Baltimore Bouncing Back: Business On the Rise After Unrest
BALTIMORE (WJZ)—It's a sign better days are ahead for riot-torn businesses in Baltimore.
It been more than a year since the unrest that left some local business in the red and some shutting their doors for good.
But leaders in Charm City say business is on the rise.
"We're seeing new businesses open up every month. They're doing well, they're happy," said Laurie Schwartz, with Waterfront Partnership.
At the new cafe-record store, "Baby's On", co-owner Shirlé Koslowski has no hesitation about opening shop despite the unrest.
"I think people are resilient in the city and I think they constantly will bounce back," she says.
Development is also bouncing back. Cranes are popping up in the city skyline as high-rise buildings and new construction break ground.
The Inner Harbor also took a hit as many shied away in the wake of the unrest. Now there's no shortage of visitors.
Experts noticing a spike in millennial's moving back to the city.
"Baltimore has a unique advantage where the affordability allows for a lot of entrepreneurs to set up really distinctive restaurants, as galleries, entertainment establishments and economic renaissance that no one predicted," said Steven Gondol, Executive Director with Live Baltimore.
Experts say affordability is playing a big role in keeping businesses here and bringing in new investment.
Another perk that's attracting investment: the city's tax incentives.
