USAID’s Investing for Business Sustainability project has signed four co-investment agreements with Ukrainian companies for $6 million under the Business Growth Support Program, the project’s press office reported on Facebook.
“The goal of the program was to support companies that will be able to quickly increase exports, sales and create new jobs,” the program stressed.
Among the recipients is Delta Food agro-industrial group (TM Gulyai-pole), which produces more than 90% of mayonnaise products on the Ukrainian market. The company received financing of $1 mln to develop production of sauces in glass containers with subsequent export to the Baltic States and for realization on the domestic market.
Uterm Ukraine LLC (Bila Tserkva, Kyiv region), a leading Ukrainian manufacturer of steel heating radiators, received $2 mln to expand its production after relocation. The company is expected to create 250+ new jobs.
Suziria Group, which specializes in pet products, also received $2M to expand its network of production facilities. With financial support from the project and a $4.5 loan from Oschadbank, the company has ordered new equipment and is preparing to launch a wet cat food plant.
In addition, Karat LLC, a carpet manufacturer, received $1 million from the project and attracted additional bank financing to purchase raw materials. This allowed the company to retain 725 jobs, resume export activities, and approach pre-war production levels.
USAID’s Investing for Business Resilience (IBR) project is a five-year program implemented by DAI Global that supports systemic change in Ukraine’s economy and increases the supply of financing available to Ukrainian businesses.
