Gyeongbuk Province to Support 270 Small Business Stores with 14 Million Won Each... Recruiting Applicants

Gyeongbuk Province will support management environment improvement costs for 270 small business stores to help maintain stable business activities and strengthen business competitiveness.

Gyeongbuk Province and the Gyeongbuk Economic Promotion Agency announced the '2023 Gyeongbuk Small Business New Wind Change-up Project' and are recruiting applicants who wish to receive support.

Gyeongbuk Provincial Government Office.

The application target is small business owners who have been operating for more than six months in the province as of the announcement date, and the application period is 26 days from the 24th to May 19. Afterward, through document screening and a selection committee review, the final beneficiaries will be decided in June.

The purpose of this 'Gyeongbuk Small Business New Wind Change-up Project' is to resolve management difficulties faced by small business owners and strengthen business competitiveness to support stable business operations.

The main support contents include promotional support (production of flyers, leaflets, catalogs, etc.), management environment improvement (outdoor signs, wallpaper, flooring, electric lighting, display stands, etc.), safety and hygiene facilities (disinfectors, CCTV, sterilizers), smartization (POS, kiosk facilities), and professional consulting (providing consulting on overall store operations).

The maximum support amount per store is 20 million KRW, of which 14 million KRW (70%) is jointly supported by Gyeongbuk Province and city/county governments, and 6 million KRW (30%) is borne by the applicant.

To apply, applicants should check the project announcement posted on the Gyeongsangbuk-do Economic Promotion Agency website, fill out the application form, and submit it via email or by visiting the Gyeongbuk Economic Promotion Agency in person.

The Small Business New Wind Change-up Project was first implemented in 2021 and has benefited 511 stores to date, providing significant support for the management stability of local small businesses during the economic downturn.

Lee Young-seok, Director of the Economic and Industrial Bureau of Gyeongbuk Province, said, “We will do our best to provide customized support for overall store operations to small business owners struggling with the economic downturn so that they can have a foothold for recovery,” and urged active interest and participation in this project.

This content was produced with the assistance of AI translation services.