$750K available to help NMI small biz

Sep 12, 2021

This week the U.S. Small Business Administration released thefirst-ever grant application to establish the future Lead Small Business Development Center (SBDC) in the Marianas. I was able to make this opportunity available in the National Defense Authorization Act signed into law in January. Previously, the Marianas SBDC was not eligible for Lead Center funding, as it was a sub-office of the Pacific Islands SBDC Lead Center on Guam.

With up to $750,000 available to establish the Marianas Lead SBDC, small businesses on Saipan, Tinian, and Rota could have access to free or low-cost services such as incubator workspaces for entrepreneurs, assistance with loan applications, business planning, operations, personnel administration, marketing, export assistance, sales, and other requirements for growth and success. Applications are due Saturday, October 8, 1:59 a.m. ChST.