Bronx businesses fight for survival amid crisis

While lawmakers on Capitol Hill are scrambling to re-write the biggest financial bailout plan in history after it was rejected Monday, local business owners say

WESTCHESTER SQUARE - While lawmakers on Capitol Hill are scrambling to re-write the biggest financial bailout plan in history after it was rejected Monday, local business owners say time is running out for them.

The owner of Square Flowers in Westchester Square has been making bouquets for more than three decades, but as the result of the financial meltdown of Wall Street, he says his business is hanging by a thread.

?After 35 years of being a successful business, I came to the point where I cannot pay my bills,? he says.

If the business does not improve soon, the florist says he will be forced to fire some family members to make ends meet.

Down the block, National Coffee Shop is also struggling to stay afloat. The owners say people are going out to eat less often these days, and the business is bearing to consequences.

As Bronx entrepreneurs continue to wait for the resolution of the financial crisis, the House is expected to put together another rescue package later in the week.

Click here for President Bush's speech on bailout plan

advertisement | advertise on News 12

Trending Video

Videos from inside the halls and classrooms of 1 Videos capture violent fights inside M.S. 232
Witnesses say someone tried to snatch a baby 2 Witness: Suspect attempts to abduct baby from stroller
Neighborhood Brief for Jan. 22 3 Neighborhood Brief for Jan. 22
Police are searching for a man they say 4 Police: Man stole electric tools worth $650
Video: President Trump's inauguaration speech 5 Video: President Trump's inauguration speech

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE