Business Affected By Riots Hoping To Rebound Over Financial Hurdle
BALTIMORE (WJZ)–Baltimore businesses say they’re still reeling from the unrest in April and the week long curfews that followed.
Christie Ileto explains how the state is trying to help local stores get back on their feet.
The cleanup was the easy part. The financial recovery following the riots is the challenge.
The Maryland Zoo wasn’t targeted on April 27th, but still took a financial blow.
“The day after the unrest began we had no field trips, we had no kids here,” said Jane Ballentine, Maryland Zoo.
The unrest, the curfew and the city’s perception–crippled revenue for the neighborhood which usually sees around 4,000 kids a day on school trips.
A common but growing problem for 385 businesses across Baltimore–costing taxpayers 20 million dollars.
“It’s enough to make you cry,” said one business owner.
Businesses looted, some burned to the ground are struggling to bounce back.
The governor’s office now offering recovery assistance.
“Some of the business owners are looking for help and assistance right t now. They’re looking for cash, loans and other types of resources,” said Roger Campos.
But business are anxious to regain a sense of normalcy.
“We’re going to be watching the numbers and welcoming guests we hope all summer long, but it’s something we really need to think about as we plan for our next budget year,” Ballentine said.
Hoping to rebound over the financial hurdle.
The governor’s office says they’ve taken dozens of applications and already approved 13 microloans.
The SBA is also offering low interest loans up to $2-million to businesses and resident who took a financial hit or were damaged.