New Orleans Insurance

NEW ORLEANS - For nearly 40 years, client torrent sank Emin’s Meat Market to buy beef, spicy sausage, shares trading revenue and chat.

Today, exactly two years after Hurricane Katrina has torn the Gulf Coast, the future of this institution in the vicinity of the Seventh Ward questioned. A sign yet announced the “Home of Creole Hot Sausage.” But the exception of long feet in freezers are emptied.

You can say, ‘If you build, they will come, “said Kevin Bach Emin, a third generation butcher, whose grandfather bought the store in 1969. But given that most of the neighbours has yet to return: “I am not ready to take that chance with my children, my wife, my home. ”

New Orleans has always been a city of the family business markets of meat, cleaning, Diners Club and corner stores. These companies are rather more affected by “Katrina” because she had the fewest financial resources. Two years later, many of them lack the financial assistance they need.

Even as tourists and residents rieseln, they arrived too late for thousands of companies. Nearly 7900 companies in the south-east of Louisiana - including New Orleans - stopped between the second quarter of 2005 and the fourth quarter of 2006. The smaller the enterprise, the higher the rate of failure. Those who are still pending, struggling with rising insurance and difficulties in finding employees, customers and subcontracting.

Across the Gulf Coast, Katrina killed more than 1800 people and displaced another 450000th In New Orleans, one third to half the population is not yet, according to various estimates.

The studies tend to offer only a cloudy picture of the company, as well recovered. Search Louisiana State University finds an increase in the number of employers in the south-east of LA as “concrete evidence”, a takeover. But it contains only limited data on how companies are management strategies. Until then, one of the largest studies in small and medium-sized enterprises, are issued today by supporters of non-Political & Economic Research Council (PERC), said most of the companies surveyed 1032 fight. His research, but not to analyze companies, far from the operation. Michael Turner, the chairman of the Council, warned: “These are the stories of success.”

Success in this region, but is relative. For nearly a quarter of the turnover of enterprises sounds more like before Katrina, almost half of small businesses, of which 75% or less revenue than ever - even with fewer competitors, by the Council. In total, two of the three young business owners - those under 25 employees - are declining revenue before Katrina, its research shows.

“What it means,” Turner said, is reducing staff, cutting wages, the inability (to businesses) of credit, bonds. ”

The saga of small businesses in the New Orleans goes beyond dollars and cents, though. He speaks with livelihoods by generations of families and the impossible decision had much to do: if one of leaving the city with problems mounting or processing high chances of winning. And this is a story of the recovery on two fronts: those own small businesses, generally houses in the region, which have been damaged.

“The financing your business, but for the reconstruction of your home generates a stress order of magnitude, most people have never treated,” said Randy linen, Financial Planner in Metairie, La, specializes in business planning . “People are frustrated. You are in the treatment of pain. Sometimes they do not know where to turn.