Panagora Group Named USAID Small Business of the Year
We are thrilled to announce that Panagora Group is the USAID Small Business of the Year for FY2018, recognized for our “outstanding success in securing and performing on USAID prime contracts both domestically and overseas at our Missions.” Panagora President and CEO Betsy Bassan, on behalf of the entire staff, expressed her excitement and gratitude to USAID for the acknowledgment and opportunities that led to this award.
“I am honored to receive this award and so grateful for all that USAID and the Office of Small and Disadvantaged Business Utilization team do to create opportunities for small business to support USAID’s health, development, and humanitarian goals,” said Betsy who accepted the award at the USAID’s 12th Annual Small Business Conference. “I am so proud of the great work Panagora and other small businesses do in developing countries through USAID to promote American values of entrepreneurship, innovation, and self-reliance.”
Small businesses like Panagora are the engine behind the U.S. economy, and we applaud USAID’s goal to proactively diversify its small business partner base and leverage its energy and innovation for international development. Since our launch in 2011, Panagora has advocated for small businesses, including women-owned small businesses, which account for 30 percent of all U.S. small business. As small businesses, we are agile and creative. We are right-sized to support USAID’s vision to build up local partners, who see us as natural allies because of our size and adaptability.
In eight years, we have grown from a two-person team engaged in short-term subcontracts to a nearly 80-strong global team working in 14 countries, managing multiple long-term prime and subcontracts. We are proud to have stayed true to our original vision and mission of “making our world a better place for good” (both doing good and making it stick) and being recognized for providing high-quality services that support USAID’s Journey to Self-Reliance. We are all the more committed and energized to make good on our mission.