Tbilisi City Hall is expanding its ‘Micro and Small Business Support’ initiative, transforming the pilot project into a full-fledged program with significantly increased financial backing for local entrepreneurs, Mayor Kakha Kaladze said during a municipal government meeting.
A central change under the updated program is the increase in the maximum co-financing limit, which rises from 20,000 GEL to 50,000 GEL. The expansion follows positive results from the pilot phase, during which approximately 50 businesses received support to acquire equipment and grow their operations.
The program introduces a tiered co-financing model based on project size:
- Up to 90% funding for projects under 5,000 GEL
- 85% for projects between 5,000 and 20,000 GEL
- 80% for projects between 20,000 and 30,000 GEL
- 70% for projects between 30,000 and 50,000 GEL
Priority will be given to applicants with operational businesses and clearly defined development plans, say City Hall officials.
