Objective:
Focused on encouraging economic growth by bringing new enterprises to the area.
Aimed at job creation, investment in new facilities, and overall economic expansion.
Eligible Activities:
Costs associated with setting up new operations, such as purchasing land, constructing new buildings, or renovating existing structures.
Marketing and promotional expenses to establish the business in the new location.
Initial operational costs, such as equipment purchases, technology infrastructure, and workforce development.
Typical Grant Size:
$30,000 over 3 years due to the higher initial investment required for new business setups.
Impact on Community:
Significant impact by introducing new services, products, and employment opportunities.
Potential to attract additional businesses and stimulate further economic activity.