wjz-13 all-news-99-1-wnew 1057-the-fan 1300logo2_67x35


Baltimore Has New Opportunity For Small Businesses

View Comments
small business shopping
PatWarrenWebPhoto Pat Warren
Pat Warren joined the Eyewitness News team in 1992. Pat came to WJZ...
Read More

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Popular Entertainment Photo Galleries

Celebrities With Crazy HairstylesCelebrities With Crazy Hairstyles

Stars Who Had Children Via SurrogatesStars Who Had Children Via Surrogates

The Biggest Nerds In Pop CultureThe Biggest Nerds In Pop Culture

10 Celebrity Cougars10 Celebrity Cougars

Sober Celebrity QuotesSober Celebrity Quotes

» More Photo Galleries

BALTIMORE (WJZ) — At a time when many are struggling to stay afloat, the city opens an opportunity for small businesses.

Political reporter Pat Warren explains Baltimore expects a new micro loan fund to benefit entire neighborhoods.

In the world of fashion, Jody Davis wears a lot of hats. She joined the mayor and other small business-owners Wednesday morning for the launch of a city micro loan fund, money available to Baltimore-based businesses with annual revenues of under a million dollars.

“The economics makes it really a challenge and this product that they’re coming out with for micro loans would help a person like myself just propel forward,” Davis said.

And as small businesses go, so goes the city.

“They create a buzz that attracts people, not just from that community and from the city but a buzz throughout the region and we want to happen in more Baltimore neighborhoods,” said Mayor Stephanie Rawlings-Blake.

The micro loans are between $5,000 and $30,000.

“Growing a business not just helps myself, it helps the economy in general,” said Davis.

Baltimore small businesses get another plug from the mayor this weekend on her Small Business Saturday tour, which follows Black Friday.

Loan applications will be accepted starting December 17.

View Comments
blog comments powered by Disqus