BioFund reaches $1 million in small business loans for Hurricane Katrina-impacted parishes 18 July 2013

A low-interest loan program for small businesses called the BioFund and run by the New Orleans BioInnovation Center business incubator has surpassed the mark of issuing $1 million in financing for entrepreneurs. ….. The BioFund’s first beneficiary was the New Orleans maker of the Iconic health drink and a BioInnovation Center tenant, Be Well Nutrition. It went on to help the incubator for socially minded entrepreneurs, Propeller: A Force for Social Innovation, complete its new building in Broadmoor along with Green Coast Enterprises, an environmentally oriented real estate developer. The Propeller building opened in January.