JOA J$15m equipment grant to benefit sporting bodies

By Sports Desk July 08, 2021

The Jamaica Olympic Association (JOA), sports’ parent body locally, will be investing $15 million into its Equipment Grant to benefit its member bodies.

Financing for the program was secured through a three-year partnership worth $45 million with Supreme Ventures Limited (SVL). At the time when the agreement was signed in April, the JOA had made known its plans to make funds available to sporting associations for equipment, noting that it is critical to building capacity for sport and the performance of athletes.

This is the second activation of the Supreme Ventures partnership with the JOA after they invested $7.5 million in the Jamaica National Trials last month.

Also, for some associations, the acquisition of equipment has been expensive and beyond their grasp, which has consequences for athletes whose daily regimen of exercise constitutes training with equipment, which is vital to their preparation and overall development.

The Equipment Grant is another facet of the JOA’s Olympic Invest initiative that was launched in 2020, which has, among its primary objectives, the sustainability and viability of Olympic and non-Olympic sports. Some of the members that will be benefitting from this grant are Jamaica Triathlon Association, Jamaica Wrestling Federation, Jamaica Bobsleigh Federation, Jamaica Cricket Association and Jamaica Lawn Bowling Association.

With an oft-expressed view to equip and empower its member associations by providing the means to opportunity and success, the JOA further maintains the provision of the equipment is enabling sport with the required tools of the trade.

This program follows upon the recently announced partnership with select members of the Global Jamaica Diaspora Council to raise $200 million through a ‘Dollar Plan’ campaign that will be done later this year. These funds raised will be used to expand the JOA funding portfolio to support a wider diversity in sports over the next quadrennial.

 

 

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