AMMAN — The Business Growth Activity
(BGA), a USAID-funded project, said Tuesday it had signed financial advisory
agreements with three
Jordanian companies from the logistics, technology, and
healthcare sectors, the Jordan News Agency, Petra, said.
اضافة اعلان
The three firms will receive direct assistance
through a series of evidence-based interventions to support expansion
strategies.
This aligns with
USAID BGA’s goals of helping SMEs
and start-ups mobilize capital and increase investment into Jordanian
enterprises.
“These agreements focus on bringing in investors to
help the targeted companies raise capital. The capital would expand operations
and increase employment, sales, and exports thus help in creating a sustainable
business growth environment in Jordan,” said Daniel Swift, director of Economic
Development and Energy Office, USAID Jordan.
USAID BGA has access to a global network of
thousands of investment funds, which can be searched for suitable partners for
Jordanian companies. USAID BGA will engage with startups and SMEs to articulate
their growth stories and prepare documents needed for investor outreach and
engagement. Investors will include local, regional and international equity and
debt providers.
The CEO of the local firms which sealed an agreement
with BGA, said the Americans will provide technical assistance to help his
company prepare an investment memorandum with projected financials, identify
potential investors, prepare for the due diligence process.
“We believe this approach will favorably impact our
business growth and increase our visibility,” said the CEO, who was not
identified, according to Petra.
The USAID BGA aims to support Jordan’s SMEs and
start-ups improve their productivity and competitiveness, create jobs, foster
innovation, promote economic growth and move Jordan towards a more prosperous,
resilient, and inclusive future
Envisaged support for SMEs includes access to
finance, and improve the country’s business environment through advocacy and
public-private dialogue that complements USAID’s policy reform initiatives.
USAID BGA will systematically incorporate gender, youth, and
persons with disabilities in the project’s main goals, and core components.
USAID BGA is a five-year project (2021–2026) and implemented by the prime
contractor Financial Markets International and CrossBoundary as one of its
subcontractors.
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