Under the USAID Technical Assistance Project for Economic Growth (TAP-EG), International Development Group, LLC is launching a three-year, $12 million Dominican Republic Supply Chain Investment Activity, based in Santo Domingo and Santiago. This initiative aims to drive economic development, particularly in the northwest region, by implementing an effective industrial policy and attracting targeted investments.
At the core of this activity is a strategic economic development plan that includes key components such as promoting nearshoring, advancing agribusiness, workforce development, supporting local small and medium enterprises, improving infrastructure, and adapting to climate change.
The COVID-19 pandemic has exposed the vulnerabilities of centralized production, highlighting the need for geographically diversified, resilient supply chains. Disruptions have led to significant manufacturing and logistics challenges, causing shortages and price increases worldwide. The program, designed by USAID/Dominican Republic, aims to address these challenges, ensuring the stability of goods and contributing to the economic prosperity of the Dominican Republic.
Key initiatives under this activity include:
- Formulating an industrial policy plan.
- Designing an investment promotion program.
- Developing a new model of microcities that integrates industrial parks with communities to enhance the quality of life and productivity of the workforce and their families.
- Supporting human capital development curricula.
“These key initiatives provide the underpinnings of an effective nearshoring strategy, which will enhance the country’s competitive position with important, proximate export markets, in particular that of the United States: helping to attract needed direct foreign investment, increase exports and jobs, while bolstering economic development,” said Rod Carvajal, Activity Director.
IDG looks forward to working with USAID/Dominican Republic and the Government of the Dominican Republic on this important initiative.
