Aug. 31 Deadline For Baltimore Business Riot Repair Loans
BALTIMORE (AP) -- The Baltimore Development Corp. says Aug. 31 is the deadline for businesses damaged by civil unrest to apply for loans from a local recovery fund.
The quasi-public organization says it has identified more than 400 businesses that suffered losses from rioting, looting, arson and the five-night, citywide curfew that followed the uprising in late April.
The privately funded Baltimore Business Recovery Fund offers zero-interest loans of up to $35,000. The loans are forgiven if the business stays open at least 24 months.
The corporation says it has awarded 15 loans, totaling nearly $325,000.
It also offers grants of up to $5,000 for fixing broken doors and windows.
The rioting followed the arrest and death of Freddie Gray, a 25-year-old black man, from injuries he suffered in police custody.
(Copyright 2015 by The Associated Press. All Rights Reserved.)
