Burrito Shop Closes After Receiving $150,000 State Aid

MYSTIC, Conn. (AP) _ A business owner who received $150,000 in state aid to open a burrito shop in Mystic and create three jobs has closed the store.

 The Day of New London reports that Tyler Gilbertie, the principal of Gilbertie’s Restaurant LLC of Colchester, closed other businesses, known as Lazy Burrito, in Colchester and Niantic.

Gilbertie received a $49,502 grant and a $100,398 loan under Gov. Dannel P. Malloy’s Small Business Express Program in 2012. The money was earmarked for improvements to the building, machinery, equipment and working capital.

A phone listing for Gilbertie could not be found.

Jim Watson, spokesman for the state Department of Economic and Community Development, said the state wants the money back. He says nine of 992 companies that received money from the business program have closed.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)  

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Connecticut

Play for the Knockout Pool to Win $5,000
Play for the Pro Football Challenge to Win $5,000

Listen Live