Business Excellence for Sustainability and Transparency (BEST) Phase II Activity

Closed Posted

Opportunity number
72043825RFA00001
Agency
Applications due
Award size
$10,000,000

Opportunity facts

Funding instrument
Cooperative Agreement
Category
  • Other
Eligible applicants
  • Unrestricted

Opportunity details come from Grants.gov. Updated .

About this opportunity

The USAID Business Excellence for Sustainability and Transparency (BEST) Phase II Activity is a federal grant opportunity that seeks to further advance key elements of the original BEST program and incorporate new components to improve the long-term sustainability of Mongolia's small and medium-sized enterprise (SME) sector. The activity aims to build the capacity of Mongolian institutions, improve corporate governance among SMEs, and enhance the energy efficiency and environmental sustainability of SMEs to strengthen their overall competitiveness. Eligible applicants include for-profit entities, and the grant will be awarded through a Cooperative Agreement. The application deadline was originally set for February 12, 2025, but the process has been temporarily suspended pending further notice.

The BEST Phase II Activity has a total funding ceiling of up to $10 million over a 5-year period. The activity will be funded through a combination of Democracy and Governance (DG), Economic Growth (EG), and Clean Energy (CE) funds, and the place of performance is Mongolia.

Synopsis

The USAID Business Excellence for Sustainability and Transparency (BEST) Phase II Activity will further advance key elements of the original activity and incorporate new elements to improve long-term sustainability of the small and medium-sized enterprise (SME) sector. BEST Phase II will work more closely with Mongolian government entities and civil society organizations (CSOs), providing training and capacity building so they can more effectively advise SMEs. In addition, BEST Phase II will include a component to work with SMEs directly to improve their energy efficiency and environmental sustainability to improve their overall competitiveness. Similar to BEST, the goal of BEST Phase II is to build the capacity of SMEs so they can more powerfully serve as an engine for Mongolia's economic growth and diversification. Best Phase II will

  1. Improve capacity of Mongolian institutions;
  2. Improve corporate governance of SMEs; and
  3. Improve energy efficiency and environmental sustainability of SMEs.


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