LEAD Entrepreneurs Boost Local Construction
In Haiti, infrastructure projects are among the country's top employers. But when it comes to acquiring material, an estimated $71 million is shipped overseas for foreign material imports.
Two LEAD enterprises offer high quality construction of disaster-resistant schools, hospitals, and homes, and they're making waves in the Haitian economy. Combined, they have employed over 1,000 people and generated over $5 million in sales by making smart investments with LEAD funding.
See how they're becoming the leaders in Haitian construction:
Lifetime LEAD sales reached a total of $30,632,629 at the end of this quarter.
Over the program's lifetime, LEAD has produced 14,032 jobs.
LEAD Expo: Celebrating Business Growth
“You are the leaders of Haiti’s new economy,"
said Brian Shukan, Chargé d’Affaires of the U.S. Embassy in Haiti. "The LEAD project’s investment in these innovative entrepreneurs has unlocked millions in private capital. As their businesses grow, we anticipate that they will continue to attract financing from banks and equity investors, driving further economic development."
The LEAD expo was a great success, as participating entrepreneurs were able to show their work and connect with other entrepreneurs.
Glory Industries displays their products at the LEAD expo.
PISA, a cacao processor, displays their products at the expo.
The Diaspora Challenge Initiative Luncheon
The Haitian Diaspora is a critical partner in Haiti’s development, ranging from the $2 billion/yr remittance flows to sector expertise and markets for products. The Diaspora Challenge Initiative was an activity that sought the best developments from the diaspora population. LEAD organized a luncheon to connect the winners of the Diaspora Challenge Initiative with key Haitian counterparts such as politician Jerry Tardieu, and institutional partners like USAID, Inter-American Development Bank, and the World Bank.
Attendees met with government officials and other major players. Read in Le Nouvelliste.
Read more about the LEAD program.
About the LEAD Program
The Leveraging Effective Application of Direct Investments (LEAD) program, which began in 2011, is a $17 million project funded by USAID and implemented by PADF. The LEAD program works in two main areas – supporting Small & Medium-sized enterprises (SMEs) and promoting impactful diaspora investment in Haiti. To date, LEAD has provided matching grant capital and delivered firm-level enterprise support to 46 SMEs in the Port-au-Prince, Saint Marc and Cap-Haitian corridors. LEAD has also worked with multiple diaspora entrepreneurs and diaspora groups to increase the development impact of remittances and investments.
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