Its predicted that a thousand jobs will be created by the Businesses and Employment Program of U.S. Agency for International Development in 2013 from the support provided to small and medium businesses in Nicaragua.
Danilo Cruz de Paula, said that since 2009 4,700 have been created in small and medium enterprises (SMEs) with financial support equivalent to $20 million, contributing to increased sales and exports equivalent to $24.4 million.
The program's goal is to contribute to the productive development of communities in the north of the capital.
A total of nine communities in Colonia Escalon will benefit from the program called "Sustainable Communities: Entrepreneurship and Employment Generation."
To implement the program, USAID has provided $ 500 thousand, Grupo Agrisal $ 125 thousand, the same amount by Fundación Meza Ayuda, FUNDEMAS $ 100 thousand and the Fondo de Iniciativas de Educación $ 250.000.
USAID’s initiative aims to improve the country’s competitiveness and foster job creation.
The United States Agency for International Development (USAID) will invest $11.4 million in the program, which will be executed over the next four years.
It aims to connect local producers with international buyers, and will provide training and technical assistance to small and medium companies to improve their productive capacity.