Friday, May 05, 2006

The Home Depot :: The Home Depot Announces $57 Million Investment To Support Gulf Coast Rebuilding Efforts

The Home Depot :: The Home Depot Announces $57 Million Investment To Support Gulf Coast Rebuilding Efforts: "ATLANTA, May 4 /PRNewswire-FirstCall/ -- Following the most devastating hurricane season in American history, The Home Depot(R), the world's largest home improvement retailer, announced today that it is investing $57 million to support rebuilding efforts throughout the Gulf region. Combining capital construction with philanthropic support, this investment will create jobs, drive economic activity, and support local community efforts to rebuild homes and offer hope for the future.

The bulk of the new $57 million commitment will support capital projects in the region. The company will spend more than $13 million to re-open two New Orleans-area stores, in Chalmette and along I-10 in New Orleans, that were completely destroyed. An additional $43 million will support the opening of new The Home Depot stores, including a recently announced site in downtown New Orleans near the Superdome, a new site in East Slidell, LA, and other sites along the Gulf Coast."

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