State programme Produce in Georgia to support six new economic activities

To tackle the economic challenges caused by COVID-19, some changes have been made to the state programme Produce in Georgia, which will now support six new economic activities in the country.

Enterprise Georgia continues to support the private sector. The changes made to the programme increase the agency’s support and its co-financing capacity, which assists the process of tackling the ongoing economic issues in Georgia”, states Mikheil Khidureli, CEO of Enterprise Georgia which implements the Produce in Georgia programme.

The six new economic activities are:

1. Creation of computer games
2. Hospital activities
3. General medical practice activities
4. Specialised medical practice activities
5. Dental practice activities
6. Purchase and leasing of film production equipment

As part of the new changes made to the programme, business owners are no longer required to own land to receive loan co-financing but instead will be able to build a hotel on lands which they possess temporarily. The same conditions apply to the balneological resort industry.

Business owners who do not own real estate but have the capacity to pay rent, lease, or obtain real estate utilisation license, will now be able to partake in the Enterprise Georgia programme.

The amendments will apply to the tourism sector as well. While earlier the Enterprise Georgia used to assist the tourism industry in 14 locations across the country, now following the new changes, the above mentioned restriction will be annulled, allowing the agency to cooperate with the sector in all parts of Georgia.

Due to the increased number of requests which have been submitted through the Enterprise Georgia hotline, removing location restrictions has become necessary not only for the hospitality industry but for the tourism services connected to it as well", reads the press-release published by the agency.

From today on, with the support of Enterprise Georgia, business owners all over Georgia will have the opportunity to develop projects such as theme parks, ethnographic parks, wake parks and adventure tourism attractions.

Since 2014, Enterprise Georgia has supported about 12,000 beneficiaries in starting and expanding businesses.