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Small Business Association Awards $150k Grant to Guam to Boost Exports – KUAM.com
The Small Business Association (SBA) has awarded $150,000 to Guam in an effort to boost exports and support small businesses on the island. This funding comes at a crucial time as Guam looks to expand its reach in international markets and increase economic opportunities for local entrepreneurs.
The grant, which was announced by the SBA, will be used to provide training and resources to small businesses in Guam to help them navigate the complexities of exporting goods and services. This initiative aims to help local businesses tap into new markets and grow their businesses beyond the shores of Guam.
According to SBA Guam District Director, Jayne Flores, this funding will help small businesses on the island access the tools and support they need to succeed in the global marketplace. She emphasized the importance of exporting for the economic growth of Guam and highlighted the potential for local businesses to thrive in international markets.
The SBA’s investment in Guam’s small businesses is a testament to the potential and talent of local entrepreneurs. With this funding, small businesses in Guam have the opportunity to expand their reach, create jobs, and contribute to the economic development of the island.
Overall, the SBA’s grant of $150,000 is a significant boost for Guam’s small business community and a step towards building a more vibrant and competitive economy on the island. This investment will not only benefit local businesses but also help Guam establish itself as a key player in the global market.
