William Loiry Helps Bring Financial Relief to the People of the Gulf Coast

Destin, Florida - June 11, 2012. William Loiry hosted a regional and national summit in Destin, Florida today to help bring financial relief to the people of the U.S. Gulf Coast who continue to be hurt by the impact of the BP oil spill.

More than $30 billion is soon to be infused into the Gulf Coast, bringing new monies, programs, and contracts for jobs, economic development, environmental restoration, and much more.

Hundreds of conference participants listened to senior Congressional staff, state legislators, county commissioners, parish presidents, state and city officials, business leaders, environmental experts, health officials, and lawyers providing the latest information on:

* $21 billion in expected RESTORE Act monies

* $8 billion in BP lawsuit settlement monies

* $1 billion in BP early restoration monies

* New BP oil spill claims process

Loiry has been working to help the people of the Gulf Coast for the past seven years. Following Hurricanes Katrina and Rita in 2005, Loiry organized four major conferences on the reconstruction of Louisiana, Mississippi, and Texas. In 2010, Loiry worked to protect the Gulf Coast and its people by advocating non-toxic dispersants to combat the BP oil spill, helping small businesses along the Gulf Coast get compensation and other resources, and by convening a series of Gulf oil spill disaster response conferences. In April of 2011, Loiry convened a free first anniversary oil spill summit in New Orleans, bringing together more than 700 leaders to empower a healthy and economically vibrant Gulf Coast - speakers including Presidential Oil Spill Commission Chairman Bob Graham and GCCF Administrator Ken Feinberg. At the Summit, U.S. Senator Mary Landrieu announced $1 billion in new monies from BP to assist coastal restoration.