Louisiana's economic recovery from BP oil spill has been quicker than expected | NOLA.com

Louisiana's economic recovery from BP oil spill has been quicker than expected | NOLA.com:
by Richard Thompson - The Times Picayune

"Now, 48 months after BP's Macondo well erupted, killing 11 rig workers and causing one of the worst environmental disasters in U.S. history, some business economists and others say that places like Houma, which touts itself as "the hub of the bayou region," and other nearby communities that rely on the offshore industry have seen a quicker recovery than they had expected, in large part due to the hundreds of millions of dollars that BP has doled out in oil spill damages since the April 2010 spill.
Kenneth Feinberg's Gulf Coast Claims Facility, which oversaw BP's $20 billion oil spill damages fund, paid out more than $1.9 billion to nearly 70,000 Louisiana businesses and individuals through April 11, according to its latest statistics. In total, nearly 216,000 claims were filed in the state.
A look at the numbers seems to paint a picture of relative economic health in the state. "

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