Maryland Funding Program Helps Save Small business | WAMU 88.5 - American University Radio

: 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

The Gift Of Eternal Shelf Life: 'Tuck Everlasting' Turns 40

In Natalie Babbitt's celebrated classic, a young girl stumbles upon a secret spring and the family the spring has given eternal life to. Babbitt says she wrote the book to help kids understand death.
NPR

Food Industry Drags Its Heels On Recyclable And Compostable Packaging

A new report from two environmental groups reviewed the recyclability and compostability of packaging from 47 food companies. It found few examples of companies that have prioritized waste reduction.
NPR

4 Reasons Why It's Veto Season At The White House

In his first six years in office, President Obama issued just two vetoes, the fewest of any president going all the way back to James Garfield. But that's about to change.
NPR

With 'Discover' Feature, Snapchat Bucks Social Trend In News

Snapchat says social media likes and shares aren't what makes a story important. The ephemeral messaging app has rolled out Discover, featuring multimedia articles from major news brands.

Leave a Comment

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