United States Agency for International Development (USAID) and Western Union have extended the application deadline for the Libya Diaspora Marketplace (LDM) to Monday, June 24. The LDM encourages sustainable economic growth and employment by supporting entrepreneurs who are U.S. citizens or permanent resident members of the Libyan diaspora community, as well as those who have a relevant connection to, or experience in, Libya. The LDM will award up to four winning businesses with matching grants of between $25,000 and $50,000 with accompanying technical assistance.
“The recent events in the region have offered USAID opportunities to adjust our approaches to assistance in the Middle East and North Africa and forge new partnerships across the region,” said Alina Romanowski, USAID’s Acting Assistant Administrator for the Middle East Bureau. “I’m excited these new relationships also include the LDM initiative and the diaspora who want to make a difference in their homeland during a historical time.”
USAID began redirecting assistance and putting new programs into place to help the people of Libya in response to a rapidly unfolding situation across the Middle East and North Africa, laying the foundation for a democratic future and economic prosperity that engages and benefits all Libyans.
The inclusion of Libyan diaspora in the LDM highlights a commitment to facilitating diaspora entrepreneurs who want to contribute to the development of their home countries.
“The LDM is an innovative model for corporate, government and nonprofit collaboration to promote entrepreneurship and the employment it supports. Expanding the African Diaspora Marketplace for Libya leverages its unique benefits to help create lasting social and economic impact,” said Aida Diarra, Western Union Regional Vice President for North Central and West Africa.
Proposals need to be submitted by 5 pm EST on Monday, June 24, 2013. Information about LDM, eligibility requirements and how to apply can be found here.