In the News
Guy Brami, Monica Long and Jose Oscar Chavez each speak about the stimulus with Progressive Maryland.
Gelberg Signs, one of the region’s leading designers and fabricators of commercial signage, was founded in 1941 and purchased by the Brami family – brothers Guy, Luc and Neil – in 1988, after their father, Georges Brami, spent his career with the company. In August of 2010, President Obama came to Gelberg Signs, to see how the business has fared after support from ARRA financing. The Brami brothers have been able to hire new employees due to the FICA matching tax credit that was financed through the stimulus HIRE Act. Gelberg had also received a small business loan through ARRA funding that helped them stabilize their business.
As the backdrop for the President’s remarks, Gelberg Signs is a perfect example of a small business surviving the economic downturn by leveraging the recently passed Federal HIRE Act (Hiring Incentives to Restore Employment). Six of Gelberg Signs’ most recent hires had been previously unemployed.
The access to capital made possible by these loans has enabled the company to reinvest in its infrastructure, improve its physical plant, and most importantly, hire. This year, the company has brought on 15 new employees and is currently hiring several more. Now that Gelberg Signs has reinvested in its infrastructure, the company’s owners are looking toward continued growth for the future.
Gelberg operates with a “double bottom line return” philosophy, and hopes to find the right company or investor that sees the opportunities that exist within its double bottom line return. “We believe healthy financial returns must be met by equal return to our local community and employees. That is, not just the returns from the business, but also the good and important work we’re doing in the community,” added Brami.
Watch Guy Brami’s video on YouTube.
Watch Monica Long’s video on YouTube.
Watch Jose’ Oscar Chavez’s video on YouTube.