Sunday, April 24, 2011

RI business wins SBA award for outstanding disaster recovery effort - SouthCoastToday.com

WESTERLY, R.I. - James Silvestri, Rhode Iceland business owner whose car parts store is suffered major losses after flooding hit westerly last year, the US Small Business Administration's Phoenix Award for his efforts, business be in the help to create his community.The award will be presented while he was drenched in March 2010 to more than 17 cm rain SBA's national small business week celebration in May.Westerly. Silvestri looked out the window of his westerly store near the Pawcatuck River to a fierce, raging stream from a benign stream grow car parts.If water encrypted Silvestri and his 30 employees in the store on 2 April, on the first floor move out of cellar inventory. They had to evacuate when the water rose six feet above street level.Silvestri is also a volunteer firefighter in westerly, instead to insist his company first, he worked with the city first responders to help others in need.After his return to assess the damage, he was shocked to learn his business, not the estimated $300,000 flood damage cover his business business interruption insurance.He received an SBA Disaster loan, the funds to a different location on higher ground to secure.Silvestri's supplier, NAPA Connecticut, lent him 40 volunteers, who helped set up the new store. Loyal customers paid accounts forward, to help him cover open Betriebskosten.Westerly auto parts again for 12 days. In addition to save 30 jobs, he could set more employees 10."For his integrity and dedication to the recovery of the westerly to the last year's floods Silvestri receives award for small business disaster recovery 2011 Phoenix."The Phoenix Award is a confirmation of the owner of a company's heroic efforts and a recognition of the contributions that make the economic recovery of their communities, "SBA said Administrator Karen G. Mills." "James Silvestri displayed enormous courage and ingenuity to the flood, and he is an example of the spirit, the one to the disaster as follows rebound."The Phoenix Award is presented on 19 may in Washington, D.C.
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