International business grants awarded
Panhandle economic development agencies were recently awarded a portion of $1.5 million in grants to aid their efforts to expand foreign direct investment and international trade development in Florida.
Enterprise Florida awarded Florida International Business Expansion Initiative (FIBEI) matching grants to five Panhandle groups that propose to advance international business in key markets for their region and in line with goals detailed in the Roadmap to Florida’s Future, the state’s five-year strategic plan for economic development.
In selecting organizations, Enterprise Florida strongly considered proposed initiatives that could continue beyond the grant funding period. The recipients will receive their awards on a “refund” basis, after satisfying performance measures designated by Enterprise Florida.
Regional Grants: $120,000 maximum grants requiring $1 dollar match by the region for each dollar of the program’s budget.
- Florida’s Great Northwest, Inc. - headquartered in Destin
Midsize/ Small Community: $75,000 maximum grants requiring a community match of $1 per $2 of the program’s budget.
- Bay County Economic Development Alliance
- Economic Development Council of Okaloosa County
- Pensacola Bay Area Chamber of Commerce
- Team Santa Rosa