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Nixon Unveils Aid To Ferguson Recovery

Photo: Image by Office of Governor Jay Nixon

Nixon Unveils Aid To Ferguson Recovery

By Mike Morgan. CREATED Aug 28, 2014

ST. LOUIS (AP) - Missouri Gov. Jay Nixon says the state and St. Louis-area economic development groups and lenders are committing up to $1 million in support to businesses affected by racial unrest that followed the shooting death of an unarmed black 18-year-old by a white police officer.

Nixon says he's designated State Treasurer Clint Zweifel to oversee the distribution of no-interest loans to Ferguson businesses harmed by looting and rioting since the Aug. 9 death of Michael Brown. The state's share of the support is $250,000.

Nixon's announcement of that public-private effort comes as the cost of the racial unrest in the largely black suburb with a predominantly white police force is beginning to trickle in.

St. Louis County's chief operating officer estimates that total cost could reach as high as $6 million.