April 27, 2013

Statement from Senators Warren and Cowan on SBA's Economic Injury Disaster Loan for Boston Businesses

WASHINGTON, DC - On April 27, 2013, Senators Elizabeth Warren and William "Mo" Cowan released statements in support and appreciation of the Small Business Administration's announcement of Economic Injury Disaster Loans made available to Boston businesses impacted by last week's attacks in Boston. In the aftermath of the bombings near the finish line of the Boston Marathon, a 12-block area surrounding the explosions was identified as a crime scene by the Federal Bureau of Investigations (FBI) and many businesses remained closed for ten days, suffering substantial financial losses. The Senators' statements are below:

"I am grateful to the Small Business Administration for the allotment of Economic Injury Disaster Loans. These funds will provide assistance to small business owners who are working hard both to repair damage and to make up for lost revenue during their extended closure.  Getting Boston's businesses back up and thriving is a critical step in our city's healing," said Senator Warren. "I will continue to support any federal assistance for businesses suffering from last week's cowardly attack on our city. I am proud of the strength shown by Bostonians throughout this recovery and have full faith that Boston and its businesses will come back even stronger and more vibrant than they were on Patriots' Day."

"Even as our community begins a return to normalcy after the horrific Patriots' Day attacks on the Boston Marathon, we still face several hurdles to overcome. In addition to the physical and emotional toll are the losses our Boston small businesses suffered as the city shut down to focus all efforts on hunting down those accountable for the cowardly acts of terrorism," said Senator Cowan, a member of the Senate Small Business and Entrepreneurship Committee. "These funds are the first step in the ongoing efforts that Governor Patrick, my partners in the Congressional delegation, and I will be undertaking to ensure all available federal resources in Boston's recovery."