Thirty-three Jamaican companies are to benefit from one million US dollars in grant funding, to boost their export potential.
The allocation is part of US$4 million in support provided to the region’s private sector by the Caribbean Export Development Agency, under its Direct Assistance Grant Scheme, funded by the European Union.
The funds disbursed will be used to make the local companies more competitive in the areas manufacturing and agro processing.
The grant facility is specifically designed to provide financial assistance to micro, small and medium enterprises and business support organisations with the potential to export their products and services.
The Caribbean Export Development Agency is a regional export development and trade and investment promotion organisation of CARIFORUM.
The Direct Assistance Grant Scheme comes under the Regional Private Sector Programme, which is funded by the European Union under the 10th European Development Fund.
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Jamaican firms receive grants to boost export potential
10:35 am, Sat August 9, 2014
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