Georgian small businesses will get expanded support

As Mayor Kakha Kaladze said during a municipal government meeting, Tbilisi City Hall is expanding its ‘Micro and Small Business Support’ initiative. This pilot project will become a full-fledged program with significantly increased financial backing for local entrepreneurs.
The increase in the maximum co-financing limit, which rises from 20,000 GEL to 50,000 GEL, will be the central change under the updated program. Notably, approximately 50 businesses received support to acquire equipment and grow their operations due to the expansion at the pilot phase.
A tiered co-financing model based on project size is introduced by the program. Projects under 5,000 GEL will get up to 90% funding. Projects between 5,000 and 20,000 GEL – 85%, projects between 20,000 and 30,000 GEL – 80%, and projects between 30,000 and 50,000 GEL – 70%.
City Hall officials will give priority to applicants with operational businesses and clearly defined development plans.

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