Gelato shop adds 10 workers
Gelato shop adds 10 workers
The Gelato Fiasco
Brunswick, Maine

We've been making gelato in a small town in Maine since 2007, and we wanted to expand to the bigger city of Portland, the cultural center for the state.

We had a great relationship with a local bank here in Brunswick, and when we found a spot in Portland, we went to them and talked about our plan. They gave us a verbal go-ahead and we went ahead and signed a lease.

In the end, we got rejected because our collateral for the store was not sufficient. We were stuck with a lease we had signed, in a perfect spot, and what we thought was a perfect plan.

So we turned to Coastal Enterprises, a CDFI in our area, and told them about our situation. In about a month, we got a $140,000 loan. We opened the new location in the first week of February and we're already off to a great start. We're looking to add 10 people to our 21-person staff, including both full- and part-time workers. We've already filled six of those positions.

I had heard about the Create Jobs program. The best thing Starbucks can do to sell more coffee is to get more people working and earning money -- it makes good business sense. I had never imagined that I would be the recipient of it not three months later.

- Josh Davis, co-owner


By Annalyn Censky @CNNMoney - Last updated February 16 2012: 1:55 PM ET
Join the Conversation
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.