Fifteen hundred micro and small businesses will benefit from grant funding from the Ministry of Commerce, Enterprise and Small Business Development under via a partnership with the World Bank.
Permanent Secretary in the Ministry of Commerce, Enterprise and Small Business Development, Esther Thomas said the industry has been subdivided into four specific sectors.
Retail, Trade and Services
This subsector will target seven hundred people including art and craft producers, landscapers, retail shops, barbers, hairdressers, manicure and pedicure practitioners and vendors involved in retail trade.
Food and Beverage
Three hundred and fifty persons with restaurants and bakeries will be targeted here.
Manufacturing and Agro processors
This subsector includes chainsaw and producers of lumber, charcoal and honey producers, furniture makers and other light manufacturing and agro processing. Three hundred under this subsector will benefit.
Persons involved in construction (bricks and mutter), mechanics, electricians and plumbers will be targeted here.
Thomas said it is important to note that the facility is an emergency grant to aid micro and small businesses in the recovery process and encouraged these persons to begin to prioritize what must be done first in the process of reestablishing their businesses.
The one thousand five hundred successful applicants will each receive the same amount one five thousand, three hundred and seventy-six dollars ($5, 376) she added.
While the sum may seem small, the Permanent Secretary said, “I think if a micro and small business in the areas that we have highlighted prioritize what they need to do first, I think it’s a beginning to bring them to move forward”.
Forms are available at the Ministry of Commerce. Staff of the ministry will also place them at Village Councils island wide.
“The staff will explain to all the clerks how the forms must be filled out so that they can give guidance to the people filling them out,” Thomas said.