Consortia of American Businesses in the Newly Independent States Announcement of Availability of Funds

DEPARTMENT OF COMMERCE

International Trade Administration

Consortia of American Businesses in the Newly Independent States

Announcement of Availability of Funds

AGENCY: International Trade Administration, Commerce.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: On May 24, 1994, 59 FR Part VI, the Department announced the

availability of federal grant funds under the CABNIS program and its

intention to select non-profit organizations to participate as grantees

under the program. The Department of Commerce has selected three

additional applicants to receive federal funding under the Consortia of

American Businesses in the Newly Independent States (CABNIS)

initiative. Each of the three selected applicants is a non-profit

consortium created to help for-profit U.S. member companies do business

and enhance private sector development in the independent states formed

since the breakup of the Soviet Union. The grantees will be required to

match federal funding. The grantees will use CABNIS seed money over a

three year period to form and nurture U.S. business consortia of for-

profit firms interested in doing business in the Newly Independent

States, and establish and operate consortia offices in the region. The

three new grantees are the American Agribusiness Equipment Consortium,

Alexandria, VA; Partners In Economic Reform, Washington, DC; and

Virginia Commonwealth University, Richmond, VA.

FOR FURTHER INFORMATION CONTACT: W. Dawn Busby, Director, Office of

Export Trading Company Affairs, Trade Development, U.S. Department of

Commerce, Tel. (202) 482-5131. This is not a toll-free number.

Dated: October 4, 1994.

W. Dawn Busby,

Director, Office of Export Trading Company Affairs.

[FR Doc. 94-25090 Filed 10-7-94; 8:45 am]

BILLING CODE 3510-DR-P