Bay State Banner 8-14-14

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ARTS AND ENTERTAINMENT

Neighbors turn out to view Kittredge House restoration ......... pg. 3

Wesley Snipes pg. 11

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Thursday • August 14, 2014 • www.baystatebanner.com

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Globe attacks aid for Hub’s small business MB Miller Several Massachusetts public officials developed strategies to assist small business during the Great Recession. Their efforts undoubtedly contributed to the better economic performance in the state during a very challenging period. However, the Boston Globe chose to ignore this achievement in order to level another attack against the Bay State Banner. When the nation’s financial system collapsed in 2008, the primary focus of attention was to rescue big banks. The bank bailout, called the Troubled Asset

those businesses are unable to find the capital for growth. Gov. Deval Patrick knows this. He signed into law the Massachusetts Growth Capital Corporation in 2010. The MGCC operates much like a federal Small Business Administration, but on a state level. The addition of state resources induced other financial institutions to become involved in a business project that would otherwise be “un-bankable.” One of the first projects initiated by Steve Grossman when he became state treasurer was the Small Business Banking Partnership. He deposited $350 million

Commentary Relief Program (TARP), was signed into law by President George W. Bush on October 3, 2008. However, the law originally aided only those banks considered to be “too big to fail.” Barney Frank, the former congressman from Newton, was then Chairman of the House Financial Services Committee. He knew that the banks serving Fortune 500 companies would benefit from TARP, but the smaller banks would fail, much to the detriment of the small business community. Therefore, he amended the plan to provide much wider access to TARP aid. Nonetheless, stricter rules by the bank regulators made it more difficult for small businesses to obtain bank loans. Yet, it is generally conceded by economists that small businesses are a substantial source of jobs. Unemployment is to be expected if

of state funds into 54 community banks, provided that the banks agree to make small business loans. This plan has resulted in almost 8,000 loans with a value of more than $1 billion. Tom Menino, the former mayor of Boston, has always been concerned about business development in the city. The Boston Local Development Corporation was established years ago, primarily to provide working capital for small businesses. The BLDC is a 501(c)(3) corporation with an independent board of trustees to approve applications for loans and the administration of outstanding debt. The management of the program is by the Boston Redevelopment Authority. It is expected that most loan applicants would not be well received by the banks or other financial institutions. The BLDC is willing Globe, continued to page 18

On hand to celebrate the ribbon cutting of the newly-renovated Alvah Kittredge House in Roxbury (see p. 3) are state Rep. Byron Rushing, UMass Boston Professor Kwame Mark Freeman and Northeastern University Vice President for Public Affairs Bob Gittens. (Banner photo)

Legislature approves new neighborhood liquor licenses Yawu Miller Restaurateur Karen Henry-Garrett has nearly all the elements for success with her trendy Dot2Dot Cafe, which was voted Dorchester’s best restaurant in Boston Magazine. But when the last of her lunch customers leaves, Henry-Garrett shuts the eatery down till the next day. Without a liquor license, Dot2Dot can hardly compete with other establishments on Dorchester Ave. “A liquor license would make a great difference,” Henry-Garrett said. While liquor licenses — which can sell for as much as $500,000 when available — have long been

out-of-reach for many small startup restaurants, that will soon change as the first of the city’s new release of the licenses comes on board in September. The city will make available 25, with 20 reserved for neighborhood business districts like the Fields Corner/Ashmont area where Dot2Dot operates. The new liquor licenses are part of an economic development bill passed by the Legislature that returns control of Boston’s Liquor Licensing Board to the city and increases the number of licenses available. The city will release 25 new licenses a year for the next three years, with 60 of those licenses going to business districts in

Dorchester, East Boston, Hyde Park, Jamaica Plain, Mattapan, Mission Hill, and Roxbury and are not transferable. If a restaurant closes or is sold, the licenses, which the city will sell for $2000, return to the city. City Councilor Ayanna Pressley, who sponsored the city council ordinance for the new licenses, says her aim is to help breathe new life into struggling business districts. “This is a game changer,” she said. “What I wanted to do is to address the contrast between neighborhoods that are saturated with liquor licenses and neighborhoods that are deserts.” In the North End there are 99 liquor licenses. In Roxbury there licenses, continued to page 18

Activists urge president to reform immigration Nate Homan

Immigration activists rally at Copley Square before marching to the Boston Common last week. While the GOP-controlled Congress passed a measure that would have expedited deportations of child immigrants, Democrats are advocating evaluating immigrants on a case-by-case basis. (Banner photo)

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The tone on Capitol Hill in Washington, D.C. is distinctively different from the message sent by Massachusetts activists and politicians, who rallied on the Common and demanded a new, more compassionate nationwide approach to addressing the recent deluge of undocumented children arriving at the U.S. border. The House of Representatives passed two anti-immigration bills on August 1 that would block President Barack Obama from taking ex-

ecutive action on immigration while expediting the deportation process. The House bill, which passed 216192, seeks to stop the Deferred Action for Childhood Arrivals, an Obama-backed program introduced during the summer heading into the 2012 election. Congressman Mike Capuano said that the GOP bills were more political theater and posturing than actual legislative measures. “This was nothing more than an attempt to send a political message to President Obama and the rally, continued to page 20

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