The SBA lauded two business owners, a mayor, and a volunteer yesterday at National Small Business Week in Washington, DC who rose in the face of Hurricane Katrina and other natural disasters. The Phoenix Awards for Small Business Disaster Recovery and Outstanding Contributions to Disaster Recovery went to Henry L. Coaxum Jr., owner of Coaxam Enterprises, Inc., Scott Smith, president and CEO of Cellect, LLC, Mayor Kenneth Boswell of Enterprise, Ala., and Melinda Bygate of Summerfield, FL. for displaying exceptional courage, resourcefulness, and tenacity.
From managing employees to taking millions of dollars worth of loans for relief efforts, they truly embodied the entrepreneurial spirit of hard work and creating solutions to aid their businesses and communities.
President Bush, in his speech at National Small Business Week, put it simply: "Do you have the perseverance to endure the bad times, and the humility to handle the good times?" Bush acknowledged that our economy is, indeed, in a bad time. Though he says thanks to many small businesses continuing to be innovative and resilient, we will come out of these times stronger.