With one week to go before the November 16 deadline for small businesses to apply for the government’s restoration grant, the Micro, Small and Medium-sized Enterprises, MSME, Alliance, says a major push is underway to help companies benefit from the opportunity.
Mohan Beckford is the newly elected president of the alliance.
The Ministry of Industry, Investment and Commerce has touted the grant programme as a major strategy to help businesses rebound from the shock of Hurricane Melissa.
The grant has two components; The FASST BIZ Grant and the Tools of Trade Grant. FASST is Financial Assistance for Small Business Stabilization and Transition.
Under that grant, Up to $350,000 will be disbursed for registered or semi-formal micro and small businesses with damage to stock, premises, tools, or equipment.
For the Tools of Trade Grant, up to $100,000 will be given to self-employed individuals needing to replace damaged or lost tools, equipment, or stock.
Beckford says people are being assisted to complete the application process.
Mohan Beckford, president of the MSME Alliance. He was speaking during an interview with Nationwide News.
Meanwhile portfolio minister, Senator Aubyn Hill, says thousands have already applied for the grants.
Senator Aubyn Hill, Minister of Industry, Investment and Commerce. He was also speaking with our news centre on Sunday.
