BP seeing fewer than expected applicants for oil spill money
Published: September 22,2010
GULF COAST — There have been far fewer applicants than expected for money from a $100-million fund BP PLC set up to help deepwater rig workers after a federal moratorium on drilling prompted by the massive oil spill.
With nine days left to apply, a spokesman for the charity running the program told The Associated Press yesterday that only 356 people have come forward. Up to 9,000 people had been expected to seek grants of $3,000 to $30,000.
The charity says it turns out that many rig workers are being kept on the job by their employers, despite the moratorium.
With so much money left over, the charity plans to offer a second round of grants — this time to workers who support deepwater rigs, such as people on supply boats.
A recent federal report claimed the moratorium has not increased unemployment in the region.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Source: Bryant has offered Glenn McCullough MDA job
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- PHIL HARDWICK: The third grade reading gate, book buddies and school principals
- Two new casinos like the odds on Mississippi Gulf Coast
- TRANSITION AT THE MDA — Is Mississippi better off than it was 3 years ago?
- College Board names Glenn Boyce as higher education chief
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- Nehi Bottling Company has been a Cleveland fixture for 85 years