McGlinchey News Release
McGlinchey Stafford Performs Pro Bono Legal Work to Aid State’s RecoveryRead Time: 1 min
Firm Counsels State of Mississippi in $25 Million Recovery Bond Deal
JACKSON, MS (NOVEMBER 10, 2005) McGlinchey Stafford announced today that the firm’s Jackson office is working with the State of Mississippi as pro bono bond counsel to implement a $25 million dollar loan program to help small businesses hurt by Hurricane Katrina.
The $25 million "Disaster Loan Program" will provide assistance to small businesses in Mississippi directly impacted by Hurricane Katrina by providing short-term financing for their businesses operations. Ultimately the program serves as a recovery effort to help strengthen the foundation of Mississippi and restore the state’s economic health. The program is modeled after a successful Florida bond program.
Mississippi State Treasurer Tate Reeves said, “The state is grateful for the pro bono efforts of law firms like McGlinchey Stafford who are helping with the recovery and rebuilding process.”