Boylston Street Businesses Get Patrons, Loan Offer In Boston | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

Boylston Street Businesses Get Patrons, Loan Offer In Boston

Faced with sharp financial losses stemming from the Boston Marathon bombing attack and the days of forced closure that followed, businesses in the affected Copley Square area can apply for federal help, the Small Business Administration announced Friday.

The news comes as people continue to flock to Boylston Street, to pay their respects to victims of the April 15 attacks and to support stores and restaurants that were open for the first Saturday since the bombings and the ensuing manhunt.

"We're looking at millions of dollars in losses," Meg Mainzer-Cohen, president of the Back Bay Association, tells The Boston Globe. "Some of it can be recouped by the passionate support we're receiving now. But there are some that, no matter what, won't be able to make it up."

The Small Business Administration plan would allow businesses to apply for long-term federal loans that come with low costs and an interest rate of 4 percent.

Today, Boylston Street's shops are open for business; the area reopened to pedestrians Wednesday.

As Rachel Gotbaum reports from Boston for our Newscast unit, one of the newly reopened stores is Marathon Sports. Its windows still showed signs of the attacks, but customers were there in force, manager Shane O'Hara tells Rachel.

"I've never opened up the door on a normal Saturday and had probably 15-20 people walk in, and also saying thank you," he said, his voice beginning to crack with emotion, "and giving me flowers and stuff."

Prior to the SBA announcement, some business owners in the Copley Square area had found themselves in the odd position of hoping the bombing attack would not be officially deemed an act of terrorism.

As WBUR's Curt Nickish reported Friday, that's because not all store owners have insurance policies that cover losses associated with a terrorist attack.

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

NPR

WWI Diaries Of Poet Siegfried Sassoon Go Public For First Time

Nearly a dozen notebooks and journals by the author, who fought in the British Army during the war, are being released to coincide with the centenary of the start of the conflict.
NPR

Cheap Eats: Cookbook Shows How To Eat Well On A Food Stamp Budget

A Canadian scholar was unimpressed with the cookbooks available for people on food stamps in the U.S. So she decided to come up with her own set of tips and recipes for eating well on $4 a day.
WAMU 88.5

McDonnell Corruption Trial: Defense Zeroes In On Star Witness' Credibility

Defense attorney William Burck is focusing on inconsistencies in what Jonnie Williams told investigators as well as his stock dealings.
NPR

Simmering Online Debate Shows Emoji Is In The Eye Of The Beholder

A report from a local Philadelphia TV station is re-igniting a debate and getting people all up in arms. (Or should we say, up in hands?)

Leave a Comment

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