Capacity-building support that will bolster the prospects of success for micro, small, and medium-sized enterprises is now available through the Growth and Expansion of MSMEs through Innovation and Capacity-Building (GEMINI) Grant pilot programme.
The initiative is being implemented by the Development Bank of Jamaica in collaboration with the Jamaica Business Development Corporation.
The Bank has allocated $100 million for the first year of implementation, which will cover 80 per cent of the costs for MSMEs, up to a maximum of $800,000 per applicant.
It will enable beneficiary entities to improve their operational efficiency, enhance their market competitiveness, and access financing.
The pilot phase of the programme was launched on Wednesday.