: News

Maryland Funding Program Helps Save Small business

Play associated audio
Montgomery County Executive Ike Leggett joins Md. Lt Gov. Anthony Brown and store owner Ali Rostai at re-opening of Rostai's in Silver Spring, MD.
Elliott Francis
Montgomery County Executive Ike Leggett joins Md. Lt Gov. Anthony Brown and store owner Ali Rostai at re-opening of Rostai's in Silver Spring, MD.

By Elliott Francis

A funding partnership between the state of Maryland and Montgomery County has helped preserve a local business and jobs.

Rosta's, a popular clothing store in Silver Spring, Maryland was on Colesville road until they lost their lease back in 2007.

Now they're celebrating the opening of their new location, a few blocks over, secured with the help of a $580,000 investment by the Maryland Department of Housing and Community Development.

Lt. Governor Anthony Brown says the credit goes to the DHCD program called 'Neighborhood Business Works'.

"We're really excited about it and we're looking at more of these opportunities across the state to put Marylanders back to work to create jobs, and to support local businesses," he says.

The state's loan was on top of an initial investment made by store owners.

Without the additional funds, owner Ali Rostai says his store might have folded.

Instead he expects to add 20 workers when he reopens later this month.

NPR

'We're Mostly Republicans': New Hampshire Voters Explained By 'Our Town'

After NPR's Bob Mondello used The Music Man to help explain the Iowa caucuses, he wished there was a musical of Our Town so he could do the same for New Hampshire. It turns out there is one.
NPR

Gulf Of Mexico Open For Fish-Farming Business

For the first time, companies can apply to set up fish farms in U.S. federal waters. The government says the move will help reduce American dependence on foreign seafood and improve security.
WAMU 88.5

What's Behind Trends In U.S. Violent Crime Rates

FBI data suggest there was a slight uptick in violent crime in the first half of last year, but overall violent crime rates in the U.S. have dropped dramatically over the last twenty years. What led to the long-term decline, and why do some say it’s likely to continue?

WAMU 88.5

Blocked: Twitter's Role In Combating Violent Extremism

Over the course of seven months, Twitter has suspended over 125,000 accounts for threatening or promoting terrorist acts.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.