Non-profit orgs in flooded Queensland have received disaster help

Non-profit orgs in flooded Queensland have received disaster help

Non-profit orgs in flooded Queensland have received disaster help

credit: google

Advertisement
  • Low-interest disaster assistance and vital working capital loans of up to $100,000 are now available
  • The aid is being provided through the Commonwealth-State Disaster Recovery Funding Arrangements
  • heavy flooding from numerous local catchments during the extreme weather event caused widespread road closures and damage from Balonne to the Gold Coast
Advertisement

Following the latest round of devastating floods to inundate southern Queensland, low-interest disaster assistance and vital working capital loans of up to $100,000 are now available to more small companies and not-for-profit organisations.

The aid is being provided through the Commonwealth-State Disaster Recovery Funding Arrangements, which are jointly supported by the Commonwealth and the states (DRFA).

Read More: Ann Turner Cook, original Gerber infant, died at age of 95, as per firm

Senator the Hon Murray Watt, Federal Minister for Emergency Management, said heavy flooding from numerous local catchments during the extreme weather event caused widespread road closures and damage from Balonne to the Gold Coast.

“Balonne Shire Council and City of Gold Coast Council can now be reimbursed through the DRFA for their clean-up and reconstruction costs,” Minister Watt said.

“In addition, impacted small businesses in Balonne, Moreton Bay, and Toowoomba, as well as impacted not-for-profit organisations in Balonne, Gympie, Lockyer Valley, Moreton Bay, Somerset, Southern Downs, Toowoomba and the Western Downs can now access low-interest loans up to $100,000.

Advertisement

“Today’s announcement is in addition to the DRFA assistance measures already in place in all of these local government areas to help the community get back on their feet.”

Concessional loans of up to $100,000, according to Queensland Minister for Fire and Emergency Services Mark Ryan MP, will provide a lifeline to these industrious small enterprises and not-for-profit organisations on their journey to recovery.

“Some small businesses and not-for-profit organisations in these regions are dealing with their second or even third successive flooding event this year,” Minister Ryan said.

“I am pleased to reassure those affected that they will have help on their recovery journey from this flooding, including access to essential working capital loans and disaster assistance loans of up to $100,000 to make sure essential operations can continue,” Minister Ryan said.

“The Australian and Queensland governments are continuing to work together to support ongoing recovery efforts throughout southern Queensland, to ensure all communities hit by the floods in May 2022 have the best support available at this difficult time.”

Read More: Turkey will handle security issues in Syria with a new operation: Erdogan

Advertisement

With the extension of the DRFA, the total number of local government areas receiving disaster aid now stands at 20. Balonne, Brisbane, Bundaberg, Fraser Coast, Gold Coast, Gladstone, Gympie, Ipswich, Livingstone, Lockyer Valley, Logan, Moreton Bay, North Burnett, Rockhampton, Scenic Rim, Somerset, South Burnett, Southern Downs, Toowoomba, and Western Downs are the local government areas.

For the latest Business News Follow BOL News on Google News. Read more on Latest Business News on oldsite.bolnews.com

Advertisement
Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Follow us on Google News.


End of Article

Next Story