Chief Secretary Ancil Dennis has introduced a $50 million stimulus to assist struggling Tobagonians and company owners as very well as to enhance the island’s tourism sector.
Dennis created the revelation at Wednesday’s submit-Govt Council briefing in Scarborough – a few weeks absent from the December 6 THA election.
The PNM applicant for Buccoo/Mt Nice explained $20 million will go in the direction of employees displaced by the pandemic $15 million will be for the accommodation sector $5 million for modest and medium-sized enterprises (SMEs) and $10 million to the Tobago Tourism Agency Ltd to aid in the digitisation of organizations in that sector.
Dennis denied it was an election gimmick, noting that the money was allotted in the October price range presented by Finance Minister Colm Imbert.
“This Main Secretary will not wait around right up until immediately after any election to commence managing with the needs of Tobagonians at this position in time,” he mentioned.
Dennis said companies will be asked to give a listing of workers affected by the pandemic, who will receive a a single-time $5,000 grant.
He included home owners will be given a “adaptable” grant, with big homes capable to obtain up to $300,000.
On the $5 million for SMEs, Dennis claimed the “use of funding will be up to those unique firms – it will be flexible.”