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Business Start-Up Grants to Accompany Obama Economic Improvement Project
U,S. Trade & Aid Monitor ^ | Sept. 28, 2012 | Steve Peacock

Posted on 09/28/2012 7:01:55 PM PDT by Steve Peacock

The Obama Administration is unfolding its latest plan to address lackluster economic growth, an action it seeks to accomplish partly by reforming national trade policies and regulations.

National, that is, specific to the nation of the Philippines, where the U.S. Agency for International Development has launched yet another program to help improve the ability of that country’s business sector to compete internationally.

The Trade‐Related Assistance for Development (TRADE) project, as the endeavor is known, is the latest effort of the U.S.-Philippine “Partnership for Growth,” or PFG , according to a solicitation that U.S. Trade & Aid Monitor located during routine database research. USAID said in the document that separately it expects to award several multi‐year grants to private Philippine groups and business organizations “to promote business start‐ups and incubators.” It did not disclose the estimated cost of those grants.

It described PFG as

a signature inter‐agency effort of President Barack Obama’s Presidential Policy Directive on Global Development... PFG will provide USG assistance and non‐assistance resources over the next five years to assist the Philippines overcome binding constraints to investment expansion and capital formation for increased employment and higher incomes.

The TRADE Project will hire contractors to “provide technical assistance, training, and other services to economic agencies of the Government of the Philippines (GPH) and the private sector,”

The estimated contract value for the five-year TRADE program—not including the cost of the previously mentioned business start-up and incubator projects—is $13.5 million.

Source document: Solicitation #SOL-492-12-000013


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TOPICS: Business/Economy; Government; Politics
KEYWORDS: foreignaid; obama; usaid

1 posted on 09/28/2012 7:02:03 PM PDT by Steve Peacock
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To: Steve Peacock

The handout President needs stop

2 posted on 09/28/2012 7:05:01 PM PDT by GeronL (
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