In June 2012, the Partnership Fund for the private sector in Somaliland was launched at Hargeisa's Ambassador Hotel. Part of the larger Partnership for Economic Growth program, the initiative will see $900,000 USD allocated to 13 private local businesses, as well as the creation of 250 new full-time jobs, half of which are to be earmarked for youth and one third for women. The fund is expected to improve job opportunities for 1,300 entrepreneurs through ameliorated product distribution and investment in new technologies and processing facilities. Eligibility is determined through a competitive and transparent selection process overseen by the Partnership program, the Somaliland Chamber of Commerce, and government officials.