The government will offer another round of small business grants using federal funds from the American Rescue Plan Act of 2021, Gov. Lou Leon Guerrero said Thursday.
To compliment the direct aid to businesses, Leon Guerrero said the administration will also initiate a program that will send the displaced workers back to the workplace. “The concept is this: it is designed to subsidize your new hires for three months, so that you can get back on your feet. This way, we help businesses and get people working,” Leon Guerrero said, keynoting the Guam Hotel and Restaurant Association’s Economic Forum held Thursday at the Hyatt Regency Guam.
“In summary, we are offering direct aid to small businesses, stimulus for families to spend in our economy,and continued policy work to create a more business-friendly environment," she added.
Guam has received its allocation of $553 million, which was part of the $604 million the territory has applied for and expects to receive through ARPA.
The administration’s proposed programs will require a partnership with the private sector, the governor said.
“We are working to incentivize the return to work, so that you can be more aggressive on hiring,” Leon Guerrero said. “I know we don’t always agree. But I hope you realizewe are all in this together and we are on the same team. In the words of Bruno Mars, I’m