Bridgetown.
The Inter-American Development Bank (IADB) has provided a $300,000 grant to assist small and medium sized businesses in Barbados reduce their operating cost and create more jobs.
Speaking during the signing ceremony at the Lloyd Erskine Sandiford Centre, president of the IADB Luis Alberto Moreno said the money would be channeled through the Future Centre Trust.
The funds will be used to help push Barbados' intiative for small and medium sized companies in establishing green business standards.
Chairman of the Board of the Trust Vivian -Ann Gittens said the grant would finance a consultant to the businesses as well as provide pocket money for projects related to the strengthening of the Green Business Barbados initiative, a programme that seeks to be affordable, practical and able to deliver economic returns to Barbadians and medium sized enterprises.
The agreement was signed at the 15th Inter-American Forum on Microenterprise (FOROMIC) which is taking place in Barbados.
