The Grenada government on Tuesday said it intends to spend more than EC$20 million in grants and loans to individuals and owners and operators of micro, small and medium (MSM) businesses in the third phase of the COVID-19 Economic Stimulus Support Package. 

Grenada’s Mobilization, Implementation, and Transformation Minister, Andy Williams, said that the third phase of the support is being  reformatted to give those who will benefit a “hand up instead of a hand-out.” 

The COVID-19 stimulus support began in 2020 during the previous administration.

Grenada’s Prime Minister Dickon Mitchell said that the third phase will provide EC$3.1 million to the Support for Empowerment Education and Development programme in the Ministry of Social Development. 

There will also be EC$2.2 million provided for the temporary unemployment benefit aspect of the stimulus package while EC$30,000 in loans will be provided to an unlimited number of MSM businesses in the formal and informal sectors. 

Taiwan National Day Celebration


Please enter your comment!
Please enter your name here