Workforce and Higher Access to Markets Activity

The Workforce and Higher Access to Markets Activity will improve the capacity and capabilities of high-growth, exporting, and export-ready SMEs. The activity ensures private sector buy-in by offering assistance through a grants program that requires some cost-share. In other words, enterprises receiving assistance are required to invest in their own growth and success.

Activities

VEGA Member IESC was awarded a three-year, $4 million, USAID-funded cooperative agreement to stimulate job creation by advancing Bosnia and Herzegovina’s trade integration with and expansion into European Union and regional markets. Bosnia is home to a growing number of small and medium enterprises that are adopting international standards to supply sophisticated EU customers. Despite seven years of private sector-driven growth, the Bosnian economy is still not generating enough jobs for the great number of unemployed—especially young people. For these enterprises to succeed, they need to be able to add value, increase their competitiveness, and develop a highly qualified workforce. The Workforce and Higher Access to Markets Activity will improve the capacity and capabilities of high-growth, exporting, and export-ready SMEs. The activity ensures private sector buy-in by offering assistance through a grants program that requires some cost-share. In other words, enterprises receiving assistance are required to invest in their own growth and success. The grants will fund a combination of technical assistance, training, and equipment to address the interconnected issues of workforce development, market access, product quality, and technology. Businesses that receive grant funding will have a choice of local service providers, volunteer expertise, and will be able to build a custom, integrated service package that best suits their needs. IESC’s flexible grant mechanism is built to respond quickly and decisively to businesses’ needs, allowing them to capitalize on market opportunities.

Locations

  • Bosnia and Herzegovina

Sectors

  • Economic Recovery and Development
  • Trade

Other projects