Funds grow in small-business grant program
Pulama Lana’i has doubled the funds available for businesses on the island in a matching small-business grant program.
Tuesday is the deadline for submitting applications for the Office of Economic Development’s Small Business Revitalization grants to the rural communities of Lanai, Hana and Molokai. The program is being managed by Lokahi Pacific.
The program had allocated $20,000 for Lanai. Earlier this week, Pulama Lana’i, formerly Lanai Resorts, added another $20,000, making a total of $40,000 available for Lanai small businesses.
The grant program is designed to assist small businesses with fewer than 10 employees. The grants may be used for new equipment, renovation, websites, marketing materials or other purposes that will help the businesses grow, prosper and create jobs, the county news release said.
The grant program is a 40/60 match grant – for every $40 the businesses contribute, the grant will match with $60. The grant awards will range from $500 to $5,000.
Nonprofit entities will not be eligible for this program.
Teena Rasmussen, county Office of Economic Development director, noted the generosity of the company’s offer, saying that this kind of partnering and leveraging of county funds fills an important need for the businesses of Maui County.
“We are very grateful to Pulama Lana’i for this generous assistance that will surely kindle new entrepreneurship on Lanai,” she said.
Applications and rules for this program are available through Lokahi Pacific or www.mauicounty.gov/OED. For more information, email to email@example.com or call 242-5761. All applications must be postmarked by Tuesday.