Economic Growth and Innovation Newsroom
Two Businesses Receive METCO Loans
Tuesday December 16, 2008
The owners of a new restaurant on East Market Street and a family that is redeveloping a former Kmart into retail mall have been awarded small-business loans from Louisville Metro Government.
The loans, totaling $80,650, were:
- Wiltshire Pantry on Market, 636 E. Market Street. A $30,650 low-interest loan will help owner Susan Hershberg open a restaurant and bar in the East Market Arts District. The restaurant will be open Thursday, Friday and Saturday for dinner only. Hershberg is the owner of Wiltshire Pantry catering.
- Blackstones, 7813 Beulah Church Road. A $50,000 forgivable loan will help Darren and Deborah Kady transform a former Kmart into a retail center. The Kady family will operate a home décor and jewelry store, Blackstones, in the space and rent the rest to other retailers.
“Small businesses are the backbone of our economy,” Mayor Jerry Abramson said. “Now, more than ever, it’s important to invest in small businesses that create jobs in these difficult economic times.”
For more information about business loans provided by Metro Government, see www.louisvilleky.gov/economicdevelopment