Small Business Owners Receive Financial Aid for Startups

A series of checks in various denominations were distributed this afternoon to small business owners who will use the financial assistance as venture capital and for the expansion of their businesses.  They gathered at the Radisson where Chief Executive Officer in the Ministry of Trade and Economic Development Mike Singh was on hand, along with a representative of the Taiwanese Embassy, to present the disbursals.  The assistance is part of a collaborative effort between Beltraide, the Center for the Promotion of Micro and Small Enterprises and the Embassy of Taiwan.  News Five’s Isani Cayetano has the following story.

 

Isani Cayetano, Reporting

The emergence of small businesses across the country, from mom-and-pop stores in rural communities to medium enterprises with a complement of employees carrying out the day-to-day operations of the concern, aids in bolstering the Belizean economy.  To get any venture off the ground successfully however, a formal business plan has to be outlined and seed capital needs to be infused into the initiative.  It’s all part of a blueprint for entrepreneurship.

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