ROSEAU, Dominica, CMC – Dominica Monday launched an EC$1.2 million (One EC greenback=US$0.37 cents) grant utility scheme aimed toward serving to small companies improve their providers by digital expertise.
Digital Economic system Minister Fidel Grant stated small companies may obtain as much as EC$40 000 in funding underneath the scheme.
“At this time, we’re completely satisfied to launch the digital innovation grant. The federal government is permitting people and small companies to obtain a grant of as much as EC$40,000 in funding to use digital expertise and faucet into and entry new markets, introduce services, and develop new cost-effective methods in its operations.”
Grant stated that this system will enable profitable companies to qualify for funding to put money into info expertise (IT) associated tools.
“These grants goal small enterprise house owners who want to develop an e-commerce web site and conduct market analysis,” he stated, including that companies right here wanted to be situated by Google Maps.
“We additionally must pay in your items and providers on-line. Now you can have interaction a specialised technician or service supplier by this grant to reinforce your on-line presence,” he stated. He added that the certified small companies may use the grants to buy licenses for numerous IT merchandise.
Grant stated that to qualify for this system, the small enterprise proprietor have to be a Dominican nationwide, 18 years or older, registered with the Inland Income Division and Social Safety.
“Since this venture targets small companies, you should have not more than 5 workers with an annual gross earnings of lower than EC$150,000. We want to state clearly that funds underneath this venture can’t be used for investments in tools that aren’t straight associated to the vital operations of the enterprise.
“The funds can’t be used for liquidation debt, building of amenities and constructions, buy of inventory, actual property or automobiles,’ Grant stated, including that the appliance interval will run for 3 weeks, bringing the venture to an in depth on December 21 this yr.
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