Review: Nearly $5M in state recovery program went to businesses not meeting requirements
Nearly $5 million in Main Street Recovery Program grant awards distributed by the Louisiana Department of Treasury did not meet all eligibility and documentation requirements, according to a review of $87.79 million in grant awards conducted by the Louisiana legislative auditor.
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Report: Women-owned businesses facing longer road to recovery
Lafayette Daily Advertiser
A survey of women-owned businesses in the U.S. shows that they expect it will take longer for them to recover from the COVID-19 pandemic than businesses owned by men, which could mean more than a third of Louisiana businesses could have a longer road to recovery.
The most recent U.S. Census Bureau information shows that women-owned businesses accounted for about 36.5% of all businesses in Louisiana in 2012 a much higher rate than the national average of 21%, according to the U.S. Small Business Administration.
Freshbooks, a company that helps small businesses and self-employed entrepreneurs, released a study in March detailing that women-owned businesses nationwide were hit harder and will take longer to recover than their male-owned counterparts.