Economic Recovery
Seedco and Seedco Financial Launch Economic Recovery Initiative
Targeted Services Respond to Economic Crisis for Workers, Small Businesses and Communities
Since the start of the recession at the end of 2007, many of the same regional economic calamities caused by recent catastrophes like 9/11 and Hurricane Katrina—massive job losses, small business closures, and community disinvestment—began playing out across the country.
Following the 9/11 terrorist attacks, Seedco implemented a $40 million recovery initiative that was credited with saving 6,500 jobs. Seedco Financial later implemented a similar effort in the Louisiana Gulf Coast region after Hurricane Katrina and Rita, resulting in $14.5 million in grants to affected businesses.
Based on this proven track record in implementing emergency recovery initiatives in disaster areas, and by leveraging our existing program infrastructure, deep partnership resources and public and private resources, this new joint effort targets the following:
Seedco and Seedco Financial Launch Economic Recovery Initiative
Targeted Services Respond to Economic Crisis for Workers, Small Businesses and Communities
Since the start of the recession at the end of 2007, many of the same regional economic calamities caused by recent catastrophes like 9/11 and Hurricane Katrina—massive job losses, small business closures, and community disinvestment—began playing out across the country.
Following the 9/11 terrorist attacks, Seedco implemented a $40 million recovery initiative that was credited with saving 6,500 jobs. Seedco Financial later implemented a similar effort in the Louisiana Gulf Coast region after Hurricane Katrina and Rita, resulting in $14.5 million in grants to affected businesses.
Based on this proven track record in implementing emergency recovery initiatives in disaster areas, and by leveraging our existing program infrastructure, deep partnership resources and public and private resources, this new joint effort targets the following:
- › Workers: stabilize income and get training needed to reenter the workforce in emerging and growth industries;
- › Small Businesses: access financial and technical assistance to survive the economic crisis and move forward with new investment and business strategies;
- › Communities: invest in job-creating economic development projects and help struggling, front-line nonprofit service providers receive new support.