The Notice of Funding Opportunity (NOFO) titled "American Prosperity: Foreign Investment Readiness Program" aims to enhance the engagement of Jordanian entrepreneurs with U.S. markets. It is managed by the U.S. Department of State and invites applications for cooperative agreements, with a total of $500,000 available for one award ranging from $200,000 to $500,000 over a 10-12 month performance period. The program targets Jordanian startups in sectors like ICT, Health Innovation, Agri-Tech, and Advanced Manufacturing to prepare them for successful U.S. market entry.
Key components include a 10-week training program to improve investment readiness, followed by a three-week business promotion tour to the U.S., culminating at the 2026 SelectUSA Investment Summit. Eligible applicants include not-for-profits and educational institutions from both the U.S. and Jordan. The program promotes cost-sharing for participants at the Summit and aims to develop significant U.S. partnerships for participants through mentorship and networking.
Applications must be submitted by September 1, 2025, and will be evaluated based on program quality, organizational capacity, and a detailed budget. The initiative supports U.S. commercial interests while enhancing entrepreneurship in Jordan. This detailed approach aims to foster a sustainable relationship, promoting economic collaboration between the U.S. and Jordan.
This government document outlines the requirements for preparing a budget narrative as part of federal RFPs, grants, and proposals. It emphasizes the need for a detailed justification of each budget line item, including personnel, fringe benefits, travel, equipment, materials, supplies, contractual services, and other direct costs. The narrative requirements focus on linking budget items to project deliverables, ensuring that funding requests are transparent and rational. Components such as personnel costs must detail names, titles, and roles specific to the project, and the fringe benefits section requires a clear identification of rates applied. Travel expenses are expected to be justified based on project objectives, while equipment and supplies need specific descriptions and justifications for inclusion in the budget. Indirect costs should be derived from existing agreements or adhere to de minimis rates. The comprehensive narrative approach ensures alignment between proposed budgets and project goals, ultimately supporting the effective allocation and use of federal funds.