LEAD to Launch 2nd Round of Business Plan Competition in Haiti
On February 20th, the Leveraging Effective Application of Direct Investment (LEAD) program, implemented by the Pan American Development Foundation (PADF) and funded by the U.S. Agency for International Development, USAID, will launch the second round of its Business Plan Competition. The competition provides matching grants for business plans that are found to best support the development of small and medium enterprises and increase employment in Haiti. These grants increase access to capital for small and medium enterprises and entrepreneurs, including diaspora investors and business people.
Through the Business Plan Competition, LEAD awards matching grants ranging from $50,000 to $200,000. Candidates can include either existing small and medium enterprises interested in expanding or start-ups with qualified personnel. Each grantee is required to provide matching investment at least equal to the amount of the grant and candidate businesses must operate in the Cap-Haitien, Saint-Marc or Port-au-Prince areas. Last year’s winners included SOGEPA (a cocoa producer), ECSSA (a recycling firm), Atelier Jourdain (a garment manufacturer) and Castmi (a water production facility).
Applications are reviewed as they are received on a continuous basis until the grant funds are exhausted. The application form can be accessed at www.leadinvestmentshaiti.info. Questions can be submitted by email to firstname.lastname@example.org.