Florida Governor Ron DeSantis unveiled a $40 million program to help small businesses affected by Hurricane Michael, which hit the state in October, the Florida Daily.
“We are committed to supporting Florida businesses before, during and after natural disasters,” DeSantis said Friday.
The program, called Rebuild Florida Business Loan, will be funded with state and federal funds and administered by the state Department of Economic Opportunity.
“By creating a business climate with smart regulation, low taxes and a stable and talented workforce, we can ensure that companies are successful and resilient,” the official said.
According to Ken Lawson, executive director of the Florida Department of Economic Opportunity, the initiative will provide businesses with access to critical financing that will allow them to reinvest in their businesses and create jobs for working families.
According to the governor's office, the program can provide up to $500,000 in financing for inventory purchases, construction or renovation, start-up loans, machinery and equipment purchases, and more.
“It will target industries that the state has identified as key strategic markets for future growth, and will focus on creating and improving the diversification and resiliency of Florida's economy,” the entity said.
This week President Trump Donald announced that the so-called State of the Sun will receive 448 million dollars for recovery works of the damage caused by Hurricane Michael, which left material losses of nearly 4.3 billion dollars.
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