The U.S. Agency for International Development and the US-Asean Business Council have forged an alliance that will aim to help small- and mid-sized companies expand in regional and international markets.
USAID and USABC will offer cloud computing technology as well as mentorship, training and human resource development services to ASEAN SMEs through the public-private initiative, USAID said Tuesday.
“By investing in high-potential businesses, this partnership advances broad-based, sustainable economic growth across the region,” said Rajiv Shah, USAID administrator.
“It will empower entrepreneurs, promote job creation and provide opportunity at all levels of society, particularly for women and youth,” Shah added.
The effort is backed by a USABC industry panel comprised of General Electric, Microsoft, Hewlett Packard, UPS and Procter & Gamble.