In an attempt to provide early response to the devastation caused by twisters and storms last week, the Obama administration is releasing quick relief measures and also vowed urgent support to devastated Southern US.
Hurricane Katrina is the last deadliest storms that hit US. Last week’s storm is also a major one as death toll rose to 250 in Alabama itself. The storm has reduced neighbors into rubble and the damage caused is expected to run into billions. Another 101 people died in neighboring states like Mississippi, Arkansas, Georgia, Tennessee, Virginia and Louisiana. Alabama is the worst affected in last week’s storm as 1,700 people got injured and others went missing when tornadoes crushed homes, flipped cars and ravaged everything on their path.
Obama paid visit to Alabama last Friday while others like Janet Napolitano – Homeland Security Secretary, Craig Fugate – administrator of Federal Emergency Management Agency and Tom Vilsack – Agriculture Secretary visited damaged places on Sunday. Napolitano after visiting Pratt City that has been torn by killer storm says “I don’t think words can fairly express the level of devastation here. I am not articulate enough.”
The US small business administration has announced that it would make loans of $200,000 to homeowners to help them recover from the damage. Department of Agriculture is also coming forward and is going to make homes available in rural areas on rent basis. SBA is going to loan $2 million to small businesses. The SBA is also going to loan $80 million as block grants to the storm devastated states of US.
Obama has signed disaster declaration grants for States like Georgia and Mississippi in addition to the one signed for Alabama.
This article was submitted by Rohit Arora, co-founder of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to