SBA Provides Disaster Loans to Kanawha County Amid Tourism Push in Huntington
What happened
The U.S. Small Business Administration is processing low-interest disaster loans for businesses and residents in Kanawha County affected by severe flooding that occurred between August 14 and 18. These loans include Physical Damage Loans, which can cover up to $2 million for repairs, and Economic Injury Disaster Loans (EIDL). Additionally, economic developers in Huntington commissioned a large troll sculpture to boost local tourism.
From wvpublic.org
Why it matters
The disaster loans provide necessary funding for recovery and asset replacement for businesses and homeowners in Kanawha County. Concurrently, the tourism initiative in Huntington is designed to increase local economic activity.
From wvpublic.org
Who's involved
- Kanawha CountyCounty receiving disaster loans and recovery assistance
- HuntingtonCity where a new tourism attraction was commissioned
- Duron JacksonArtist commissioned to create the tourism attraction
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Kanawha CountySpeculative
Kanawha County could receive credit and funding via SBA disaster loans to aid flood recovery.
- HuntingtonSpeculative
Huntington might see investment in local tourism increase market prices.
- Duron JacksonSpeculative
Duron Jackson's project might cause local small business revenue to increase due to tourism.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- New tourism troll may boost economic activity in HuntingtonNew tourism troll may boost economic activity in HuntingtonPossible
- How could SBA disaster loans in Kanawha County affect Federal Emergency Management Agency?FEMA's operational workload may increase due to Kanawha County disaster recovery effortsPossible