- Associated Press - Thursday, August 20, 2015

BALTIMORE (AP) - The Baltimore Development Corp. says Aug. 31 is the deadline for businesses damaged by civil unrest to apply for loans from a local recovery fund.

The quasi-public organization says it has identified more than 400 businesses that suffered losses from rioting, looting, arson and the five-night, citywide curfew that followed the uprising in late April.

The privately funded Baltimore Business Recovery Fund offers zero-interest loans of up to $35,000. The loans are forgiven if the business stays open at least 24 months.

The corporation says it has awarded 15 loans, totaling nearly $325,000.

It also offers grants of up to $5,000 for fixing broken doors and windows.

The rioting followed the arrest and death of Freddie Gray, a 25-year-old black man, from injuries he suffered in police custody.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2021 The Washington Times, LLC.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide