The Bank of Hawaii is offering five grants in the amount of $5,000 each to deserving small business owners. If you are interested, visit the bank to pick up an application.
“At Bank of Hawaii, we are committed to seeing our communities grow and thrive by encouraging economic development. We understand that economic development isn’t as always easy, so we are investing in grants to help stimulate small business development in Saipan,” the bank said in a statement.
This grant program is being offered to small business owners to promote new businesses and to encourage existing small business to expand.
If you have a small business on Saipan, complete the grant application or contact the bank at (670) 237-2983 for more information. Grants up to $5,000 are awarded on the basis of impact to the business and economic benefit to the community. Submitting an application is not a guarantee of funding.
The deadline for grant applications is Friday, Aug. 10, 2018.
To be eligible, applicants should have a demonstrated track record in operating a business or management experience. Past grant awardees are not eligible for this year’s program as we are seeking new requests from businesses we have not yet assisted.
If not already completed, grant awardees are required to complete one of the following on or before Friday, Aug.10, 2018: CNMI Small Business Development Center small business training program; or Bank of Hawaii Smart Money small business financial education training.
A copy of the applicant’s business license and recent tax clearance (less than six months old) issued by the local government must accompany the grant application. (PR)