By: Monica Casey | WCTV Eyewitness Information
March 23, 2020
TALLAHASSEE, Fla. (WCTV) — Two Tallahassee companies acquired the primary Small Enterprise Emergency Bridge loans from the state; now, the Blueprint board has scheduled a gathering for Wednesday, March 25, to attempt to discover a native resolution as nicely.
The loans to Full Press Attire and Jersey Mike’s Subs had been processed by FAMU’s Small Enterprise Growth Heart.
They’re known as “bridge loans” as a result of the objective is to bridge the hole between the time when the financial impression occurred, and when a enterprise can safe different monetary sources.
Full Press Attire has operated in Tallahassee for greater than 20 years. Co-owner Danny Shrine says the mortgage took simply two days, and it was easy in comparison with a financial institution mortgage.
“Appearing as shortly as attainable and profiting from these packages which might be in place to assist us. They’re for all employers, we have all been harmed, and have actually seen an angle of willingness to assist,” stated Shrine.
Shrine says manufacturing has been down by about 70%.
“Each occasion that is canceled is a t-shirt that is not made, each crew that is not enjoying, each live performance that does not happen, all of that comes again to us,” he stated.
The enterprise is utilizing the mortgage to create extra paid day off for workers, who’re struggling as a consequence of much less obtainable working hours. Much less enterprise means much less manpower wanted.
“We have got the funding to deal with all our workers, hold them employed, on the payroll, and never struggling financially,” stated Shrine. “We have now 65 workers, and all of their households are depending on their earnings.”
Native leaders are additionally getting ready to assist small companies, scheduling a Blueprint assembly for Wednesday.
“We have got the power, below the tent of financial improvement, to say can we return in and assist a few of these companies. We have now a restricted quantity of funds, and I am not gonna say we’re gonna resolve all the issues, however I believe we will get artistic,” stated Leon County Commissioner and Board Chair Bryan Desloge.
Desloge says Blueprint in itself is considerably a hybrid type of Metropolis and County; it is made up of all Metropolis commissioners and County commissioners. Blueprint cash is normally used for infrastructure, however will also be used for financial improvement.
“Employees’s been trying round at methods we will probably get some short-term reduction,” stated Desloge. “It is the proper factor to do, and it is a laborious factor to do. All people’s delicate to the truth that we do not need to hamstring ourselves going ahead, however we’re form of in uncharted waters.”
Because of Sunshine Legislation, commissioners can’t talk with one another exterior of public conferences; many have posted their concepts on social media.
On Friday, March 20, Mayor Dailey urged Desloge to name the Blueprint assembly for early this week, to permit native authorities to plot an answer.
Metropolis Commissioner Jeremy Matlow additionally tweeted his concepts, writing: “I consider we have to make $10 million obtainable in $25,000 interest-free small enterprise loans, dedicate our complete Workplace of Financial Vitality workers to helping native companies to hook up with State and Federal sources, and put a six-month moratorium on all different OEV spending.”