Component 3.2: Support to Formal Employment Programmes
To provide support to incentivize new hires, promote new startups, and expand existing businesses.
Support to Formal Employment Programmes Criteria- Grant Support
(i) Must be a registered business
(ii) Registration with IRD where applicable
(iii) Obtain a Tax Compliance Certificate where applicable
(iv) Registration and compliant with all NIS regulations
(v) Obtained a loan after June 2021 under the Small Business Development Fund or the COVID-19 Support Fund Facility administered by the Grenada Development Bank up to a maximum of $40,000.
(vi) Businesses with full moratorium on principal and interest will not qualify
(vii) For new businesses loans must be in good standing for at least six months