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This morning at the Newport Marriott, Erin Donovan-Boyle, executive director of the Newport Chamber, led an information session on loan and relief programs for businesses affected by the gas outage. RI Commerce, National Grid, SBA and many other organizations were also present to answer questions.
Representing the city, Newport City Director Joseph Nicholson made some introductory remarks.
"I'm as interested as all of you in knowing how this is going to end. Small businesses are the cornerstone of the community, the city supports you 100%. "
"Take advantage of all these resources, it's phase IV and everything for you. Call me, if you need it, call us at 845-5429, "he said.
Donovan-Boyle emphasized the importance of collecting data on the economic impact, "for the magnitude and scope" of the outage. Visit the website, whether you are a member of the House or not, newportchamber.com.
Stefan Pryor of R.I. Commerce Corporation spoke about state plans.
"The insurance process can be lengthy, we wanted a faster loan product," he said.
BankNewport, the RI Foundation and the RI State have made it possible to borrow $ 1.45 million. $ 25,000. The loan application will be available today and the business owner can expect to receive a response within two days of receiving the request.
National Grid is also stepping up its operations with $ 500K grants for businesses and affected residents. Claim forms and information on National Network rebates and grants will be available at the Newport Visitor's Office and Middletown Police Station throughout the week. The maximum for these grants is $ 5,000.
"It's only the beginning, we will continue to raise if necessary," said Brian Schuster of National Grid.
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