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Hurricane Sandy Small Business Recovery and Matchmaking

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Hurricane Sandy Small Business Recovery and Matchmaking

By John Shoraka, SBA Official
Published: July 10, 2013 Updated: July 10, 2013

On October 29, 2012, Hurricane Sandy made landfall resulting in major flooding, extensive structural damage, and significant loss of life.  Thousands of individuals were displaced, millions lost power, and business ecosystems were disrupted throughout the region.  In fact, small businesses continue to face a number of challenges as they seek to rebuild their companies. 

In December of 2012, an Executive Order signed by President Obama established the Hurricane Sandy Rebuilding Task Force to coordinate federal, state and local resources to identify opportunities for achieving rebuilding success, to support economic vitality, among other objectives.  The U.S. Small Business Administration (SBA) is a key member of the Task Force, and our programs play a significant role in the long-term economic recovery of the region through support for businesses in need of counseling, financing and other resources.  SBA approved more than $2.3 billion in disaster loans to 35,900 residents and businesses in states affected by Hurricane Sandy – making it the third largest natural disaster in U.S. history for the agency.  SBA’s Resource Partners are also supporting Hurricane Sandy small business recovery, laying a foundation for economic recovery and resiliency, thanks to expanded services funded by $19 million in grants.  In addition, we know that accessing commercial and federal contracting opportunities are critical in these rebuilding efforts.

That’s why the SBA and the Hurricane Sandy Rebuilding Task Force are teaming up to host the Hurricane Sandy Small Business Recovery and Matchmaking Summit on Wednesday, August 7th—the first event of its kind in the region since the disaster —to educate and connect small businesses to commercial buyers from the private sector and federal, state and local governments.  The goal is simple: help small businesses in the region to get back on their feet and to compete for opportunities in the region.  Here are the details.  We hope to see you there.

WHAT: Hurricane Sandy Small Business Recovery and Matchmaking

WHERE: New Jersey Institute of Technology

University Heights Newark, New Jersey 07102

WHEN: Wednesday, August 7th:

Registration & Resource Expo begin at noon, Program begins at 1PM

For More Information and to RSVP: https://nj.mybusinessmatches.com/

About the Author:

John Shoraka

SBA Official

John Shoraka is the Associate Administrator for Government Contracting and Business Development at the U.S. Small Business Administration.

Comments:

Yes, after Hurricane Sandy, small business's work about recovery and matchmaking is very important. The author have given some information for them. The SBA and the Hurricane Sandy Rebuilding Task Force are also doing what they can do! Thank you for your sharing, and we can have more communication. Welcome to my web site!!!
Good innovative way to help small business holder during problematic times, hence rebuilding on their own can be difficult from financial as well as from other aspect, but this kind of initiatives will motivate them to come forward & start rebuilding their small business with the help of Govt. agencies.
Great one indeed thanks for the information, such events need good public attention to be a great success and to eventual rest in the minds of people this makes them quiet attentive towards such events thus making it successful, keep updating. I don't know saying more
While the New Jersey shore is making a comeback, many in Staten Island haven't even begun the road to recovery due to lack of funds. The storm was so widespread in its damage that there simply is not enough money or volunteers to rebuild all at once. Some may never rebuild. Being closed for business even a couple of days can be disastrous for a business. It's been months now, and many still are waiting for funds to rebuild. Some have just given up. It's sad, really. Those communities receiving funds have seen a small economic uplift due to the jobs created. But there are many communities still waiting for funds and they may never recover.
Great one indeed thanks for the information, such events need good public attention to be a great success and to eventual rest in the minds of people this makes them quiet attentive towards such events thus making it successful, keep updating.
Both NY and NJ were hit very hard. The recovery and progress in NY was good to see. There were many areas that were hit so bad that neighborhoods went from looking like a nice area to a third world country. On top of that residents had to deal with the poisonous smelling gas in the air and the dirty water spreading contamination, feces, and eventually mold. I am glad the sba is doing this

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