Under TAP, qualified small businesses that support the tourism industry can receive grants of up to $25,000 subject to the availability of funds. The program is on a first-come, first-served basis and is based on a tiered system of grant awards.
“The Tourism Assistance Program has been well-received by our small business community and we are thankful we can assist eligible companies through this outlet,” said Acting GVB President & CEO Gerry Perez. “Unfortunately, we are quickly reaching our limits with our financial assistance and must place a deadline for submission so our team can review the applications.”
Over 500 applications have been received since the program launched on June 14.
Guam‘s tourism industry is considered the top economic contributor to its economy, providing over 21,000 jobs in the local community, which is a third of Guam’s workforce. It also generates US$260 million in government revenue. Additionally, programs and activities also support the duration and awareness of the local community in reference to the importance of tourism.
Guam Visitors Bureau’s vision is for Guam to become a world-class, first tier resort destination of choice, offering a US island paradise with stunning ocean vistas for literally millions of business and leisure visitors from across the region with accommodations and activities ranging from value to 5-star luxury – all in a safe, clean, family-friendly environment set amidst a unique 4,000-year-old culture.
GVB serves as a critical bridge linking government, the tourism industry, visitors and the local community, and aims to contribute successfully to a good quality of life for residents through tourism. The Bureau takes pride in “making Guam a better place to live, work and visit.