State programme Produce in Georgia to support six new economic activities
Since 2014, Enterprise Georgia has supported about 12,000 beneficiaries in starting and expanding businesses. Photo: Nino Alavidze/Agenda.ge.
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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:
- Creation of computer games
- Hospital activities
- General medical practice activities
- Specialised medical practice activities
- Dental practice activities
- 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.
The Georgian government is launching a new programme 'State - Your Partner', which will allow individuals to receive state services and information in 81 community centers and 24 justice houses in more than 100 settlements throughout Georgia about programmes to help start or assist new business.
Beneficiaries will be able to use state programmes that support businesses in the regional centers of Georgia without coming to the capital city of Tbilisi, announces Prime Minister of Georgia Giorgi Gakharia.
New grant programme to encourage trade across dividing lines
A new grant programme ‘Produce for a Better Future’ will be launched in Georgia from January 1, 2019 within the peace initiative ‘A Step to a Better Future’ in order to encourage trade across the dividing lines.
The state-funded program ‘Produce in Georgia’ will continue its activities with a new structure in order to implement projects in a more flexible and effective way. The structural changes will include the unification of four different agencies under one umbrella which were formerly responsible for separately implementing different aspects of the program.
International investment location scouts from leading European and US companies KPMG, Conway, and GDP Global are visiting Georgia for the first time to discover the country's investment potential and state programmes oriented towards industrial development.
Changes have been made to the state programme of Produce in Georgia that will benefit event companies and farmers in Georgia, announced Georgian Economy Minister Natia Turnava.
Georgia’s export support agency, Enterprise Georgia, has announced the start of the forth stream of applications for the 'Co-financing Mechanism for Supporting Family-owned, Small and Medium-size Hotel Industries' to help industry players tackle the economic challenges caused by Covid-19.