Small businesses are the lifeblood of Lanai, providing one-of-a-kind goods and services that give the island its unique character and charm. Yet, there’s no denying that entrepreneurship can be difficult, especially in a small market with limited access to resources. That’s why the Maui County Mayor’s Office of Economic Development (OED) is supporting small businesses on Lanai with a round of grants to help them grow and create jobs.
The Small Business Revitalization Grant is a 40/60 match program. This means that for every $40 a business contributes, it will receive $60 that can be used to cover expenses, such as new equipment, renovations, websites or marketing materials. Only businesses with fewer than 10 employees were able to receive funding. This year’s OED grant funds were supplemented by a donation from Pulama Lanai.
Six small businesses on Lanai were awarded more than $24,000 in grants in an announcement by Maui County OED on Feb. 12. This year’s recipients were Spinning Dolphin Charters of Lanai, Mo Betta Yard Service, Island Appliance Sales & Service, LD Cleaning & Maintenance, Kumu ‘Ola Farm, and Happy Honu Maui & Lanai. Each business received a grant ranging from $2,200 to $5,000, which must be reinvested back into the business.
Congratulations to this diverse group of grant recipients and entrepreneurs!