TEAM EFFORT – Supporting the recovery of livelihood businesses on Grand Bahama is the primary focus of the SBR grant program, a partnership initiative between BRCS and GBPA. To date, 32 micro and small business owners have received a total of nearly $160K in funding as a result of the program. Pictured are SBR team members during inspection of businesses in round one of the program, left to right: Adrian Martinez Ferrandis, IFRC Livelihoods Delegate; Derek Newbold, GBPA Sr. Manager of Business Development and Invest Grand Bahama; Melvin Rolle, Network Access Solutions and Angelique Saunders, BRCS Livelihoods Officer. (PHOTO COURTESY OF GBPA)
By Freeport News
Entrepreneurial training for 32 successful recipients of the Small Business Recovery (SBR) grant program began last week in a virtual classroom.
The partnership initiative between The Bahamas Red Cross Society (BRCS) and The Grand Bahama Port Authority, Limited (GBPA) grants up to $6,000 in funding and business support for Grand Bahama micro-businesses impacted by Hurricane Dorian. The assistance comes at a very critical time for businesses struggling to recover from Dorian and now realizing the effects of COVID-19.
Although funding is the primary focus of the program, BRCS Director-General Sean Brennan explained that mandatory business training was particularly critical to re-building a more resilient small business sector for the island.
“The Bahamas Red Cross Society is honored to partner with the Grand Bahama Port Authority in making the SBR grant program a reality. We were especially pleased with the success of the opening round of applications, and we look forward to the program’s continuation. BRCS is committed to assisting micro and small businesses severely impacted by Hurricane Dorian, and this ongoing partnership will provide them with both immediate financial recovery and essential training,” said Brennan.
Island Dreams Management, facilitators of the training, designed the courses exclusively for the SBR grant program, focusing primarily on business management fundamentals, but from a digital and cloud-based perspective. Topics covered over the four-week Entrepreneurial Bootcamp include Business and Financial Planning, Branding, Marketing, Crisis Management and Networking. Participants also receive a free one-year membership with the Grand Bahama Chamber of Commerce and an introduction to MicroMentor, a global business mentorship platform. Read more >>