From December 18-20, america Company for Worldwide Growth (USAID) and the Nationwide Alliance for Black Enterprise (NABB) will lead a commerce scoping mission to Barbados as a part of preparations for its U.S. – Caribbean Commerce Mission 2025.
This groundbreaking initiative goals to strengthen commerce relations by connecting Black American companies with Caribbean enterprises, fostering innovation, increasing markets, and driving sustainable financial development throughout key sectors.
This announcement follows the formal signing of a Memorandum of Understanding (MOU) between USAID and NABB on August 23, 2024, in the course of the Nationwide Enterprise League’s 124th Nationwide Black Enterprise Convention co-hosted by NABB. The MOU marked a big milestone in advancing equitable commerce and shared prosperity throughout the Caribbean and past.
The high-level delegation, together with USAID officers and representatives of main Black American companies, philanthropic organizations, and Traditionally Black Schools and Universities, will interact with Barbados’ authorities officers, enterprise leaders from Barbados and the area, commerce businesses, and academic establishments to discover alternatives for collaboration in renewable vitality, agriculture, expertise, and finance.
“Along with USAID, we’re constructing bridges for sustainable financial development and shared prosperity throughout the U.S. and the Caribbean. This mission will create alternatives that empower entrepreneurs and rework financial relationships throughout the diaspora,” stated Dr. Ken L. Harris, Co-founder of NABB and President/CEO of the Nationwide Enterprise League.
The Barbados leg of this scoping mission will validate precedence sectors, foster strategic partnerships, and set up connections that align U.S. and Caribbean pursuits. These efforts will lay the groundwork for the Spring 2025 Commerce Mission, advancing inclusive financial improvement and constructing partnerships between america and the Caribbean .
“Barbados is central to the Japanese Caribbean’s commerce ecosystem,” stated USAID Japanese and Southern Caribbean Regional Consultant Mervyn Farroe. “By combining enterprise partnerships with investments in schooling and workforce improvement, we’re making a basis for shared prosperity and resilience throughout the area.”