U.S. Senate Committee on Small Business and Entrepreneurship Chair Mary Landrieu [D-La.] and Ranking Member Olympia J. Snowe [R-Maine] today wrote to Gene L. Dodaro [pictured], acting comptroller general of the U.S. Government Accountability Office, requesting a progress report on Gulf Coast small-business recovery efforts. The senators expect that the investigation will be completed ahead of the fifth anniversaries of hurricanes Katrina, Rita and Wilma in August 2010.
After the 2005 storms, "The region’s small businesses experienced massive losses that caused great harm to those businesses’ owners, employees and customers," Sens. Landrieu and Snowe wrote. "Federal assistance to small businesses has been, and continues to be, imperative for the region’s economic recovery."
The investigation is meant to focus on the Small Business Administration’s disaster loan program and state-administered business assistance programs funded by Department of Housing and Urban Development’s community development block grants. The senators also requested details on federal recovery contracts received by small businesses in the Gulf Coast region.
"We would also like you to provide information on the current state, and improvements in, the region’s small-business economy," the senators wrote.
For further details of the request, please view the letter here: http://bit.ly/7DeAT.
SOURCES: U.S. Government Accountability Office [photo], U.S. Senate Committee on Small Business and Entrepreneurship, Wikipedia
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