The Honorable Lourdes A. Leon Guerrero, Governor of Guam, and the Honorable Joshua F. Tenorio, Lieutenant Governor of Guam, have established the Local Employers’ Assistance Program (LEAP) pursuant to Executive Order 2021-25. The program will provide direct financial assistance to small businesses that have experienced extreme levels of pandemic related business interruption. LEAP funds will be prioritized to the following businesses:
- Small businesses that can demonstrate a business interruption rate of fifty percent (50%) or greater; and
- Small businesses that have been verified as a “covered establishment” pursuant to Department of Public Health & Social Services requirements that can demonstrate a business interruption rate of twenty percent (20%) or greater.
The total budget for LEAP is $50 million, allocated from the following:
- $25,000,000 from ARPA funds allocated by Governor Leon Guerrero via Executive Order 2021-25; and
- $25,000,000 in local appropriations pursuant to Bill 214-36.
The purpose of this document is to provide program information and guidance. If you have any questions regarding LEAP, please contact GEDA at 671-647-4332 or [email protected].