BALTIMORE (AP) — The U.S. Small Business Administration has approved more than $165,000 in economic injury loans to help 38 Baltimore-area small businesses and nonprofits recover from civil unrest related to the death of Freddie Gray.
The numbers released Friday bring the total riot-related costs to at least $33.4 million. That includes a state estimate of $19.4 million for emergency protective measures and public-property damage, plus $12.9 million in paid insurance claims.READ MORE: Summer Surge: As Coronavirus Infections Rise In Maryland, Some Reveal Why They Won’t Get Vaccine; Hogan Says ‘Breakthrough’ Infections Under 1%
The low-interest SBA loans are to help small enterprises meet working capital needs. In July, the agency approved about $18,000 in loans to help repair physical damage to 24 properties.READ MORE: Chaotic Pop-Up Block Parties Disrupt North Baltimore Neighborhood
The Baltimore Development Corp. says more than 400 businesses sustained damage or inventory losses.
Gray was a 25-year-old black man who died in April from injuries he suffered in police custody.MORE NEWS: Lamar Jackson Tests Positive For COVID-19, Misses First Day Of Ravens Training Camp
(Copyright 2016 by The Associated Press. All Rights Reserved.)