Tag: Cayman Islands Business Development Centre
Tourism ‘ideas’ grants given out to 14 applicants
(CNS): A scheme to hand out as much as $50,000 to people who came up with new innovative tourism attractions or businesses has seen 14 of the more than 100 applicants receive a government grant to turn their ideas into a reality. The tourism ministry issued an invitation to the public last September, and a […]
Small business offered free gov’t office space
(CNS): The government is offering small businesses the chance of free office space and support for up to two years to encourage relatively new start-ups and entrepreneurs who have potential for growth. These business owners are being invited to apply to the Ministry of Commerce for a space on this residential business incubator programme and […]
More business owners seek CIDB cheap loans
(CNS): The low interest loan programme offered by the Department of Commerce and Investment through the Cayman Islands Development Bank has seen a slight increase in applications recently, according to Premier Alden McLaughlin, who said that 65 applications with a value of CI$2.2 million have been made from the $5 million available. The cheap loan […]
Bank’s law is barrier to small business loans
(CNS): The law governing the Cayman Islands Development Bank appears to be a barrier to small businesses accessing low-cost government-guaranteed loans to help them weather the COVID-19 economic challenges. Some CI$5 million has been set aside to fund a low-interest loan programme through the government-owned bank but uptake has been very low. So far, only […]
Over 200 small businesses applied for grants
(CNS): Giving an update on efforts by the Cayman Islands Business Development Centre to help local businesses get through current challenges, Commerce Minister Joey said last week that, as of Wednesday afternoon, 13 May, they had received 219 applications under the grants programme, which is designed for small and micro businesses to help them convert […]
