One of the challenges with grant-based, having talked economic development with a number of nations, is that the application process to find the grant, to secure the grant, to get it to the grassroots to where an audit may occur, which obviously it doesn't, and then to start over again just doesn't work. They're saying that the grant structure doesn't work. It just doesn't get to where it needs to get. After many hours, days, weeks and months, it doesn't work.
On May 27th, 2024. See this statement in context.