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Friday Nov 15, 2024
Wednesday, 21 March 2012 00:21 - - {{hitsCtrl.values.hits}}
The United States Agency for International Development (USAID), the development arm of the U.S. Embassy, awarded the first grant under its Biz+ program on Friday.
This $275,000 grant will help Jeyantha’s Katcovalam Ice Factory expand its ice production from six to 26 tons per day, meeting growing demand from fishermen and traders who transport fresh fish to Colombo and elsewhere.
The Biz+ program supports local businesses, increasing economic growth and job creation in recovering areas. The program provides grants along with technical and managerial assistance to small- and medium-size businesses. 
Speaking at the signing ceremony, Thirunavukkarasu Senthan, CEO of Jeyantha Industrial Park in Point Pedro, Jaffna District said, “We will continue to increase activities and create new jobs as an ongoing process. Ice, cold room facilities and a fisheries harbor are basic requirements for the success of multiday fishing. The common thread is creating jobs while providing a service to the immediate community.”
The grant will fund the purchase and installation of environmentally-friendly refrigeration units at a new central facility, and will support localized cooling and ice distribution centers. Biz+ will also provide technical assistance to improve the design of the company’s operations, to help cut costs of wasted cold water.
“USAID’s latest initiative, Biz+, will open up jobs after decades of conflict. This grant will augment incomes of fishermen and fish traders by meeting the demand for ice in the region and benefit others along the value chain, such as transporters,” said USAID Mission Director Jim Bednar. “This is the ultimate aim of Biz+: to help improve living standards of vulnerable populations and stimulate the region’s economic growth”. The grant was signed by USAID’s visiting Senior Deputy Assistant Administrator for the Asia Bureau, Denise Rollins. The grant award came as part of Denise Rollins’s three-day visit to the island to review progress of USAID-supported activities.
The American people, through the U.S. Agency for International Development, have provided development and humanitarian assistance in developing countries worldwide for nearly 50 years. Since 1956, the U.S. government has invested over $2 billion to benefit all the people of Sri Lanka.
