President Unveils Program to Assist Small Businesses in Mexico's Hurricane-Hit Areas
EFE
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October 10, 2013
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This photo provided by Mexico's president's office shows head of state Enrique Peña Nieto supervising recovery efforts in the southern state of Guerrero in the wake of Hurricane Manuel. Peña Nieto on Tuesday unveiled a new program to help micro and small enterprises based in regions hit hard last month by Manuel and Hurricane Ingrid, which struck Mexico's Gulf coast. (EFE/Mexican Presidency)

MEXICO CITY - Mexican President Enrique Peña Nieto has unveiled a new program to help micro and small enterprises based in regions hit hard last month by two hurricanes.

The program will channel 525 million pesos ($39 million) in assistance to microenterprises based in municipalities declared natural disaster areas, the head of state said in presenting the Economic Reactivation Program for Micro and Small Enterprises.

Hurricanes Ingrid and Manuel, which struck Mexico's Gulf coast and Pacific coast, respectively, left 157 dead and dozens more missing. They affected a total of 1.7 million people and caused significant damage to property and infrastructure.

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