Bryan Announces Grant Funding To Assist Small Businesses With Up to $50,000

Government House announced Monday that Governor Albert Bryan has launched the Governor’s Small Business Innovation Grant to help Virgin Islands small businesses recover from the economic effects of the Covid-19 pandemic. The program aims to help small businesses build a financial foundation to enable them to navigate future challenges, such as a pandemic, hurricane or global economic challenges, the administration said.

The Small Business Innovation Grant will award up to $50,000 to eligible locally registered and licensed businesses with less than 100 employees operating in the territory for assistance with anything to make their business more resilient and innovative.

“We always say that small businesses are the lifeblood of any economy. To survive the hurricane recovery and Covid-19 pandemic, our small businesses here in the territory have had to be innovative and resilient to stay afloat,” Governor Bryan said. “I am certainly proud of the efforts of our administration to support those small businesses and will continue with our commitment to helping them through initiatives like this grant program.”

According to Gov't House, the grant applications are available at the Small Business Development Centers (SBDC) on St. Croix, St. Thomas, and St. John. Small business owners can also download applications online at https://visbdc.org.