Business Buzz: La. to spend $5M in BP money every 3 months
NEW ORLEANS — State officials say BP will give Louisiana $5 million every three months over the next year and a half to promote Louisiana’s tourism.
The $30 million for tourism promotion is part of $78 million BP has agreed to give Louisiana to monitor seafood for contamination from the Gulf of Mexico oil spill and promote Louisiana’s seafood and tourism. On Friday, state officials said they had finished negotiating with BP on how the money would be used. The $78 million fund was announced earlier this month. Initially, BP had agreed to give Louisiana $10 million a year over the next three years to promote Louisiana’s tourism.