Small Business Grants for Lanai and Molokai Announced
The Mayor’s Office of Economic Development announced that applications are now being accepted for a fifth round of grants for businesses on Lanai and Molokai. The grant awards will range from $500 to $5000.
The small business revitalization grants are designed to assist businesses with fewer than 10 employees who do business in Maui County’s rural communities such as Lanai and Molokai, which have been identified as the areas hardest hit in their ability to recover from the economic downturn of the past few years. Non-profit entities are not eligible for this program.
“Maui County’s Small Business Revitalization Grant will give Molokai small businesses an opportunity to leverage funds to grow their existing business,” said Councilwoman Stacy Crivello. “This will allow them to strive to produce more efficiently and assist in supporting existing jobs in our rural landscape.”
The grant funds may be used for new equipment, renovation, websites, marketing materials or other purposes that will help the businesses grow, prosper and create jobs. The grant program is a 40/60 match grant, which means that for applicants accepted, for every $40 they contribute they will receive a match of $60.
Applications and rules for this program are available online or at Lokahi Pacific, which is managing the grant program.
For more information, call 242-5761 or email [email protected]. The deadline for applying for this round of funding is October 22, 2018.