The Ministry of Economy and Sustainable Development’s agency ‘Enterprise Georgia’ has announced changes to its programs that will expand financial and grant opportunities for local entrepreneurs.
The universal industrial component will undergo important updates, including an increase in the co-financing of loan and leasing interest rates by two percentage points. These changes will be applied from September 1.
Besides co-financing, new grant components will be introduced in several strategic areas: highland, agrotourism, green initiatives, digitalization and research and development (R&D). Women entrepreneurs will receive increased grant amounts across all of these components, offering targeted support to help gender-inclusive growth.
The reforms also apply to the state program for micro-entrepreneurship. The updated framework now covers new types of economic activity, such as food production, various categories of specialized construction work and the cultivation of additional annual crops.
