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Business and economic development groups from across south Louisiana have teamed up to launch the Louisiana Small Business Rebirth Fund, which aims to give grants to companies hurt by the historic flood.

“Following historic flooding in South Louisiana, we are focused on providing resources and information to impacted businesses to help them get back on their feet, open their doors and serve our community,”  said Jason El Koubi, president & CEO of One Acadiana. “We are pleased to partner with chamber and economic development allies across the state on this crucial initiative.

James Carville knew eight years ago that Donald Trump, or someone just like him, was lurking on the Republican Party landscape.

He said as much after the 2008 election of Barack Obama, that an “America First” isolationist would emerge as a Republican Party force. But the Democratic Party consultant, who masterminded President Bill Clinton’s 1992 successful campaign, said changing, national demographics would work against such a leader's best political efforts.

Today, One Acadiana announced a partnership with the Louisiana Association of Business and Industry (LABI); The Baton Rouge Area Chamber (BRAC); Greater New Orleans, Inc. (GNO, Inc.); the Louisiana chapter of the National Federation of Independent Business (NFIB); and the Louisiana Association of Chamber of Commerce Executives (LACCE) to establish the Louisiana Small Business Rebirth Fund.  

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Like thousands of other flooded south Louisiana business owners, Chris Corley watched helplessly last week as rising water threatened the enterprise that feeds his family and those of his employees.

The financial losses at Shetler-Corley Motors in Crowley was $500,000 in ruined new and used vehicles, and $200,000 in damage to the showroom, offices and repair shop. And that's not counting the sales lost from being closed for more than a week.

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Louisiana Economic Development’s leader wants owners of flood-affected Acadiana businesses to know help is available.

LED Secretary Don Pierson met with community leaders at the LITE Center before starting a tour of flood-affected businesses in Crowley, Abbeville, New Iberia and Youngsville.

Pierson said Wednesday “great federal resources” were now available at the U.S. Small Business Association’s business recovery centers in Louisiana, including one at the Louisiana Immersive Technologies Enterprise Center on the University of Louisiana at Lafayette campus.

As thousands across south Louisiana face the reality of rebuilding flooded homes, business scams are already popping up

This database of local, licensed contractors, provided by the Louisiana State Licensing Board for Contractors and compiled by the Lafayette Economic Development Authority, will help residents choose trusted businesses to help them rebuild.

Lafayette, LA – Today, One Acadiana announced a partnership with the Louisiana Association of Business and Industry (LABI); The Baton Rouge Area Chamber (BRAC); Greater New Orleans, Inc. (GNO, Inc.); the Louisiana chapter of the National Federation of Independent Business (NFIB); and the Louisiana Association of Chamber of Commerce Executives (LACCE) to establish the Louisiana Small Business Rebirth Fund.

A preliminary study by One Acadiana suggested in the nine parishes it represents at least 152 and perhaps 244 businesses flooded. Most likely, the number will range from 200 to 300.

Jason El Koubi, One Acadiana president and CEO, said there are three ways to measure the flood’s impact on business: physical damage to business properties, lost economic activity because of the flood’s impact on businesses and its employees during the flood and immediately after, and the loss of revenue to businesses over the next six to 12 months.

Longtime executive has served as president of the bank for the past year.

As part of an ongoing succession planning strategy, MidSouth Bank’s board of directors approved the promotion of Troy Cloutier to chief executive officer of the bank, effective Nov 1. Cloutier has served as president of the bank for the past year. As president and CEO, he will assume more responsibility for managing the daily operations of the bank’s two-state franchise. 

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August's news and views from the desk of Jason El Koubi focused the great strides made by the Louisiana Public School System and the public education system across Acadiana.

Read this month's INFORUM here for three things to celebrate, three things on the horizon, and three best practices around the region.

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Annual Report

Download our 2019 Annual Report and Business Directory.

Economic Recovery Toolkit

Check out 1A’s quick reference guides to key COVID-19 business assistance programs. Click the image to view.

1A Sites Selection Investment Profile

Check out our Investment Profile featured in Site Selection to learn about Acadiana’s target industries, regional assets, recent business recruitment wins, and business leaders’ perspective on finding success in Acadiana.

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Click the play button above to watch One Acadiana President & CEO Troy Wayman on the Louisiana Business & Industry Show.

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News Page Play Button.pngClick the icon to listen to One Acadiana staff member André Breaux (VP, Policy Initiatives & Governmental Affairs) and Dr. Pearson Cross discussing the 2019 election season on KRVS Radio Acadie 88.7 FM

News Page Play Button.pngClick the icon to listen to One Acadiana President & CEO Troy Wayman give updates on One Acadiana's progress and initiatives on OUT TO LUNCH.

If interested in more information about news, contact Senior Director, Marketing & Communications Shannon Gierhart at shannon@oneacadiana.org

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