HUD Allocates $37M for Disaster Recovery Aid; Corner Bakery Café Makes Debut
By Gabriel Circiog, Associate Editor
The U.S. Department of Housing and Urban Development has allocated nearly $37 million in disaster recovery aid to the city of Moore and to the state of Oklahoma. The funds aim to help local communities recover from a wave of devastating storms, including the tornado that struck Moore on May 20th.
The grants are provided through HUD’s community development program, which supports long-term disaster recovery efforts in areas with acute unmet needs.
“The May storms cost the lives of dozens of Oklahomans and over $1 billion in property damage,” Gov. Mary Fallin commented in a statement. “We are steadily rebuilding, but many families are still struggling to get back on their feet. The disaster relief grants provided by HUD–along with continued work from state and local governments and non-profits–will make a big difference in the lives of those affected by this year’s tornadoes.”
In retail news, Corner Bakery Café announced plans to open up to seven new restaurants across Oklahoma as part of a new multi-unit franchise agreement with CBCOK L.L.C. The state’s first Corner Bakery Cafes are expected to open next year.
CBCOK also owns and operates over 30 hotels nationwide, including Marriott and IHG Hotels, as well as Subway restaurants. “Some of the things that we found exceptional about Corner Bakery Cafe are the breadth of the menu, operational excellence, best-in-class catering program, locally inspired neighborhood locations and their great unit level economics,” CBCOK’s president & managing partner Kavit Patel commented in a statement.Tags: CBCOK LLC, City of Moore, Commercial, Consumer, Corner Bakery Café, Development, Governor Mary Fallin, HUD grant, Investors, Leasing, Local, Owners, Policy, Professional, Regional, residential, Retail, single-family, Tulsa-Oklahoma City Lead Story