The Ministry of Finance, COVID-19 Economic Support Secretariat (CESS) is responsible for the implementation of the incentives announced in the National by Dr. the Right Honorable Keith Mitchell, Prime Minister, on March 20, 2020, which aims to promote business sustainability and alleviate any potential job loss as a result of the negative effects of COVID-19.

 

OBJECTIVE OF THE COVID-19 INCENTIVE PROGRAM TO HOTELS, RESTAURANTS, BARS 🔻

·      To provide grant support to key Sectors in Grenada, Carriacou and Petite Martinique to alleviate any potential job loss (layoffs) as a result of the negative effects of the covid-19 pandemic.

OBJECTIVE OF THE COVID-19 INCENTIVE PROGRAM TO PUBLIC TRANSPORTATION SECTOR (BUS OWNERS) 🔻

1. To provide grant support to Bus owners in Grenada to ensure business continuity and mitigate against possible negative effects of the covid-19 pandemic.

 

 

2.   Adjust the small hoteliers’ facility at Grenada Development Bank to support all hoteliers by injecting an additional million to this facility.

 

3.   Work with the National Insurance Scheme (NIS) to provide unemployment benefits support due to the fallout of this pandemic initially estimated at million.

 

4.   Suspend the 2% increase in NIS payments for the period.

 

5.   Encourage the trade union movement to work with the business community to support the use of vacation leave as a first option in the event of the businesses having to resort to skeleton staff.

 

6.   Expand the public sector investment programmes in an effort to boost employment at the community level.

 

7.   Suspend the monthly advance payment on Corporate Income Tax for the period.

 

8.   Suspend the instalment payments on the Annual Stamp Tax for the period.

 

9.   Expand the small business soft lending facility at the Grenada Development Bank by an additional million.

 

10. Place on the price control list certain cleaning items to prevent price gouging at this time. This will include but is not limited to Hand Sanitizers, Bleach, Hydrogen Peroxide and Hand Soap.

 

11. Follow all necessary exemption protocols to provide incentives to private labs and medical facilities procuring items to support the fight against COVID-19.

 

12.  Increase farm labour support to immediately boost agricultural production island wide. Government is also giving consideration to the support for farmers and fish exporters who have recently been affected as a result of international travel restrictions

OBJECTIVE OF THE COVID-19 INCENTIVE PROGRAM TO TOURIST VENDORS, TAXI DRIVERS 🔻

·      To provide grant support to the key sectors in Grenada to ensure business continuity and mitigate against possible negative effects of the covid-19 pandemic.