Shutdown's impact on local busnesses

5:44 PM, Oct 16, 2013   |    comments
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CLEVELAND -- The possible deal to end the shutdown is a relief to local business owners.

Many feared that the default deadline would cause an unstable economy and hurt business.

Karen Bosworth is living her life-long dream. She opened KB Confections Bake Shoppe in Lakewood about a year ago. It's home to Karen's exquisitely hand-painted cakes -- shoes made out of all sugar, and the one and only "Chubby Scout."

"I have a sweet tooth, a really bad one," said Bosworth.

That sweet tooth is growing. She's expanding her menu and building. Had Karen not secured her small business loan before the possible default deadline, her dream of expanding wouldn't have happened because the interest could have doubled --  even tripled.

"I'm very relieved that we don't have to go through all the mess that's happening," said Bosworth.

Just a few miles down Detroit Road in Rocky River, nobody is happier about a potential deal than the owner of Century Cycles.

His Peninsula store turned into a virtual ghost town --  cutting off all rentals and forcing Scott Cowan to layoff workers during one of the busiest times of the year.

"The fall foliage is really one of the nicest times to ride a bike and in the national park where you have perfect temperatures, you've got really beautiful colors and it's really a great time to be out in nature," said Cowan.

Scott hopes a deal is finalized while the fall colors are still on the trees. But he and Karen are cautiously optimistic.

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