SMART will support firms to get back to markets by providing both technical assistance and funding to help them grow and increase productivity and sales in domestic or export markets.
The Revitalization Programs will focus on building firms’ capacity to produce products and services for specific markets with the quality and adherence to standards those markets demand, at competitive prices. Firms will benefit from the technical assistance to support productivity, quality, and business planning or to expand or enter new markets, along with technologies and equipment to scale up production or introduce new products or services, as needed. This Program is flexible and can cater either to individual firms or to groups of firms that have a common market or a common development challenge that can be addressed more effectively on a group basis, for example, by introducing a new technology of value to multiple firms (such as an online booking service for tourism operators) or by organizing a trade mission. Special attention will be paid to mobilizing capital for growth beyond SMART’s resources. Access to finance will be integral to the Program. For each firm that has a growth plan, we will determine which options might best support the firm’s growth, including bank financing, other debt financing, or new investments.
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