$1 million in state money for Ferguson businesses
Fri, 29 Aug 2014 03:02:41 GMT —
Missouri Gov. Jay Nixon says the state is committing $1 million in support to businesses affected by a St. Louis suburb's racial unrest that followed the shooting death of an unarmed black 18-year-old by a white police officer.
Nixon says he's designated State Treasurer Clint Zweifel to oversee the distribution of no-interest loans to Ferguson businesses harmed by looting and rioting since the Aug. 9 death of Michael Brown.
Nixon's announcement of that public-private effort comes as the cost of the racial unrest in the largely black suburb with a predominantly white police force is beginning to trickle in.
St. Louis County's chief operating officer estimates that total cost could reach as high as $6 million.