Cheap funding for free enterprise

Leader Gasket is proof that it is not necessary to be a major multinational corporation to expand operations to Europe. The company's joint venture in Slovakia, which has been producing steel gaskets for the process industry for the last 18 months, was easier to set up than imagined because of...

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Bibliographic Details
Published inThe Journal of European business Vol. 5; no. 4; p. 8
Main Author Lambroza, Sam
Format Journal Article
LanguageEnglish
Published New York Faulkner & Gray, Inc 01.03.1994
Subjects
Business plans
Corporate finance
Corporate presidents
Emerging markets
Equity
Equity funds
Foreign aid
Foreign investment
Free enterprise
Funding
Host country
Investments
Joint ventures
Polish Americans
Presidents
Private equity
Statistical data
Eastern Europe
US
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Summary:Leader Gasket is proof that it is not necessary to be a major multinational corporation to expand operations to Europe. The company's joint venture in Slovakia, which has been producing steel gaskets for the process industry for the last 18 months, was easier to set up than imagined because of help from the Czech and Slovak Enterprise Fund, which assumed a 33% equity position in the venture. American Enterprise Funds, which are non-profit, privately managed, and government-funded, are operating in Eastern Europe and can provide valuable investment opportunities for US companies, while mitigating some of the risk. The funds help implement US foreign policy, which strives to link democratization in Eastern Europe with the development of a free-market economy. The funds' encourage private sector development by investing in small- to medium-sized companies in host countries. The funds' assistance includes loans, grants, technical assistance, equity investment, and the promotion of joint ventures.
ISSN:1044-002X