The Guam Economic Enhancement Authority awaits $1.7 million from the authorities of Guam to distribute rental assistance payments to 350 suitable corporations, in accordance to Melanie Mendiola, the agency’s CEO.
The company, which has distributed money to 403 qualified companies, received $3 million from the coronavirus reduction monthly bill. That revenue is prolonged gone.
“The business of the governor has been created conscious that extra money would probable be asked for,” Mendiola explained.
The company made another request before Christmas.
The deadline to post a rental help software was Dec. 11 and 1,039 providers used. Somewhere around 80 firms nonetheless have to post pending paperwork, Mendiola mentioned.
The funding have to be allocated by the government of Guam by Dec. 31.
“The governor set this money aside because she believed that compact firms were struggling and wanted the further aid, but this is not some thing she is sure to by the nationwide governing administration,” Mendiola reported. “This is a discretionary plan operated via the workplace of the governor with Guam Economic Improvement Authority acting as the administrator.”
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Compact corporations
An additional critical facet of the organization’s strategies was the tiny organization pandemic support method, which targeted on aiding companies ravaged by the pandemic.
The program awarded $16.7 million to 2,343 companies, but Mendiola mentioned 100 companies continue to need to provide documentation with business licenses or gross receipt taxes.
Applicants hunting for gains have right up until the finish of the 12 months to post the documentation.
“We had a several that seemed like they have been phishing and not regional businesses,” Mendiola said. “We have a handful that begun the process but under no circumstances completed it.”
Achieve reporter Anne Wen at [email protected].
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