STATEMENT FROM LT. GOV. LANDRIEU ON LOUISIANA RECOVERY AUTHORITY'S APPROVAL OF $70 MILLION IN SUPPORT FOR THE TOURISM & CULTURAL INDUSTRIES -- 04/19/2006
Office of Lieutenant GovernorFOR IMMEDIATE RELEASE
April 19, 2006
STATEMENT FROM LT. GOV. LANDRIEU ON LOUISIANA RECOVERY AUTHORITY'S APPROVAL OF $70 MILLION IN SUPPORT FOR THE TOURISM & CULTURAL INDUSTRIES
"Today, the LRA took another important step toward rebuilding Louisiana better than before by approving a resolution to provide $40 million in bridge loans to small businesses in the tourism and cultural industries through the Economic Development Community Development Block Grants funding program and $30 million for a tourism marketing campaign.
On behalf of the tourism and cultural stakeholders throughout the state, I am pleased that the requests submitted by the Office of the Lieutenant Governor and the Department of Culture, Recreation and Tourism were recognized by the LRA as a smart approach to help small businesses within the cultural and tourism industries get back on their feet and to help bring tourists back to Louisiana.
The $30 million dedicated to tourism advertising and marketing allows our office to aggressively convey the message to the nation and the world that Louisiana is open for business and ready to receive visitors. It is crucial to the survival of the tourism industry that we correct the misconceptions that exist about Louisiana since the storms. This funding will help us solidify the state's number two industry and help Louisiana resume its place as one of the world's top tourist destinations.
The $40 million will provide the financial assistance necessary to sustain the tourism and cultural small businesses and their combined 260,000 workers. These businesses are the backbone of Louisiana's economy. Their immediate recovery is crucial to the state's rebuilding efforts.
I look forward to working with the state legislature on this proposal, which will continue to give our residents the tools they need to rebuild their livelihoods, their families and their communities."