Small Business Revitalization Grant Program Announced for Lanai
The Maui Mayor’s Office of Economic Development (OED) has announced a second-round grant assistance program designed for small businesses in the rural community of Lanai. Called “Small Business Revitalization,” the program is designed to assist small businesses on Lanai that have fewer than 10 employees.
“This program is very innovative because it allows each applicant to determine exactly what they need in their business and gives them a great opportunity and low-cost way to make it happen,” said Mayor Alan Arakawa. “We appreciate Pulama Lanai for partnering with us to help our small businesses.”
“This second round of funding has been made possible through a generous $20,000 donation by Pulama Lanai,” said OED Director Teena Rasmussen. “Through the success of the first round that was offered last year, Pulama Lanai was enthusiastic about participating again.”
The grant may be used for new equipment, renovation, websites, marketing materials or other purposes that will help the businesses grow, prosper and create jobs. Businesses on Lanai now have a new set of opportunities with the island being under new ownership, but they may not have the needed cash to ramp up their businesses.
The grant program is a 40/60 match grant. For those applicants accepted, for every $40 they contribute, the grant will match with $60. The grant awards will range from $500 to $5,000. Non-profit entities will not be eligible for this program. OED has chosen Lokahi Pacific to manage the grant program.
“I support the County’s ‘Small Business Revitalization’ program,” said Councilman Riki Hokama. “Small business is the heart of our economy and a job creator.”
Applications and rules for this program are now available at www.mauicounty.gov, by clicking on “Mayor” then go to the “Office of Economic Development” and click on “Grants and Awards.” You may email completed applications to firstname.lastname@example.org or call 242-5761. The deadline for applying for this grant is Sept. 2, 2014. All applications must be postmarked by that date to be considered.