Connect with us

Hi, what are you looking for?

Florida Government & Politics

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
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.”

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 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

Follow Us on Social Media

Archives

Related Stories

Florida Legal News

By Zack Smith Florida’s Governor, Ron DeSantis, suspended Monique Worrell from her position as the State Attorney for Florida’s Ninth Judicial Circuit (the local elected...

Governor Ron DeSantis

The conservative Libertarian think tank CATO Institute, released its Report Card covering the governors in all 50 states.It examines issues from the state budgets,...

Governor Ron DeSantis

As Florida recovers from its second hurricane in the last four weeks, Democrats the state are criticizing Ron DeSantis’ management of recovery efforts.“He (DeSantis)...

Environment

PALMETTO, Fla.—On Monday, Florida Governor Ron DeSantis announced the award of $9.5 million to SeaPort Manatee to jumpstart its recovery and help repair impacted infrastructure...

Florida News

As Floridians deal with the cleanup after Hurricane Helene and Milton, another storm may be on the horizon, and this one may be a political disturbance, not...

Political News

Florida’s U.S. Senators Marco Rubio and Rick Scott sent a letter to President Joe Biden urging his immediate approval of the State of Florida’s...

Florida Government & Politics

As communities across Florida’s Gulf Coast recover from Hurricane Helene, Florida Gov. Ron DeSantis, Sen. Marco Rubio and Sen. Rick Scott are meeting with...

Environment

With pools, lakes, rivers and coastline near every household, the risk of drowning is prevalent across the Sunshine State, and a leading cause of...