Mo. unveils aid effort to Ferguson businesses

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by AP

KMOV.com

Posted on August 28, 2014 at 4:19 PM

Updated Thursday, Aug 28 at 5:15 PM

ST. LOUIS (AP) — 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.

 

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