The tourism industry has been on a steady upward trend on the path of recovery after being devastated by the COVID Pandemic. Part of that recovery has been financed with the help of government support programs, and that's why the Ministry of Tourism and Diaspora Relations announced the roll-out of its Matching Grant Program for the Tourism Industry's Small and Medium-sized Enterprises.
The Government officials say that the Briceno Administration's first Matching Grants Program saw a massive influx of applicants who could not benefit from the program, simply because there were not enough resources. So, with the support of the Inter-American Development Bank, the government has earmarked $2.4 Million Belize Dollars for this new MGP.
The project was officially unveiled today at the Biltmore Plaza Hotel, and 7News attended. Here's what a few of the keynote speakers had to say about how it will work:
So, how do you apply? That's what we asked the BTB's Josue Carballo, and here's what he had to say about the process of expressing interest to be considered:
The business enterprises which the Tourism Ministry hopes to help with this funding include Accommodation, Food & Beverage, Adventure Tourism, Transportation, Travel Trade, Events & Conferences, Attractions, Tourism Services, Tourism Education & Training, and Other Tourism Related Services.
