International Economic Development Board Meets NMI Stakeholders | New

(NMC) — As part of the CNMI Small Business Development Center’s efforts to promote economic growth, the CNMI SBDC at Northern Marianas College recently met with members of the International Economic Development Council or IEDC to discuss ways to provide technical assessment services and capacity building at the CNMI.

IEDC, with funding from the U.S. Economic Development Administration, is offering these services to CNMI through March 31, 2024. This program focuses on both natural disasters and Covid-19 recovery, as well as on building economic resilience to future disruptions.

Throughout the project, IEDC will conduct one team visit and needs assessment report, six to eight technical assistance projects (on-site or virtual), and two virtual trainings.

As part of the first visit to CNMI, the team gathered information on CNMI’s experiences during Covid-19 and the lasting effects of Super Typhoon Yutu, identified economic recovery and resilience priorities through meetings with community partners, the private sector and government agencies .

Additionally, CNMI SBDC, CNMI Commerce Department and the IEDC team met with small business owners, farmers and community partners on Rota Island. The team also met with Land and Natural Resources Division Director David Calvo, who oversees the Heritage Coffee Farm, a DLNR-supported pilot program on Rota.

“We are delighted to welcome IEDC to Rota to assist them in their assessment of the needs of our island,” said Calvo.

The team also met with Steven McCoy and Jackie Manglona of the Rota Chamber of Commerce to discuss the immediate objectives of the RCC and how the IEDC could be useful. The agencies also met Francisco Atalig (Atalig Farm, Teteto), Maria Fujihira (Fujihira Farm, Teteto), Prudencio Manglona (Manglona Farm, Sinapalo I).

After its first visit, IEDC will offer recommendations for technical assistance and capacity building, including but not limited to small business development and entrepreneurship, sustainable tourism recovery, rural centered on technology, economic diversification and workforce development.

The International Council for Economic Development is a non-profit organization serving economic developers. With over 5,000 members, IEDC is the largest national and global organization of its kind. For more information on the IEDC, visit https://www.iedconline.org/.

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