Connect with us

Hi, what are you looking for?

Business

Ron DeSantis Launches $40 Million Program for Small Businesses Hit by Hurricane Michael

According to the governor’s office, the new program “can provide up to $500,000 in financing for the following business purposes: inventory purchases, construction or renovation, working capital needs, capital start-up loans, machinery and equipment purchases, equipment financing and more.”

Share Story Via Text, E-Mail, Facebook or Twitter

On Friday, to mark the end of National Small Business Week, Gov. Ron DeSantis unveiled a program to help small businesses hurt by Hurricane Michael which hit the Panhandle in October.

DeSantis announced the “Rebuild Florida Business Loan” program which is funded by $40 million in state and federal funds.

“The Rebuild Florida Business Loan program, a resiliency loan fund provided through a partnership with the U.S. Economic Development Administration (EDA) and administered by the Florida Department of Economic Opportunity, will target industries that have been identified by the state as key strategic markets for future growth and will focus on creating and enhancing the diversification and resiliency of Florida’s economy,” the governor’s office noted.

“We are committed to providing support to Florida businesses before, during and after natural disasters,” DeSantis said on Friday. “By building a business climate with smart regulation, low taxes and a steady, talented workforce, we can ensure businesses are successful and resilient. The Rebuild Florida Business Loan program will help all Florida communities impacted by Hurricane Irma recover and rebuild.”

“Governor DeSantis has made it clear that helping Florida families, businesses and communities rebuild is a top priority,” said Ken Lawson, the executive director of the Florida Department of Economic Opportunity. “The Rebuild Florida Business Loan program is the next step in helping businesses recover from the impacts of Hurricane Irma. This program will give businesses access to critical financing that will allow them to reinvest in their businesses and create jobs for hardworking Florida families.”

According to the governor’s office, the new program “can provide up to $500,000 in financing for the following business purposes: inventory purchases, construction or renovation, working capital needs, capital start-up loans, machinery and equipment purchases, equipment financing and more.”

 

Author

  • Florida Daily

    Florida Daily offers news, insights and analysis as we cover the most important issues in the state, from education, to business and politics.

    View all posts
Share Story Via Text, E-Mail, Facebook or Twitter
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow Us on Social Media

Ed Dean: Publisher

 

Ed Dean is a leading radio and news media personality including hosting the #1 statewide radio talk show in Florida. Contact Ed.Dean@FloridaDaily.com

Article Archives

Related Stories

Lead

Whether you are a resident of the state of a visitor, drivers crossing into the state will now see new Florida signs that read,...

Florida Politics

This year, Florida Gov. Ron DeSantis vetoed 14 bills proposed or co-sponsored by state GOP lawmakers. Issues from the state budget to local property...

Education

(adsbygoogle = window.adsbygoogle || []).push({}); Florida Governor Ron DeSantis announced the appointment of Dr. Alberto Tano to the Florida International University Board of Trustees....

Economy

Florida Gov. DeSantis vetoed Senate Bill 280, which would have allowed the state to impose stricter regulations on vacation rentals Over the last few...

Florida Politics

Getting your Trinity Audio player ready... Florida Gov. Ron DeSantis signed the following bills: HB 799 – Easements Affecting Real Property Owned by the...

Elections

Getting your Trinity Audio player ready... A poll known for right-leaning sample audiences revealed recent poll numbers that show 80% of voters surveyed said...

Elections

There seems to be some confusion between the Biden Campaign and Florida Democrats regarding their role in Florida’s 2024 election. Puck News reports that...

Florida Politics

Getting your Trinity Audio player ready... Florida Governor Ron DeSantis awarded funds for infrastructure improvements through the Florida Job Growth Grant Fund (JGGF). Awards...