Deetken Impact Partners with USAID to Create Jobs and Address Climate Action in El Salvador
Impact asset manager Deetken Impact today announces a partnership with the United States Agency for International Development (USAID) to accelerate economic opportunities that support job creation, and address some of the root causes driving irregular migration in El Salvador. The Investment, Enterprise and Sustainability or “INES” program identifies and supports at least 10 projects in El Salvador to raise capital for business expansion that will create jobs. The selected projects will be drawn from sustainable economic sectors that support long-term economic growth and development of the formal economy while also generating meaningful social or environmental benefits, such as renewable energy, trade infrastructure, financial inclusion, and sustainable manufacturing. The INES program is part of a USAID initiative to advance free-market, open, and enterprise-driven development in order to foster growth and jobs in the formal economy.
Pipeline development and Call for Projects
Deetken Impact conducted a review of investment opportunities in El Salvador to build a pipeline of potential candidates for acceleration. This pipeline was informed in part through a public Call for Projects, through which project sponsors, entrepreneurs and company management teams were invited to submit projects or corporate investment opportunities that would benefit from INES support.