SBA approves Reeves water crisis assistance request
The U.S. Small Business Administration Wednesday approved Mississippi Gov. Tate Reeves’ request for assistance for businesses affected by the Jackson Water Crisis. Many businesses within Hinds County, including the City of Jackson, have experienced economic losses due to total or near total loss of water pressure following the Pearl River flooding in late August.
With little to no running water throughout the city, businesses could not serve, clean, cool, or sanitize, forcing them to either suffer losses or temporarily shut down.
“These low interest loans will go a long way to support our Jackson businesses and help them make it through the ongoing water crisis,” said Reeves. “I’m committed to ensuring that we both restore clean water to the city and relieve the burdens of this crisis for Jacksonians.”
Businesses in Hinds County and the following contiguous counties are eligible to apply for Economic Injury Disaster Loans (EIDLs): Claiborne, Copiah, Madison, Rankin, Simpson, Warren, and Yazoo. These loans help small businesses and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
The application filing deadline is June 14, 2023.