{"id":333049,"date":"2024-11-19T17:04:55","date_gmt":"2024-11-19T21:04:55","guid":{"rendered":"https:\/\/dominicanewsonline.com\/news\/?p=333049"},"modified":"2024-11-19T17:04:55","modified_gmt":"2024-11-19T21:04:55","slug":"senator-george-to-young-entreprenuers-make-wise-use-of-allocated-resources","status":"publish","type":"post","link":"https:\/\/dominicanewsonline.com\/news\/homepage\/homepage-carousel\/senator-george-to-young-entreprenuers-make-wise-use-of-allocated-resources\/","title":{"rendered":"Senator George to young entreprenuers: make wise use of allocated resources"},"content":{"rendered":"<figure id=\"attachment_333050\" aria-describedby=\"caption-attachment-333050\" style=\"width: 642px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-333050 size-full\" src=\"https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2024\/11\/Senator-Oscar-George-file-photo.jpg\" alt=\"\" width=\"642\" height=\"428\" \/><figcaption id=\"caption-attachment-333050\" class=\"wp-caption-text\">Senator Oscar George<\/figcaption><\/figure>\n<p style=\"font-weight: 400;\">Minister of State in the Ministry of Culture, Youth, Sports and Community Development, Senator Oscar George, has encouraged young entrepreneurs who have received benefits under the government\u2019s program to spend their resources wisely.<\/p>\n<p style=\"font-weight: 400;\">He made the statement while addressing the launching ceremony of Global Entrepreneurship Week (GEW) on Monday.<\/p>\n<p style=\"font-weight: 400;\">According to George, from 2009 the government has spent in excess of 17 million dollars through direct cash grants in enhancing micro, small, and medium-sized enterprises in Dominica. In one financial year, in 2016, 2.8 million dollars was spent in providing support to small businesses in Dominica<\/p>\n<p style=\"font-weight: 400;\">Furthermore, he revealed that the government has made available 28 million dollars through the Small Business Enterprise Development Fund at the AID Bank and this has provided affordable financing at highly concessional rates to the sector. As of June 2024, a total of 432 loans were approved out of which 21.1 million dollars has been disbursed.<\/p>\n<p style=\"font-weight: 400;\">\u201cI encourage our young entrepreneurs to spend the resources wisely when you benefit from a government program,\u201d George advised. \u201cMany times we have seen businesses benefit from programs from the government and they don\u2019t spend the money [to] purchase things they said they would have&#8230;\u201d<\/p>\n<p style=\"font-weight: 400;\">George explained that\u00a0when one has a business the only way he or she is going to gain a return on any investment is if the money is spent for its intended purpose.<\/p>\n<p style=\"font-weight: 400;\">\u201cThat is something I think all young entrepreneurs should guard against, not spending too much money on consumables, but spending money on actual things that can enhance operations in your business,\u201d he remarked.<\/p>\n<p style=\"font-weight: 400;\">George also mentioned that the government has invested significantly in digital transformation and infrastructure improvement to create a business environment that is efficient and globally connected.<\/p>\n<p style=\"font-weight: 400;\">\u201cThrough these efforts, we aim to equip our entrepreneurs with the tools they need to succeed in today\u2019s fast-evolving digital economy,\u201d he indicated.<\/p>\n<p style=\"font-weight: 400;\">George believes by empowering young people with skills, technology, and resources, \u201cwe are building a resilient economy that will continue to thrive for generations to come.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Minister of State in the Ministry of Culture, Youth, Sports and Community Development, Senator Oscar George, has encouraged young entrepreneurs who have received benefits under the government\u2019s program to spend their resources wisely. He made the statement while addressing the&#8230;","protected":false},"author":13,"featured_media":333050,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[18,235,9],"tags":[],"class_list":["post-333049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-homepage-carousel","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Senator George to young entreprenuers: make wise use of allocated resources - Dominica News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dominicanewsonline.com\/news\/homepage\/homepage-carousel\/senator-george-to-young-entreprenuers-make-wise-use-of-allocated-resources\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senator George to young entreprenuers: make wise use of allocated resources - Dominica News Online\" \/>\n<meta property=\"og:description\" content=\"Minister of State in the Ministry of Culture, Youth, Sports and Community Development, Senator Oscar George, has encouraged young entrepreneurs who have received benefits under the government\u2019s program to spend their resources wisely. 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