Small Business Administration.
The immediate effects are obvious: the instant devastation of businesses and the complete loss of markets. In Mississippi alone, more than 2,000 black-owned businesses generating sales and receipts of $126 million were severely affected. In Louisiana some 20,000 black companies that generated nearly $866 million were impacted by the storm.
http://www.blacknews.com/pr/rebuild101.html