Mayor Stoney Celebrates 521 Biscuits & Waffles Ribbon Cutting
Mayor Stoney joined officials from the City’s Department of Economic and Community Development and the Office of Minority Business Development this morning to celebrate the recipients of the first loan under the City’s new Micro-Enterprise Loan Program.
The Mayor cut the ribbon at the grand opening of Biscuits & Waffles at 521 East Main Street. Iron Waffles LLC, doing business as 521 Biscuits & Waffles, is owned by Aaron Bond and his wife, Maria Jose’ Mejia Ruiz. The 521 Biscuits & Waffles is a gluten-free restaurant that serves breakfast and lunch.
“Small businesses are essential to flourishing communities and growing a prosperous city,” said Mayor Stoney. “I’m extremely proud of the work our Office of Minority Business Development is doing to support and encourage entrepreneurial growth and development, and I look forward to seeing how this micro loan program will help launch many other successful new businesses.”
“I am very excited about this important ribbon cutting event in celebration of the first Micro-Loan closing under our new initiative,” said Pat Foster, Director of Minority Business Development Office. “The good news is this is the first of many!”
The Micro-Enterprise Loan Program is a relatively new city financing initiative. This loan program has a component tied to technical assistance and is for businesses with five or fewer employees including the owner(s). The Micro-Enterprise Loan Program fills a void for small businesses that need financing in the range of $2,500 up to $50,000. This loan program is funded with federal dollars and is administered by the City of Richmond.
For more information about the Micro-Enterprise Loan Program, please contact Patricia Foster at (804) 646-7966 orPatricia.Foster@RichmondGov.com.