GEDA processes $9M in awards for small business rescue assistance
By Pacific Island Times News Staff
The Guam Economic Development Authority (GEDA) has started the transmittal and distribution of the first group of grant applicants for the Small Business Pandemic Assistance Grant Program 2021.
To date, over 700 applicants have been deemed eligible, totaling over $9 million in awards. Interested small businesses are encouraged to apply before the closing period on Dec. 9, 2021.
“Throughout the pandemic, our business community has been at the forefront of keeping our people safe. Whether it meant temporarily closing doors as we worked to minimize the spread of the virus or adding outdoor dining options and delivery services, we recognize their efforts to prioritize public health and safety,” said Gov. Lou Leon Guerrero. “These sacrifices didn’t come without hardship and loss of profits, which is why this direct aid program for businesses was among our first investments using American Rescue Plan funds.”
“We thank the Guam Economic Development Authority for the expeditious rollout of this program and for consulting with our business community, resulting in greater flexibilities in the use of these grant funds,” said Lt. Governor Josh Tenorio. “If you were a small business affected by the pandemic, we encourage you to apply today.”
“This first group of grant awards represents a broad spectrum of local small businesses,” said GEDA CEO/administrator Melanie Mendiola. “These grants will assist businesses in covering important business expenses, such as payroll, rent, utilities, and vendor costs with the goal of aiding in their economic recovery. On behalf of the entire GEDA team, I thank all businesses that have applied for their cooperation through the application review process.”
“During the pandemic, it was very stressful. We had a lot of sleepless nights knowing every month our bills start to add up,” said Sakura Noodle House owner Ryu Miwa. “With this relief program, it’s definitely going to help us with that. We’re going to be using the money for payroll, rent, utilities.”