Louisiana Recovery Authority - Paul Rainwater, Executive Director - State of LouisianaThe mission of the Louisiana Recovery Authority is to ensure that Louisiana rebuilds safer, stronger and smarter than before.

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Economic and Workforce Development

The Louisiana Recovery Authority is using $332.5 million of Community Development Block Grant funds from the U.S. Department of Housing and Urban Development for programs that support local businesses, workforce enhancement, tourism promotion and research commercialization in an effort to restore communities affected by hurricanes Katrina and Rita.

The state has used the allocated funding to develop a number of innovative programs to retain and stabilize the business community and workforce, and to catalyze recovery in key economic sectors.

Business Recovery Assistance

Consists of the following components:

Bridge Loan Program

  • Helped small businesses bridge the gap between the onset of damages and payout of insurance claims
  • Guaranteed six-month, interest free loans for approximately 900 businesses

Small Firm Grant and Loan Program

  • Provides immediate financial relief to business owners
  • Helps business owners adapt to a changed marketplace
  • Businesses with less than 10 employees received more than 88% of the funding

Technical Assistance Program

  • Works with community-based organizations to deliver technical assistance to small businesses and nonprofits located in storm-affected areas
  • Supports 19 groups providing technical assistance to small businesses, including support for finances, business planning, marketing, legal and regulatory requirements and contracting

Recovery Workforce Training

  • Implemented in cooperation with the Louisiana Workforce Commission
  • Creates workforce training and placement programs that meet the needs of business in sectors that are critical to recovery and rebuilding efforts
  • Investing $38 million in 18 programs

Louisiana Tourism Marketing

  • Implemented in cooperation with the state Department of Culture, Recreation and Tourism
  • Provided $28.9 million to 15 recipients, including the New Orleans Metropolitan Convention and Visitors Bureau, the Louisiana Office of Tourism and parish tourism organizations
  • Promoted tourism in the storm-impacted parishes by increasing the number of visitors, which boosts Louisiana's tax revenues and fosters national consciousness of our unique culture
  • Employs all communications media - print, broadcast and electronic - in addition to the use of special events and promotions
  • Funded the "Forever New Orleans" campaign

Research Commercialization and Educational Enhancement

  • Enhances the scientific and technology research facilities at institutions of higher education located in storm-impacted areas
  • Funds the development of an assessment tool that will evaluate and recommend commercialization opportunities for university-based research 
  • Supports 19 research programs at eight south Louisiana universities