The "Rural Economic Development-New Economic" Opportunities program will build upon current and previous projects, initiatives and activities that the government of Armenia, the U.S. government and USAID, and other donor and non-governmental organizations are implementing to address the economic challenges in rural Armenia.

RED-NEO activities will promote inclusive, sustainable economic security and economic growth by supporting at least 100 businesses in at least 60 communities. The program will accelerate the growth of small- and medium-sized enterprises (including farms and cooperatives) in the regions; facilitate market linkages between producers and buyers; and establish networks to promote local economic development. It will foster the development of a competitive agriculture sector by improving the performance of rural businesses and cooperatives, and their ability to meet quality standards.

RED-NEO will be implemented by CARD with AM Partners Consulting, Armenian Women for Health and Healthy Environment NGO, and Hicks Burnham and Williams LLC.