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ABIA Offers Applicants Export Grant Help

Caribbean Export Development Agency Antigua St. John's - The Antigua & Barbuda Investment Authority (ABIA) is helping business owners prepare for the impending Caribbean Export Development Agency grant deadline by hosting an applicant seminar on February 18.

The Grant Call Application Submission Seminar will be held at the ABIA’s office between 9 am and 2 pm on Tuesday February 18 and is geared toward resident businesses, business owners, and business support organisations (BSOs) applying for Caribbean Export’s Direct Assistance Grant Scheme (DAGS).



With the March 7 DAGS deadline approaching, the ABIA is holding another workshop to prepare applicants for submission to the grant scheme.



The Authority is dedicated to increasing Antigua & Barbuda’s export capacity, and supports initiatives that aid the nation’s business owners build competencies that would open the door to exporting their goods and services worldwide, such as DAGS.



 

ABIA Director of Enterprise Development Jacqueline Yearwood stressed that the seminar is not informational or for general grant proposal writing purposes.



“This is targeted to firms and businesses that are in the process of completing applications. It seeks to provide practical tips and ensure that they have the necessary documentation required for submission, and that there is adherence to the procedures for submission,” Yearwood said.



The seminar will also include discussions on the availability of bridging funds that became available earlier this month with the signing of a Memorandum of Understanding (MOU) between Caribbean Export and the Antigua and Barbuda Development Bank (ABDB) that would ease this financial burden for local businesspersons by providing bridging funds.



DAGS is a reimbursement scheme, which means 70 per cent of the cost of the project would only be reimbursed after the project’s successful completion, which has been a hindrance for local entrepreneurs.



“Although DAGS has so many wonderful benefits, often local entrepreneurs just did not have the funds to participate in the capacity building programme, which is unfortunate. With this new MOU, ABDB can now make their participation possible by providing bridging funds. And we strongly encourage Antiguan & Barbudan residents to apply,” the ABIA director said.



Those interested in participating in the Grant Call Application Submission Seminar must contact ABIA offices at 481-1001/1021/1015 by February 12 to register, as space is limited.



For further information on DAGS, visit Caribbean Export’s website at www.carib-export.com and for further information about bridging funds contact the Antigua & Barbuda Development Bank. ABCSI can be contacted at 462-6628.


Reporting by Caribarena news, publishing by Ofer Shaked.

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