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Published:July 17th, 2006 05:39 EST
Private U.S Sectors Assisting Hispanic Countries in Hurricane Relief

Private U.S Sectors Assisting Hispanic Countries in Hurricane Relief

By Heidi Lopez

Three major hurricanes (Stan, Beta, and Gamma) took approximately 800 lives in 2005. Not only did they leave almost a million people suffering, but the damages caused are estimated to be over $1.5 billion.

After gaining knowledge of the costs, CEO's of 4 major U.S corporations made a press release, stating that on July 13th they'd make $3.8 million in grants available to the people (mostly Central Americans and Mexicans) who suffered damage in the 2005 Atlantic hurricane season.

These grants have been donated to The Central America and Mexico Hurricane Relief Fund, who has set a goal of raising $5 million. These grants will assist the victims in 3 main areas: reconstruction, financing for small business entrepreneurs, and education.

The grants will also assist the 5 damaged countries (Guatemala, Mexico, Nicaragua, El Salvador, and Honduras), so that they can regain their national strength and become, once again, a worldly asset.

SOURCE:  U.S. Dept. of State