FOR IMMEDIATE RELEASE
March 7, 2011
Email: kedmonds@HEDprogram.org
www.HEDprogram.org
USAID Press Office: (202) 712-4320
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www.USAID.gov

Barbados-U.S. Higher Education Partnership Invests in Youth Entrepreneurship

 USAID and HED Launch Job Opportunity for Business Start-up (JOBS) Initiative 

WASHINGTON, D.C. – The U.S. Agency for International Development (USAID) through the Barbados and Eastern Caribbean mission and Higher Education for Development (HED) announced a new, three-year Job Opportunity for Business Start-up (JOBS) initiative aimed at supporting the growth of an entrepreneurial culture and diversifying the service oriented economies in this region. This multi-year, USAID-HED sponsored partnership will strengthen the University of the West Indies - Cave Hill School of Business’s Centre for Enterprise and Entrepreneurship’s presence as the hub for innovative business training and growth in the Eastern Caribbean.

Indiana University Bloomington’s Kelley School of Business has been selected to partner with the Cave Hill School of Business under JOBS to cultivate an entrepreneurial mindset in the region through updated degree and certificate programs focused on alternative energy initiatives, high-tech ventures, social entrepreneurship, and entrepreneurship in cultural industries.

USAID Representative in Barbados James Goggin, expressing his delight for the program said: “A keystone of USAID’s cooperation program for Barbados and the Eastern Caribbean is to advance economic development through entrepreneurship. We are excited and honored to be forming this new partnership with the University of the West Indies and Indiana University, which will combine the energies of these institutions to address the challenge of creating new business opportunities in Barbados and its neighboring countries, especially for Caribbean young people.”

The JOBS initiative stems from a USAID worldwide effort to promote post-secondary skills training. Many technical/vocational community colleges and higher education institutions in the United States and abroad have business schools and centers that are actively linked to industry and corporations. The support of academic and business communities in Barbados will facilitate a strong foundation for graduates having an entrepreneurial spirit, regardless of their area of study.

“So often, we hear about youth building our future. The JOBS initiative is an investment in that idea. This plan for improved education coupled with practical internships and mentoring from the business community can nurture the entrepreneurial spirit of students and young working professionals,” said HED Executive Director Tully Cornick.

The $1.35 million award is funded by USAID’s Office of Education, part of the Bureau for Economic Growth, Agriculture and Trade (EGAT), and will be managed by HED. EGAT, along with USAID’s other bureaus and worldwide missions, supports higher education partnerships to advance global development, economic growth, good governance, and healthy societies.

The American people, through the United States Agency for International Development, have provided economic and humanitarian assistance worldwide for nearly 50 years.  For more information, visit www.USAID.gov.

HED mobilizes the expertise and resources of the higher education community to address global development challenges. HED manages a competitive awards process to access expertise with the higher education community in coordination with the American Council on Education (ACE), the American Association of Community Colleges (AACC), the American Association of State Colleges and Universities (AASCU), the Association of American Universities (AAU), the Association of Public and Land-grant Universities (APLU), and the National Association of Independent Colleges and Universities (NAICU). For more information about HED, visit www.HEDprogram.org.

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