December 08 2005
SBA and Operation HOPE Team Up to Help Gulf Coast Small Businesses Get Back on Their Feet
New project calls for 1000 financial professionals to volunteer
Washington, D.C. – December 8, 2005 – In an effort to provide financial counseling and assistance to small and minority businesses affected by the hurricanes that ravaged the Gulf Coast earlier this year, the U.S. Small Business Administration (SBA) and Operation HOPE, Inc. have joined forces to launch Project Restore HOPE Small Business, announced SBA Administrator Hector V. Barreto and Operation Hope Chairman and CEO John Bryant in New Orleans today.
Project Restore HOPE Small Business, made possible through a co-sponsorship between the SBA and Operation HOPE, offers small and minority businesses in disaster-affected communities access to free financial counseling, information on economic assistance programs, and budgeting advice through one-on-one telephone counseling. To access this resource, business owners should call 1-888-388-HOPE (4673).
“I would like to thank Operation HOPE for joining us in this worthy cause to help disaster-affected small and minority businesses and entrepreneurs get back on their feet,” said Administrator Barreto. “Small businesses are the engine of our economy and I hope that the local business community, lending and insurance institutions will join us to help reenergize the Gulf Coast economy and create jobs.”
SBA and Operation HOPE will also work together to find volunteers from local financial institutions, credit unions, and insurance companies to participate in this initiative. Participating volunteers will provide free financial counseling, information on economic assistance programs, and budgeting advice to small business owners in the Gulf Coast area. The one-on-one counseling will be provided via telephone.
John Bryant of Operation HOPE said they need 1000 professionals from the financial services industries to volunteer over the next 6 to 12 months.
About Operation HOPE, Inc.
SBA’s participation in this co-sponsorship is not an endorsement of the views, opinions, products or services of any cosponsor or other person or entity. All SBA programs, services and cosponsored activities are extended to the public on a nondiscriminatory basis. Cosponsorship Authorization # 06-0507-17.