Skip to comments.Business Start-Up Grants to Accompany Obama Economic Improvement Project
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 countrys 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 Obamas 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 programnot including the cost of the previously mentioned business start-up and incubator projectsis $13.5 million.
Source document: Solicitation #SOL-492-12-000013
USAID to Spend Tens of Millions Promoting Filipino Tourism, Agribusiness
Federal Government to Audit Tens of Thousands of Schools for Tech Deployment
U.S. to Assess Education Program Progress -- in USAID-backed Filipino Muslim Schools
The handout President needs stop
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.