Sunday, April 24, 2011

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

Westerly, RI - James Silvestri, owner of a Rhode Island as the auto store parties suffered major losses, after the flood hit the West last year receives the Small Business Administration of United States Phoenix Award for its efforts to rebuild its business while helping his community to recover.The award will be presented during National Small Business Week celebration in May.Westerly SBA has been soaked in addition 17 inches of rain in March 2010. In the window of his store of Western Auto, Silvestri has seen the Pawcatuck River grow a benign to a fierce current flow, which is raging.When flood waters entered the store on April 2, Silvestri and its 30 employees scrambled to move inventory from the basement to the first floor. They had to evacuate when the waters rose six feet above street level.Silvestri is also a volunteer firefighter in the West, so rather to insist his company comes first, he worked with first responders of the city to help others in need.After his return in his store to assess the damage, he was shocked to learn that his disruption of the business of insurance does not cover the estimated $ 300,000 in losses of flood.He received a SBA Disaster loan, which provided the funds for a different location on a higher ground.Silvestri provider, Connecticut NAPA, he lent 40 volunteers who helped implement the new store. Loyal customers paid accounts forward to help fresh coverage of exploitation.Part of Western Auto reopened in 12 days. In addition to saving 30 jobs, he could hire workers more 10.Pour its display resilience and dedication to the recovery of the West after the floods of last year, Silvestri receives award for small business Disaster Recovery 2011 Phoenix. "" The Phoenix Award is a recognition of the heroic efforts of the owner of a business and a recognition of the contribution of the economic recovery of their communities ", said SBA Administrator Karen g.. Mills. "James Silvestri displayed immense courage and ingenuity from flooding, and it embodies the spirit, we need to rebound after a disaster like this.".The Phoenix Award will be presented may 19 in Washington, D.C.
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