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New Alliance Formed to Expand Inclusive Economies

For Immediate Release 

Contact:
Carrie Barnes
(215) 239-4643
carrie@elisecommunications.com

 

New Alliance Formed to Expand Inclusive Economies  

Ford Foundation, USAID, and the Aspen Network of Development Entrepreneurs to build entrepreneurship capacity in emerging markets

 

Leesburg, Virginia—September 26, 2017—The Aspen Network of Development Entrepreneurs (ANDE), the Ford Foundation, and the United States Agency for International Development (USAID) announced a new partnership today that will focus on bolstering entrepreneurship in emerging markets in order to drive more inclusive economic growth. The announcement was made to more than 250 members in attendance at ANDE’s ninth annual conference.

Cultivating an environment where entrepreneurs in emerging markets can thrive will enable more people to have better economic prospects. In order to achieve impactful growth, small businesses need to be supported by the right kind of investment capital and services to establish their own sustainable and inclusive business practices. These kinds of businesses are an essential part of an inclusive economy which expands opportunities for all members of society by reducing barriers to participation and addressing inequalities, thereby enabling long-term growth and prosperity. With a total of $4 million committed by USAID and the Ford Foundation over five years, ANDE can further develop entrepreneurial ecosystems in Africa, Asia, and Latin America that will help to unlock greater amounts of investment capital for promising entrepreneurs and, ultimately, create additional quality jobs that drive economic growth, foster more sustainable business practices, improve access to goods and services to low-income customers, strengthen supply chains, and increase empowerment for marginalized groups.

To achieve these social and economic goals, the partnership will focus on expanding and developing the ANDE team, enhancing knowledge and operational systems, and improving ANDE’s regional presence throughout its seven chapters in seven countries. As a global network with a growing presence around the world, ANDE is uniquely positioned to be a catalyst for systems-level expansion of entrepreneurial opportunity. By strengthening ANDE as an organization, it can better serve its own members as well as local small and growing businesses, and as a result, generate even more opportunities for greater economic regional prosperity.

“We’re pleased to partner with ANDE to unlock financial opportunities for entrepreneurs who manage small enterprises in emerging markets. USAID is committed to investing in communities so that they may establish their own long-term economic independence and ultimately financial freedom,” said Robert Schneider, division chief, USAID.

“There is ample evidence that shows small and growing businesses are essential for a healthy economy where jobs are created and economic mobility is possible. We are especially pleased to partner with USAID on this institutional strengthening investment in ANDE, because the organization and its members know that sustainable economic growth is driven by all members of society and not just a privileged few,” said Graham MacMillan, senior program officer, Inclusive Economies at the Ford Foundation.

The Aspen Network of Development Entrepreneurs (ANDE) is a global network of more than 280 organizations from 150 countries that propel entrepreneurship in emerging markets. ANDE members provide critical financial, educational, and business support services to small and growing businesses (SGBs) based on the conviction that SGBs will create jobs, stimulate long-term economic growth, and produce environmental and social benefits. Ultimately, we believe that SGBs can help lift countries out of poverty. For more information about ANDE, please visit: www.andeglobal.org

The U.S. Global Development Lab serves as an innovation hub. The Lab takes smart risks to test new ideas and partner within the U.S. Agency for International Development (USAID) and with other actors to harness the power of innovative tools and approaches that accelerate development impact.

The Lab is a reflection of USAID’s broad embrace of innovation to bring about positive change and solve some of the world’s most pressing challenges. It works across USAID and within the broader international development community to test innovative tools and methods. When a new approach proves effective, the Lab works to increase its adoption throughout USAID and with our partners. www.usaid.gov. 

The Ford Foundation is an independent, nonprofit grant-making organization. For more than 80 years it has worked with courageous people on the frontlines of social change worldwide, guided by its mission to strengthen democratic values, reduce poverty and injustice, promote international cooperation, and advance human achievement. With headquarters in New York, the foundation has offices in Latin America, Africa, the Middle East, and Asia. Founded in 1936 by Edsel Ford, the, the foundation has through the years made more than $45 billion in grants and improved hundreds of millions of lives. Learn more about the current focus on addressing inequality in all its forms: www.fordfoundation.org