Wednesday, August 26, 2009

Haitian Diaspora Market for Business Development

The newly created Haitian Diaspora Market is intended to help Haiti by encouraging Haitians working abroad to invest in Haitian businesses. USAID is working with Fondation Sogebank to manage the 2-year pilot program, which will operate until 2011. Its goal is to invest in small businesses in agriculture, tourism, assembly and information technology.

By encouraging partnerships between the Diaspora and Haiti, businesses can reach greater levels of productivity. USAID is promoting joint ventures by offering grants of $50,000 to $100,000 to companies that provide sustainable plans to help Haitian development. The expected results of the pilot program are to develop 20 partnership businesses in the regions around Port-au-Prince and provide a sustainable long-term model for the future.
--Jessica Milstead