Accessing Women's Eco-Tourism Funding in the Marshall Islands
GrantID: 62541
Grant Funding Amount Low: $10,000
Deadline: February 29, 2024
Grant Amount High: $10,000
Summary
Explore related grant categories to find additional funding opportunities aligned with this program:
Awards grants, Business & Commerce grants, Community/Economic Development grants, Individual grants, Small Business grants, Women grants.
Grant Overview
Target Outcomes for Women's Entrepreneurship in the Marshall Islands
The Women's Entrepreneurial Legacy Grant in the Marshall Islands is designed to empower female entrepreneurs, fostering a thriving business ecosystem that contributes to the nation's economic resilience. A key priority outcome of this grant is to increase the number of women-led businesses that demonstrate potential for growth and job creation. This outcome is particularly significant in the Marshall Islands, where the economy is heavily reliant on subsistence activities and vulnerable to climate change impacts.
The Office of the President of the Marshall Islands, through its Women's Affairs Office, has been actively promoting women's economic empowerment. This grant aligns with national efforts to enhance women's participation in the economy, as outlined in the Marshall Islands Vision 2023 and the National Women's Policy. The grant's focus on supporting women entrepreneurs is expected to contribute to the diversification of the economy, enhancing its resilience to external shocks.
One of the distinguishing geographic features of the Marshall Islands is its atoll geography, which poses unique challenges for business operations, including limited land area, isolation, and vulnerability to climate change. The grant's target outcomes take into account these challenges, prioritizing businesses that can adapt to or mitigate these conditions. For instance, businesses that focus on sustainable tourism or innovative agricultural practices are likely to be considered favorably.
Measuring Success in the Marshall Islands Context
Success under the Women's Entrepreneurial Legacy Grant will be measured through several key performance indicators (KPIs), including the number of jobs created by supported businesses, the increase in business revenue, and the development of innovative products or services that cater to local and potentially international markets. The grant program will also monitor the extent to which supported businesses contribute to the overall economic diversification of the Marshall Islands.
The funding provided by Non-Profit Organizations through the Women's Entrepreneurial Legacy Grant ranges from $10,000 to $10,000, offering a critical injection of capital for women-led businesses. The grant's impact is expected to be amplified through the technical assistance and capacity-building support that accompanies the funding, enhancing the grantees' ability to navigate business challenges and capitalize on opportunities.
Supporting Economic Resilience in a Climate-Vulnerable Economy
The Marshall Islands' economy is not only challenged by its geographical characteristics but also by its vulnerability to climate change. Rising sea levels, increased frequency of extreme weather events, and saltwater intrusion into freshwater sources are some of the climate-related challenges that businesses in the Marshall Islands must contend with. The Women's Entrepreneurial Legacy Grant prioritizes outcomes that enhance the resilience of women-led businesses to these climate-related stressors. Businesses that incorporate climate-resilient practices or contribute to climate change mitigation efforts are likely to be prioritized under this grant.
The grant's emphasis on supporting women entrepreneurs who can contribute to the economic resilience of the Marshall Islands aligns with the broader national objectives of achieving sustainable development and reducing vulnerability to external economic and environmental shocks.
Q: How will the grant's success be measured in terms of job creation in the Marshall Islands? A: Success will be measured through the number of jobs created by supported businesses, with a focus on sustainable employment opportunities that contribute to the overall economic diversification of the Marshall Islands.
Q: Are there specific business sectors that are prioritized under the Women's Entrepreneurial Legacy Grant in the Marshall Islands? A: While the grant is open to various sectors, businesses that focus on sustainable tourism, innovative agricultural practices, and climate-resilient practices are likely to be considered favorably due to their potential to contribute to the nation's economic resilience.
Q: What kind of support can applicants expect beyond the grant funding? A: Applicants can expect technical assistance and capacity-building support to accompany the grant funding, enhancing their ability to navigate business challenges and capitalize on opportunities in the Marshall Islands.
Eligible Regions
Interests
Eligible Requirements
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