$50M in small business grants for 200 Reg. 10 residents

Two hundred persons of Region 10 (Upper Demerara- Berbice) will be benefiting from small business grants valuing $250,000 each, through another initiative launched by Vice President Dr. Bharrat Jagdeo on Saturday.

Altogether, $50 million will be disbursed to help stimulate economic activity in the region.

The initiative was officially launched by Vice President, Dr. Bharrat Jagdeo at the Watooka Guest House, Linden.

This is the fulfilment of another promise made by the Vice President during his outreach to the region back in March.

Dr. Jagdeo explained that this forms part of the administration’s plan to stimulate economic growth across the country. And the intention is not only to render assistance, but also work with the small business owners, providing guidance in different aspects for them to become successful.

As such, he noted that the government will follow-up to ensure that the beneficiaries are using the funds constructively.

He also acknowledged that several regions are having difficulty attracting investments due to location, hence the government is implementing a strategy to address the issue.

The Vice President also addressed the concerns of a number of residents with a view to having them addressed through the relevant agencies. (Extracted and modified from DPI)