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New Year, New Board Chair

A nonprofit organization is only as good as its board. This has never been truer than now for Building Markets as we expand in more ways than one. As our former board chair, Lyle Best, steps down, Building Markets welcomes a new chair, Eric Nonacs, and a new chapter in its buy local journey.

“We’re thrilled to have Eric as Building Markets’ new Chair,” said Scott Gilmore, founder and Chief Executive Officer of Building Markets. “Eric has been on our board since 2010. His background in conflict resolution and sustainable economic solutions and his commitment to Building Markets will bring the organization to the next level.”

Eric is the Vice President, Alliances and Partnerships of the Skoll Global Threats Fund. Prior to joining the Global Threats Fund, Eric was Managing Director for Global Affairs at Endeavour Financial, a merchant bank based in Vancouver, Canada. Concurrently, he served as a Senior Advisor to the William J. Clinton Foundation. From 2002 to 2007, he served as the Foreign Policy Advisor to President Bill Clinton and the Clinton Foundation.

Throughout his career, Eric has developed and implemented partnerships and programs supporting sustainable economic and social development across Africa, Europe, and Latin America. His experience in sustainability and management comes at a perfect time for Building Markets as the organization expands its Sustainable Marketplace Initiative throughout the world and ramps up new, innovative adaptations of the buy local concept.

“I’m very excited to take a leadership role on Building Markets’ board,” Eric Nonacs said, “particularly as we focus on scaling the marketplace model in new countries and launching new applications of Building Markets’ work, such as the Professionalization of Civil Society Organizations project in Afghanistan.”

Building Markets’ Factor Finance for Procurement, a loan guarantee for small and medium-sized businesses, is launching in Liberia early next year. Around the same time, the Sustainable Marketplace Initiative in Myanmar will officially launch. Building Markets’ will provide tender distribution, business matchmaking and training to local businesses looking to take advantage of the country’s latest economic reforms. Now is the perfect opportunity to leverage new foreign investment in Myanmar toward local businesses and job creation.

Building Markets would like to extend a sincere thank you to the former chair Lyle Best. Lyle was instrumental since the beginning, helping turn the organization from an idea into reality. “Without Lyle, we wouldn’t be where we are now: ready to expand the organization’s work throughout the world,” said Scott.

Eric Nonacs’ new leadership position on the board is one part of Building Markets’ renewed commitment to fostering a robust strategy of targeted expansion while promoting an environment dedicated to improvement. We couldn’t be more excited to have him take on a leadership role in time for all the big things happening in 2013!

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