Thursday December 10, 2009
Two new businesses opening near the downtown arena are among four companies receiving small-business loans this month from Louisville Metro Government.
The low-interest loans, totaling $205,000, will create new jobs and help expand the city’s economy, Mayor Jerry Abramson said.
The loans, approved this morning by the Louisville Metropolitan Business Development Corporation, are:
· $50,000 to 123 W. Main, a new hair salon opening at 123 W. Main, in the O’Shea restaurant building adjacent of the arena. The salon, which will also carry retail products, is being opened by Katie Thurpen-Langley and Cynthia Nell Cashen.
· $100,000 loan to Bluegrass Brewing Company, which will open a restaurant at 300 W. Main, near the arena. The project will creating 33 jobs and is the third BBC location for owners Patrick and Lamont Hagan.
· $30,000 loan to J. Benton Group, which is purchasing the Bunz hamburger eatery at 969 Baxter Ave. Sarah and Jeremy Boles are purchasing Bunz from its original owners.
· $25,000 to Apricot Lane Boutique, a fashion and jewelry store opening in Westport Village. The owners are Kimberly Beyer and Wendy Lytle.
The loans to 123 W. Main and Bluegrass Brewing are further proof that the city’s decision to build the arena downtown has spurred economic development that likely would not have occurred with a more suburban location, Abramson said.
For more information about the city’s small-business loan program, visit http://www.louisvilleky.gov/economicdevelopment/METCO.htm